At a Glance
- Tasks: Manage client portfolios and support reinsurance processes with accuracy and efficiency.
- Company: Join Guy Carpenter, a leader in the reinsurance sector with a vibrant culture.
- Benefits: Enjoy professional development, a supportive environment, and a range of career opportunities.
- Other info: Hybrid role with a focus on collaboration and inclusivity.
- Why this job: Make an impact in a dynamic team while developing your skills in reinsurance.
- Qualifications: Experience in Excess of Loss and strong Excel skills are essential.
The predicted salary is between 45000 - 55000 € per year.
We are seeking an experienced 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 Senior XOL Technician, you will support our client base through transactional processing, securing reinsurance recoveries through timely and accurate system entry. For this role, you will need to have proven reinsurance experience, specifically within Excess of Loss.
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:
- Demonstrable experience within Excess of Loss (XOL) - essential.
- 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 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. Guy Carpenter is an equal opportunities employer. We are committed to providing reasonable adjustments for candidates with disabilities to fully participate in the recruitment process.
Senior XOL Technician in Essex employer: Guy Carpenter
At Guy Carpenter, we pride ourselves on being an excellent employer by offering a vibrant and inclusive work culture that encourages professional development and collaboration. Located in Witham, our hybrid working model allows for flexibility while ensuring you are supported by talented colleagues and leaders who are committed to your growth. With a focus on well-being and a range of career opportunities, joining our Client Services Support team as a Senior XOL Technician means becoming part of a company that values your contributions and fosters meaningful relationships within the reinsurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior XOL Technician in Essex
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance sector, especially those who work with Excess of Loss. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss your experience with XOL and how you've managed client portfolios in the past. We want to see that you're ready to hit the ground running!
✨Tip Number 3
Showcase your Excel skills! Be ready to demonstrate how you've used spreadsheets to manage data or analyse claims. We love seeing candidates who can leverage tech to streamline processes.
✨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 genuinely interested in joining our team at Guy Carpenter.
We think you need these skills to ace Senior XOL Technician in Essex
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in Excess of Loss and reinsurance. We want to see how your skills match the role, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Senior XOL Technician role. Share specific examples of your past work that relate to the job description.
Show Off Your Excel Skills:Since competent Excel skills are a must-have, consider mentioning any specific projects or tasks where you’ve used Excel effectively. We love seeing how you can manage data and make it work for you!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Guy Carpenter
✨Know Your XOL Inside Out
Make sure you brush up on your Excess of Loss knowledge before the interview. Be ready to discuss specific cases you've handled and how your experience aligns with the role. This will show that you're not just familiar with the terminology, but that you can apply it in real-world scenarios.
✨Excel Skills Are Key
Since this role requires competent Excel skills, be prepared to demonstrate your proficiency. You might be asked about how you've used Excel in previous roles, so think of examples where you've created reports or managed data effectively. If you can, practice some common Excel functions beforehand!
✨Build Rapport with Your Interviewers
Remember, this role involves a lot of relationship management. During the interview, try to connect with your interviewers by asking them about their experiences at Guy Carpenter. This not only shows your interest in the company culture but also helps you gauge if it's the right fit for you.
✨Prepare for Technical Questions
Expect some technical questions related to reinsurance processes and systems like LORS and CLASS. Brush up on these topics and be ready to explain how you've used them in your past roles. Showing that you have a solid understanding of these systems will set you apart from other candidates.
