At a Glance
- Tasks: Manage client portfolios and support reinsurance processes with accuracy and efficiency.
- Company: Join Guy Carpenter, a leader in the reinsurance industry with a supportive culture.
- Benefits: Enjoy professional development, hybrid work, and a vibrant, inclusive environment.
- Other info: Diverse workplace with opportunities for career advancement and personal growth.
- Why this job: Make an impact in the reinsurance sector while growing your skills and career.
- Qualifications: Experience in Excess of Loss and strong Excel skills are essential.
The predicted salary is between 45000 - 55000 £ per year.
We are seeking an experienced individual to join our Client Services Support team at Guy Carpenter. This role will be based in Witham. This is a hybrid role that has a requirement of working at least three days a week in the office.
As a Senior XOL Technician, you will support our client base through transactional processing, securing reinsurance recoveries through timely and accurate system entry.
For this role, you will need to have proven reinsurance experience, specifically within Excess of Loss.
We will count on you to:
- Manage an assigned client portfolio, taking full responsibility of technical duties relating to client accounts, premiums and claims
- Work with Market Fiduciary to assist with collection of funds
- Manage all XOL post, brokerage receivables, funding, retention, e-trading, ad hoc reporting requests, and all transactional process steps
- Promote, build and maintain relationships with Brokers, Clients and Markets
- Participate in training sessions, and provide input within the team and/or department for all aspects of reinsurance service processing to assist with troubleshooting
What you need to have:
- Demonstrable experience within Excess of Loss (XOL) - essential
- Insurance/Reinsurance Premium/Claims experience, ie; handling cash loss/large loss and a desire to move into the Reinsurance sector.
- Competent Excel skills and proficiency in Microsoft Office Applications.
- Willingness to learn and develop knowledge of technical account structure.
- Successful management of workload; with an ability to manage expectations.
What makes you stand out:
- Reinsurance Claims experience
- Experience of working in a technical capacity for a Broker
- Experience of using London Market systems such as LORS and the IMR (Insurance Market Repository)
- Knowledge of CLASS system is useful for review of London market queries
- Knowledge of Letters Of Credit and the Citibank process
Why join our team:
We help you be your best through professional development opportunities, interesting work and supportive leaders. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Senior XOL Technician in Witham employer: Dormont Manufacturing Co
At Guy Carpenter, we pride ourselves on being an exceptional employer, offering a vibrant and inclusive work culture that fosters professional growth and development. Located in Witham, our hybrid working model allows for flexibility while ensuring you are supported by talented colleagues and leaders who are committed to your success. With a focus on meaningful work and a range of benefits designed to enhance your well-being, joining our team as a Senior XOL Technician means becoming part of a dynamic environment where your contributions truly make an impact.
StudySmarter Expert Advice🤫
We think this is how you could land Senior XOL Technician in Witham
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Dormont Manufacturing Co). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Dormont Manufacturing Co. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior XOL Technician in Witham
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Dormont Manufacturing Co.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Dormont Manufacturing Co. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Dormont Manufacturing Co
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Dormont Manufacturing Co to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Dormont Manufacturing Co, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Dormont Manufacturing Co's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
