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- Tasks: Join us as a Reinsurance Technician, supporting insurance clients in London.
- Company: Be part of a dynamic team in the heart of the city, focused on reinsurance solutions.
- Benefits: Enjoy a permanent role with competitive salary discussions and potential perks.
- Why this job: Gain valuable experience in reinsurance while working collaboratively in a supportive environment.
- Qualifications: 3 years in reinsurance or insurance claims/accounting support required.
- Other info: Familiarity with reinsurance treaties is a plus; strong numeracy and communication skills essential.
The predicted salary is between 36000 - 60000 £ per year.
Reinsurance Technician
We are looking for a Reinsurance Technician to join us on a permanent basis. You will be supporting our insurance clients based in the city of London.
Key Responsibilities:
- Assist in preparing and submitting inwards transactions, calculating what is due by applying treaty terms (retention, cession & commission).
- Process bordereaux and statements of account; maintain accurate records.
- Input and track ceded premiums, reinstatement premiums, and recoveries.
- Support team in reserving processes, loss recoveries, and reconciliation with finance.
- Communicate with underwriters, brokers, and reinsurers to clarify coverage and documentation.
- Monitor treaty expiry, commission schedules, and compliance with SLAs.
Skills & Experience:
- 3 years in reinsurance or insurance claims/accounting support.
- Familiarity with reinsurance treaties (quota share, excess-of-loss).
- Strong numeracy, attention to detail, and analytical ability.
- Excellent communication and teamwork skills.
Salary to be discussed.
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Ceded/Outwards Reinsurance Technician employer: G MASS
Contact Detail:
G MASS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ceded/Outwards Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the specific types of reinsurance treaties mentioned in the job description, such as quota share and excess-of-loss. Understanding these concepts will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those working in London. Attend relevant events or join online forums to connect with potential colleagues and gain insights into the company culture at StudySmarter.
✨Tip Number 3
Brush up on your analytical skills by practising calculations related to ceded premiums and reinstatement premiums. Being able to demonstrate your numerical proficiency can set you apart from other candidates.
✨Tip Number 4
Prepare for potential interview questions by thinking about your past experiences in reinsurance or insurance claims. Be ready to discuss specific examples that highlight your attention to detail and teamwork skills, as these are crucial for the role.
We think you need these skills to ace Ceded/Outwards Reinsurance Technician
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reinsurance Technician. Familiarise yourself with key terms like treaty terms, bordereaux, and SLAs to demonstrate your knowledge in your application.
Tailor Your CV: Highlight your relevant experience in reinsurance or insurance claims/accounting support. Be specific about your previous roles and how they relate to the responsibilities listed in the job description.
Craft a Compelling Cover Letter: Use your cover letter to explain why you're a great fit for the role. Mention your familiarity with reinsurance treaties and your strong numeracy skills. Make it personal and show your enthusiasm for the position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter. Check for any spelling or grammatical errors, as attention to detail is crucial in this field. A polished application reflects your professionalism.
How to prepare for a job interview at G MASS
✨Know Your Reinsurance Basics
Make sure you brush up on your knowledge of reinsurance treaties, especially quota share and excess-of-loss. Being able to discuss these concepts confidently will show that you understand the core responsibilities of the role.
✨Demonstrate Your Analytical Skills
Prepare examples from your past experience where you've successfully handled numerical data or complex calculations. Highlighting your strong numeracy and attention to detail will be crucial in this interview.
✨Showcase Your Communication Skills
Since the role involves liaising with underwriters, brokers, and reinsurers, be ready to discuss how you've effectively communicated in previous roles. Use specific examples to illustrate your teamwork and communication abilities.
✨Understand the Company's Needs
Research the company and its clients to understand their specific needs and challenges in the reinsurance sector. This will help you tailor your responses and demonstrate that you're genuinely interested in contributing to their success.
