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For Companies At a Glance
- Tasks: Manage reinsurance systems, ensuring timely collections and maintaining strong broker relationships.
- Company: Join Argenta Group, a leading player in the Lloyd's market with a global presence.
- Benefits: Competitive salary, supportive work culture, and opportunities for professional growth.
- Why this job: Be part of a dynamic team making a real impact in the reinsurance industry.
- Qualifications: Knowledge of reinsurance processes and strong analytical skills required.
- Other info: Embrace a collaborative environment focused on creativity and personal well-being.
The predicted salary is between 36000 - 60000 £ per year.
About Argenta
Argenta Group is headquartered in London and has a presence in Australia, employing over 280 people globally. We are proud of our unique and rich history of trading in the Lloyd's market, both as a Syndicate and Members' Agency, and to be part of the Hannover Re Group. Our long-standing workforce are our greatest asset; the expertise and knowledge they bring has resulted in our successful track record and continues to shape our future growth strategy.
About the role
You will be responsible for the administration of the Outward Reinsurance System (Global XL Pro) Rendered (a.k.a. Billed) ledger and specifically ensuring that the Debtor and Creditor positions are kept to a minimum thereon. The Outwards Reinsurance team is responsible for contract set up, the creation and posting of Reinsurance premiums and recoveries, credit control, cash allocation, reporting, broker communications and reconciliations and reporting related thereto. You will be working closely with, and reporting to, the Head of Outwards Reinsurance Operations.
Key responsibilities
- Timely issuance of collection and advice notes and statements to Brokers and Direct Reinsurers along with issuance of supporting information (e.g. Bordereaux, Claims loss reports etc).
- Building relationships with Brokers and arranging regular meetings with them to ensure timely collections and payments.
- Processing LORS and Direct settlements (necessitating Non-cash LORS item creation).
- Close liaison with the Senior Reinsurance Technicians, Finance and Operations and other Stakeholders.
- Reporting – including, but not limited to Credit Control related reports (e.g. "710", "Aged Debt" etc).
- Undertake any other related duties as may be reasonably required.
Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA:
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct.
Skills & Experience
- Knowledge of reinsurance processes, including reinsurance recovery procedures from first advice to final settlement, credit control and the management of aged debt.
- Ideally some experience of Lloyd's reinsurance reporting mechanisms, Lloyd's minimum standards and Lloyd's processes.
- An understanding of Company, FCA, Lloyd's and other Regulators' compliance requirements.
- Experience of working with Global XL Pro is preferable.
- Excellent analytical and problem solving skills.
- Proven accuracy and good attention to detail.
- Self-motivated with a strong work ethic and the ability to work well under pressure.
- Capable of developing and maintaining effective relationships at all levels.
- Competent communication skills, both oral and written.
- Advanced knowledge of Microsoft Excel, intermediate competency in use of other office IT applications.
Behaviours
- Supporting each other: Treat each other with dignity and respect, valuing our differences, so we can all be ourselves and achieve our goals.
- Generating creative solutions: We do not settle for things that are not right; we do not walk by, we seek creative solutions.
- Owning the delivery: We set clear objectives and deadlines; we are accountable and own the delivery end to end, knowing others will too.
- Being Committed: High performing professionals, recognising the importance of wellbeing and balance in our lives.
- Building longstanding relationships: Collaboration with our clients and those we work with is key; we work as a team to ensure the best outcomes.
Senior Reinsurance Technician - Credit Control in Slough employer: Argenta Group
Contact Detail:
Argenta Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reinsurance Technician - Credit Control in Slough
✨Tip Number 1
Network like a pro! Reach out to people in the reinsurance industry, especially those who work at Argenta or similar companies. Attend industry events or webinars to make connections and get your name out there.
✨Tip Number 2
Prepare for interviews by researching Argenta's values and recent news. Show that you understand their culture and how you can contribute to their goals, especially in credit control and reinsurance processes.
✨Tip Number 3
Practice your communication skills! Since building relationships with brokers is key, be ready to demonstrate your ability to communicate effectively during interviews. Role-play scenarios where you handle collections or resolve issues.
✨Tip Number 4
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 Argenta and are proactive about your job search.
We think you need these skills to ace Senior Reinsurance Technician - Credit Control in Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Reinsurance Technician role. Highlight your experience with reinsurance processes and credit control, as well as any relevant skills that match the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for Argenta. Mention your knowledge of Lloyd's processes and how you can contribute to the team.
Showcase Your Skills: Don’t forget to showcase your analytical and problem-solving skills in your application. Provide examples of how you've used these skills in previous roles, especially in relation to credit control and reporting.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Argenta Group
✨Know Your Reinsurance Stuff
Make sure you brush up on your knowledge of reinsurance processes, especially recovery procedures and credit control. Familiarise yourself with the specifics of the Outward Reinsurance System (Global XL Pro) as well, since this will be a key part of your role.
✨Show Off Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving skills during the interview. Think of examples from your past experience where you've tackled complex issues or improved processes, especially in relation to aged debt management or reporting.
✨Build Rapport with Brokers
Since building relationships with brokers is crucial, come prepared with ideas on how you would approach these interactions. You might even want to mention any previous experiences where you successfully managed broker relationships or collections.
✨Emphasise Teamwork and Collaboration
Argenta values collaboration, so be ready to discuss how you work effectively within a team. Share examples of how you've supported colleagues or contributed to team goals, highlighting your commitment to delivering results together.
