At a Glance
- Tasks: Manage client portfolios and handle technical duties in a dynamic reinsurance environment.
- Company: Join a vibrant team at a leading reinsurance firm with a supportive culture.
- Benefits: Enjoy professional development, competitive rewards, and a focus on well-being.
- Other info: Hybrid role with opportunities for career growth and learning.
- Why this job: Make an impact while working with talented colleagues on innovative solutions.
- Qualifications: Experience in Excess of Loss and strong Excel skills are essential.
The predicted salary is between 45000 - 55000 £ per year.
Overview: Senior XOL Technician based in Witham. This is a hybrid role requiring at least three days per week in the office.
Responsibilities:
- 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:
- Demonstrable experience within Excess of Loss (XOL) - essential.
- Insurance/Reinsurance Premium/Claims experience, i.e.; 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 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.
Note: All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify an anchor day each week when the full team is together in person.
Senior Xol Technician in Witham employer: GB001 Marsh Ltd
Marsh is an exceptional employer that prioritises professional development and fosters a vibrant, inclusive culture. With a focus on client service excellence and a commitment to employee well-being, we offer a hybrid working model that allows for flexibility while ensuring collaboration with talented colleagues. Our extensive resources and global reach provide ample opportunities for career growth and meaningful impact in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Xol Technician in Witham
✨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 GB001 Marsh Ltd). 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 GB001 Marsh Ltd. 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 Xol Technician in Witham
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 GB001 Marsh Ltd.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at GB001 Marsh Ltd. 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 GB001 Marsh Ltd
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at GB001 Marsh Ltd 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 GB001 Marsh Ltd, 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 GB001 Marsh Ltd'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.
