At a Glance
- Tasks: Manage reinsurance recoveries and support the wider reinsurance function.
- Company: Join a dynamic Lloyd's syndicate with a collaborative team culture.
- Benefits: Gain valuable experience in a fast-paced environment with potential for growth.
- Other info: This is a 12-month fixed-term contract with opportunities for professional development.
- Why this job: Perfect for detail-oriented individuals looking to make an impact in reinsurance.
- Qualifications: Strong understanding of reinsurance processes and excellent communication skills required.
The predicted salary is between 36000 - 60000 £ per year.
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Direct message the job poster from Eames Consulting
We’re currently working with a Lloyd’s syndicate on the appointment of two Outwards Reinsurance Technician’s for a 12-month fixed-term contract. This role will focus on managing reinsurance recoveries across excess of loss, proportional, and facultative accounts, as well as supporting the wider reinsurance function.
Key Responsibilities
- Administer recoveries, premium adjustments, profit commission, and NCB calculations.
- Issue, track, and reconcile collection notes in line with contract terms.
- Handle collection and payment processes, including aged debt management.
- Prepare risk and claims bordereaux and renewal presentations.
- Respond to broker and reinsurer queries promptly.
- Maintain accurate reinsurance records in internal systems.
- Review work from external service providers and produce management reports.
What We’re Looking For
- Strong understanding of reinsurance processes.
- Excellent attention to detail and organisational skills.
- Confident communicator with stakeholders at all levels.
This is an excellent opportunity to join a busy, collaborative team and contribute to the smooth delivery of our client’s reinsurance operations.
Seniority level
Seniority level
Mid-Senior level
Employment type
Employment type
Contract
Job function
Job function
General BusinessIndustries
Insurance
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#J-18808-LjbffrReinsurance Technician (12 Month FTC) in London employer: Eames Consulting
Eames Consulting is an exceptional employer that fosters a collaborative and innovative work culture, ideal for actuaries looking to make a significant impact in portfolio management. With a strong emphasis on employee growth, we offer ample opportunities for professional development and mentorship, all while enjoying the vibrant atmosphere of London. Our competitive salary package and hybrid working model ensure a balanced and rewarding work experience.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technician (12 Month FTC) in London
✨Tip Number 1
Familiarise yourself with the specific reinsurance processes mentioned in the job description. Understanding excess of loss, proportional, and facultative accounts will give you a solid foundation to discuss during interviews.
✨Tip Number 2
Brush up on your organisational skills by practising how to manage multiple tasks efficiently. Since the role involves handling recoveries and premium adjustments, being able to demonstrate your ability to juggle these responsibilities will impress potential employers.
✨Tip Number 3
Prepare to showcase your communication skills by thinking of examples where you've effectively interacted with stakeholders. This could be through resolving queries or collaborating on projects, as strong communication is key for this role.
✨Tip Number 4
Research the company and its reinsurance operations thoroughly. Being knowledgeable about their specific practices and challenges will allow you to ask insightful questions and show your genuine interest during the interview process.
We think you need these skills to ace Reinsurance Technician (12 Month FTC) in London
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities of a Reinsurance Technician. Familiarise yourself with terms like recoveries, premium adjustments, and bordereaux to demonstrate your knowledge in your application.
Tailor Your CV:Highlight relevant experience in reinsurance or similar fields in your CV. Use specific examples that showcase your attention to detail, organisational skills, and ability to communicate effectively with stakeholders.
Craft a Compelling Cover Letter:Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention how your skills align with the key responsibilities listed in the job description.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter. Look for any spelling or grammatical errors, as these can detract from your professionalism and attention to detail.
How to prepare for a job interview at Eames Consulting
✨Know Your Reinsurance Basics
Make sure you have a solid understanding of reinsurance processes, including excess of loss, proportional, and facultative accounts. Brush up on key terms and concepts, as this will help you answer technical questions confidently.
✨Showcase Your Attention to Detail
Since the role requires excellent attention to detail, prepare examples from your past experiences where your meticulousness made a difference. This could be in managing records or handling complex calculations.
✨Prepare for Stakeholder Communication
As a confident communicator, think about how you can demonstrate your ability to engage with stakeholders at all levels. Prepare scenarios where you've successfully managed queries or resolved issues with brokers or reinsurers.
✨Familiarise Yourself with Management Reporting
Understanding how to review work from external service providers and produce management reports is crucial. Be ready to discuss any relevant experience you have in preparing reports or analysing data.
