At a Glance
- Tasks: Manage complex reinsurance programmes and ensure accurate claims analysis and premium calculations.
- Company: Leading reinsurance firm in the heart of London with a dynamic team.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative environment focused on innovation and continuous learning.
- Why this job: Join a pivotal role in reinsurance and make a real impact in the industry.
- Qualifications: Experience in ceded reinsurance and strong communication skills required.
The predicted salary is between 60000 - 75000 £ per year.
We are currently hiring for a Senior Reinsurance Technician in our London office to provide senior operational support to our Ceded Reinsurance function, managing complex programmes, claims analysis, premium calculations and recoveries while ensuring post-placement activities are completed accurately and efficiently.
What You’ll Be Doing
- Reinsurance Programme Management: Oversee and manage Excess of Loss reinsurance contracts, ensuring accuracy and compliance across all activities.
- Premiums and Financial Calculations: Produce premium adjustment statements, calculate QPD returns and monitor aged debt to support financial integrity and reporting.
- Claims and Recoveries Oversight: Identify recoverable claims, issue settlement requests and support facultative recovery processes.
- Stakeholder & Broker Engagement: Liaise with underwriters, finance, claims teams, brokers and reinsurers to ensure effective communication and delivery.
- Systems & Process Improvement: Maintain contract data across systems and contribute to reporting, controls, projects and new system implementations.
What We’re Looking For
- Reinsurance Expertise: Strong understanding of ceded reinsurance operations within the Lloyd’s and London Market.
- Proven Experience: Significant experience in a ceded reinsurance role, with exposure to both Lloyd’s and non-Lloyd’s environments beneficial.
- Technical Capability: Good working knowledge of reinsurance systems such as Subscribe, Senator and XLRAS, alongside Microsoft Office tools.
- Leadership & Communication: Ability to lead, influence and communicate effectively with internal and external stakeholders.
- Collaborative & Accountable Mindset: A proactive, collaborative approach with a focus on continuous learning, innovation and accountability.
Senior Reinsurance Technician in London employer: Edenbrook
Join our dynamic team in London as a Senior Reinsurance Technician, where we prioritise employee growth and development within a collaborative work culture. We offer competitive benefits, including opportunities for professional advancement and a supportive environment that encourages innovation and accountability, making us an excellent employer for those seeking meaningful and rewarding careers in the reinsurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reinsurance Technician in London
✨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 Edenbrook). 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 Edenbrook. 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 Reinsurance Technician in London
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 Edenbrook.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Edenbrook. 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 Edenbrook
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Edenbrook 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 Edenbrook, 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 Edenbrook'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.
