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- Tasks: Support clients through transactional processing and manage client accounts in reinsurance.
- Company: Join Guy Carpenter, a leader in risk and reinsurance with a vibrant culture.
- Benefits: Enjoy professional development, hybrid work, and a supportive team environment.
- Why this job: Kickstart your career in reinsurance with opportunities to learn and grow.
- Qualifications: Experience in insurance or claims, and a desire to transition into reinsurance.
- Other info: Collaborative environment with diverse colleagues and excellent career progression.
The predicted salary is between 28800 - 43200 £ per year.
We are seeking a talented 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 XOL Technician, you will support our client base through transactional processing, securing reinsurance recoveries through timely and accurate system entry. Whether you have a curiosity for Reinsurance or you are looking for a change in career, this is the ideal place to learn new skills and an opportunity for you to progress. We have a number of opportunities on a permanent basis. Although Reinsurance experience would be advantageous, we are considering candidates with proven Insurance premium/claims or underwriting backgrounds who can demonstrate a desire to embark on a career in Reinsurance.
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:
- 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 within Excess of Loss (XOL)
- 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.
At Guy Carpenter, a Marsh business, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.
Reinsurance Technician (XOL) in Witham employer: GB001 Marsh Ltd
Contact Detail:
GB001 Marsh Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician (XOL) in Witham
✨Tip Number 1
Network like a pro! Reach out to people in the reinsurance industry, especially those at Guy Carpenter. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Excess of Loss (XOL) and the systems used in the London Market. Show us you’re keen to learn and ready to dive into the technical side of things!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email. It shows your enthusiasm and keeps you fresh in our minds as we make decisions.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at Guy Carpenter.
We think you need these skills to ace Reinsurance Technician (XOL) in Witham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Technician role. Highlight any relevant experience in insurance, claims, or underwriting, and don’t forget to showcase your Excel skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your enthusiasm for the role and explain why you’re keen to transition into the Reinsurance sector. Let us know what makes you tick!
Showcase Your Skills: In your application, be sure to mention any specific skills that align with the job description, like managing client portfolios or working with market systems. We love seeing candidates who can demonstrate their capabilities!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re serious about joining our team at Guy Carpenter.
How to prepare for a job interview at GB001 Marsh Ltd
✨Know Your Reinsurance Basics
Even if you’re new to reinsurance, brush up on the fundamentals. Understand key terms like Excess of Loss (XOL) and how the claims process works. This will show your enthusiasm for the role and help you engage in meaningful conversations during the interview.
✨Showcase Your Technical Skills
Make sure to highlight your Excel and Microsoft Office skills. Prepare examples of how you've used these tools in previous roles, especially if they relate to managing client accounts or processing claims. Being able to demonstrate your technical proficiency can set you apart from other candidates.
✨Prepare Questions About the Role
Think of insightful questions to ask about the XOL Technician position and the team dynamics. This shows that you’re genuinely interested in the role and helps you assess if it’s the right fit for you. Ask about training opportunities or how success is measured in the role.
✨Emphasise Your Relationship-Building Skills
Since the role involves maintaining relationships with brokers and clients, be ready to discuss your experience in building rapport. Share specific examples of how you’ve successfully managed client interactions or resolved issues in past roles, as this will demonstrate your suitability for the position.