At a Glance
- Tasks: Assist with reinsurance administration, claims recoveries, and compliance reporting.
- Company: Join Talbot, part of AIG, a leader in innovative insurance solutions.
- Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
- Other info: Inclusive culture with opportunities for continuous learning and career growth.
- Why this job: Make a real impact in the insurance industry while growing your skills.
- Qualifications: Basic knowledge of reinsurance, strong IT skills, and a team player attitude.
The predicted salary is between 35000 - 45000 £ per year.
At Talbot and AIG, we are reimagining the way we help customers to manage risk. Join us as a Reinsurance Technician to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
Talbot operates within the Lloyd's Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist. Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients' evolving and often unique needs.
Syndicate 2019 provides Lloyd’s investors with access to AIG’s Private Client Select (PCS) portfolio. Part of AIG since 2018, Talbot is committed to working with brokers and clients to deliver industry leading solutions. It is headquartered in London with offices in New York and Singapore.
How you will create an impact
- Assist with the administration of all reinsurance post placement functions including contract booking, claims recoveries, credit control and reporting:
- Purchasing
- Input of new facultative and treaty contracts/endorsements on to the systems. Ensure key details are recorded accurately and in a timely manner.
- Input premium advice notes and ensure premium has been paid.
- Claims
- Assist with daily SCM/USM messages including Syndicate Event Coding.
- Assist with the month/quarter end process; including prompt advising of recoveries to brokers including claims data supplements/adjuster reports.
- Assist with Group reporting on shared RI contracts.
- Monitor and assist with credit control of claims & premiums via LORS including non-cash LORS.
- Assist with reinsurer queries and ensure requests are dealt with efficiently to ensure prompt settlement.
- Governance and Compliance
- Assist with adhoc reporting and returns and produce net data for the business.
- Assist with meeting all SOX/Compliance/Audit requirements at all times.
- To have an awareness and understanding of risks within Talbot’s Risk and Controls Framework applicable to the Reinsurance department.
- Production of all Proportional Treaty Bordereaux for claims and premium ensuring prompt notification and settlements.
- Assisting with Facultative Claims recoveries.
- General Reinsurance knowledge.
- General Reinsurance Processing experience.
- IT – most importantly Microsoft Excel, Word, PowerPoint.
- Good analytical skills, presentation skills.
- A team player who is also able to work as an individual, comfortable dealing with other individuals and teams both internally and externally.
What you’ll need to succeed
Ready to take your career to the next level? We would love to hear from you.
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.
Reinsurance Technician in London employer: American International Group
At AIG, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. Our commitment to employee growth is reflected in our comprehensive Total Rewards Program, which prioritises health, wellbeing, and professional development. Join us to be part of a collaborative culture that values diversity and inclusion, ensuring every team member can thrive and make a meaningful impact in the reinsurance sector.
Contact Details:
American International Group Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technician in London
✨Tip Number 1
Network like a pro! Reach out to people in the reinsurance industry, especially those at Talbot and AIG. Use LinkedIn to connect and engage with them; you never know who might help you land that interview!
✨Tip Number 2
Prepare for your interviews by researching common questions for Reinsurance Technicians. Practice your answers and think of examples from your past experiences that showcase your skills and knowledge in the field.
✨Tip Number 3
Show off your analytical skills! During interviews, be ready to discuss how you've used data analysis in previous roles. This will demonstrate your ability to handle the responsibilities outlined in the job description.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the team at Talbot and AIG.
We think you need these skills to ace Reinsurance Technician in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reinsurance Technician role. Highlight relevant experience and skills that match the job description, like your knowledge of reinsurance processes and IT skills.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how you can contribute to Talbot's mission. Keep it concise but impactful.
Showcase Your Analytical Skills:Since the role requires good analytical skills, be sure to mention any relevant experiences where you've used these skills effectively. This could be in previous jobs or even during your studies.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you on our radar!
How to prepare for a job interview at American International Group
✨Know Your Reinsurance Basics
Before heading into the interview, brush up on your general reinsurance knowledge. Understand key terms and processes like facultative and treaty contracts, claims recoveries, and credit control. This will show that you're not just interested in the role but also have a solid foundation to build upon.
✨Showcase Your Analytical Skills
Since the role requires good analytical skills, prepare to discuss examples from your past experiences where you've used these skills effectively. Whether it’s through data analysis or problem-solving, having specific instances ready will demonstrate your capability to handle the responsibilities of the position.
✨Familiarise Yourself with Microsoft Excel
As a Reinsurance Technician, you'll be using tools like Excel regularly. Make sure you’re comfortable with functions, formulas, and data presentation. You might even want to mention any relevant projects where you’ve used Excel to manage data or create reports during the interview.
✨Prepare Questions About Company Culture
AIG values collaboration and inclusion, so come prepared with questions about their team dynamics and culture. This shows that you’re not only interested in the job but also in how you can fit into their environment. It’s a great way to gauge if the company aligns with your values too!
