Premium Processing & Reinsurance Operations Specialist
Premium Processing & Reinsurance Operations Specialist

Premium Processing & Reinsurance Operations Specialist

Full-Time 40000 - 50000 ÂŁ / year (est.) No home office possible
Gallagher Re

At a Glance

  • Tasks: Join our team to process premium operations and collaborate on innovative reinsurance projects.
  • Company: Gallagher Re, a leader in reinsurance with a focus on analytics and strategic advisory.
  • Benefits: Enjoy 25+ days holiday, health plans, and opportunities for career growth.
  • Why this job: Make a real impact in the reinsurance industry while developing your skills.
  • Qualifications: Experience in premium processing and strong communication skills are essential.
  • Other info: Inclusive workplace with a commitment to diversity and community support.

The predicted salary is between 40000 - 50000 ÂŁ per year.

At Gallagher Re, we bring clarity to complexity by helping clients around the world make confident, data-driven decisions in a rapidly evolving risk landscape. Here, you’ll be part of a team that leverages world-class analytics and deep reinsurance expertise to deliver strategic advisory services and transactional excellence. Together, we transform advanced insights and market intelligence into strategies that protect businesses, drive performance, and shape the future of reinsurance.

We’re a community of decision makers, future shapers, and trusted experts working side by side to deliver meaningful impact through innovative thinking and practical solutions. At Gallagher Re, your curiosity is welcomed, your growth is championed, and your work truly matters. This is a place where you’ll have the freedom to explore new ideas, take ownership of your career, and collaborate with people who are as driven and inquisitive as you are.

Join Technical Operations Division as a Technician in London! Are you ready to take the next step in your career? We’re growing our team and investing in our knowledge base, and we are looking for a dedicated individual to join us. If you have solid understanding and experience with the structure and format of slips, cover letters, and invoices, you could be exactly who we’re looking for!

How you’ll make an impact:

  • Leading the end-to-end activity of all processing.
  • Demonstrating a solid grasp of slips, cover notes, and Market Reform Contracts (MRC).
  • Applying your technical reinsurance knowledge and understanding of the industry and its regulations.
  • Working with the Bureau (Velonetic) on accounting and settlement (A&S) protocols.
  • Using XIS systems such as A&S, Insurance Portal, Account Enquiry, and CASA.
  • Supporting premium processing activities, including eBot and LORS (advantageous).
  • Handling a variety of business types, including Excess of Loss, Treaty, Facultative business, Line Slips, Binding Authorities, and Consortiums.
  • Collaborating with the Accounting and Credit Control Team to reconcile and collect premiums, minimising funding and bad debt.
  • Working in conjunction with the Compliance and Regulatory Team to ensure trading partners meet sanction and licensing rules.

About You:

  • Extensive experience in premium processing and technical reinsurance.
  • Knowledge of tax and VAT requirements related to premium processing.
  • A working understanding of financial aspects of the premium process.
  • Strong computer skills and the ability to learn new systems.
  • Excellent verbal and written communication skills.
  • A high level of attention to detail and accuracy.
  • Proven skill in problem-solving, prioritising tasks, and bringing up non-routine issues when necessary.
  • A positive, tenacious attitude and a willingness to go above and beyond.
  • Eligibility to work in the UK.

Compensation and benefits:

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

  • Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days.
  • Defined contribution pension scheme, which Gallagher will also contribute to.
  • Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
  • Income protection, we’ll cover up to 50% of your annual income, with options to top up.
  • Health cash plan or Private medical insurance.
  • Other benefits include:
  • Three fully paid volunteering days per year.
  • Employee Stock Purchase plan, offering company shares at a discount.
  • Share incentive plan, HMRC approved, tax effective, stock purchase plan.
  • Critical illness cover.
  • Discounted gym membership, with over 3,000 gyms nationally.
  • Season ticket loan.
  • Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
  • Emergency back-up family care.
  • And many more…

We value inclusion and diversity:

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities. We understand that applicants may have disabilities; if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know. Should you require reasonable adjustments to your application, please get in touch with TAGlobalSupport@ajg.com. If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities. Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

Premium Processing & Reinsurance Operations Specialist employer: Gallagher Re

Gallagher Re is an exceptional employer that fosters a collaborative and innovative work culture, where your contributions are valued and your professional growth is actively supported. Located in London, we offer a competitive salary alongside a comprehensive benefits package, including generous holiday allowances, health plans, and opportunities for employee stock ownership. Join us to be part of a diverse community dedicated to making a meaningful impact in the reinsurance industry.
Gallagher Re

Contact Detail:

Gallagher Re Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Premium Processing & Reinsurance Operations Specialist

✨Tip Number 1

Network like a pro! Reach out to people in the reinsurance industry on LinkedIn or at events. A friendly chat can open doors that a CV just can't.

✨Tip Number 2

Prepare for interviews by researching Gallagher Re and its operations. Show us you understand our mission and how your skills fit into our team. We love candidates who are genuinely interested!

✨Tip Number 3

Practice your problem-solving skills! Be ready to tackle real-world scenarios during interviews. We want to see how you think on your feet and handle challenges.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re serious about joining our team.

We think you need these skills to ace Premium Processing & Reinsurance Operations Specialist

Premium Processing
Technical Reinsurance Knowledge
Understanding of Slips and Cover Notes
Market Reform Contracts (MRC)
Accounting and Settlement Protocols
XIS Systems (A&S, Insurance Portal, Account Enquiry, CASA)
Collaboration with Accounting and Credit Control Team
Knowledge of Tax and VAT Requirements
Financial Aspects of Premium Process
Strong Computer Skills
Verbal and Written Communication Skills
Attention to Detail
Problem-Solving Skills
Prioritisation Skills
Adaptability

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Premium Processing & Reinsurance Operations Specialist role. Highlight your experience with slips, cover letters, and invoices, as well as any relevant technical reinsurance knowledge. We want to see how you fit into our team!

Show Off Your Skills: Don’t hold back on showcasing your strong computer skills and attention to detail. Mention any specific systems you've worked with, like XIS or eBot, and how you've used them in past roles. This will help us see your potential impact at Gallagher Re.

Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's relevant to the role. We appreciate a well-structured application that makes it easy for us to understand your qualifications.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, it shows us you're serious about joining our community at Gallagher Re!

How to prepare for a job interview at Gallagher Re

✨Know Your Slips Inside Out

Make sure you have a solid understanding of slips, cover notes, and Market Reform Contracts (MRC). Brush up on the structure and format of these documents, as they are crucial in the role. Being able to discuss them confidently will show your technical expertise.

✨Familiarise Yourself with Key Systems

Get to grips with the XIS systems mentioned in the job description, like A&S and Insurance Portal. If you can demonstrate familiarity with these tools during your interview, it’ll give you a significant edge and show that you're ready to hit the ground running.

✨Showcase Your Problem-Solving Skills

Prepare examples of how you've tackled non-routine issues in past roles. Gallagher Re values a positive attitude and tenacity, so sharing specific instances where you’ve gone above and beyond will highlight your fit for the team.

✨Communicate Clearly and Confidently

Since excellent verbal and written communication skills are essential, practice articulating your thoughts clearly. Consider doing mock interviews with a friend or using online resources to refine your delivery and ensure you come across as confident and articulate.

Premium Processing & Reinsurance Operations Specialist
Gallagher Re

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