At a Glance
- Tasks: Manage and calculate pro-rata allocations for reinsurance contracts while ensuring accuracy and compliance.
- Company: Join a global broker with a vibrant and inclusive culture.
- Benefits: Professional development, hybrid working, and a supportive team environment.
- Why this job: Make an impact in the reinsurance industry while developing your skills.
- Qualifications: Degree in finance or related field; knowledge of reinsurance concepts required.
- Other info: Opportunity for career growth and to work with talented colleagues.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Our Client Support Services department have an opportunity for a Pro Rata Technician. This is available on a hybrid basis, offering home working for 2 days a week, with the other 3 days based in our office in Witham.
As a Pro Rata 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.
What can you expect
- Work with Reinsurance professionals across Witham and London with experience and technical knowledge.
- Gain significant experience of working within a technical capacity for a Broker
- Apply your experience and further development within a role that’s truly progressive and offers full end-to-end responsibility of a client portfolio
- Be part of a global business that works with clients of all sizes to define, design and deliver innovative solutions to better quantify and manage risk
- Free parking close to the Witham office
- Support with study towards CII qualifications and provide opportunities to help you learn and progress in your career.
- From May until the 29th of August, Guy Carpenter offers flexible ‘Finish Early Friday’ working hours, allowing employees to finish at 1PM on Fridays (providing your schedule and workload allow)
We will rely on you to
- Manage an assigned client portfolio, taking full responsibility of technical duties relating to client accounts.
- Work with Market Fiduciary to assist with collection of funds.
- Manage all Pro Rata post, brokerage receivables, funding, retention, e-trading, ad hoc reporting requests, and all transactional process steps. This is inclusive of renewals
- 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
(These skills are not essential)
- Experience within Pro Rata
- 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, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan 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 at least one “anchor day” per week on which their full team will be together in person.
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Senior Reinsurance Technician employer: Guy Carpenter
Contact Detail:
Guy Carpenter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reinsurance Technician
✨Network Like a Pro
Get out there and connect with people in the reinsurance industry! Attend events, join online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your experience with pro-rata allocations and client management. Use specific examples to demonstrate how you've tackled challenges in the past – it’ll make you stand out!
✨Prepare for the Interview
Research the company and its culture before your interview. Be ready to discuss how you can contribute to their goals, especially around enhancing service processes and team collaboration. This shows you’re not just interested in any job, but specifically in being part of their team.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Guy Carpenter.
We think you need these skills to ace Senior Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Pro Rata Reinsurance Technician role. Highlight your experience with pro-rata allocations and any relevant reinsurance concepts. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how you can contribute to our team. Don’t forget to mention your experience in client management and relationship building.
Showcase Your Communication Skills: Since strong verbal and written communication skills are key for this role, make sure your application reflects that. Use clear and concise language, and don’t shy away from showcasing any complex communications you've handled in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Guy Carpenter
✨Know Your Reinsurance Stuff
Make sure you brush up on your knowledge of reinsurance concepts, especially pro-rata allocations and Excess of Loss. Be ready to discuss how these principles apply to the role and share examples from your past experience.
✨Showcase Your Relationship Skills
Since this role involves building strong relationships with Brokers and Clients, prepare to talk about your previous experiences in client account management. Think of specific instances where you successfully resolved issues or enhanced relationships.
✨Demonstrate Your Analytical Prowess
Be prepared to showcase your analytical and problem-solving skills. You might be asked to interpret complex reinsurance contracts, so practice explaining your thought process clearly and concisely.
✨Bring Ideas for Improvement
The company values innovation and efficiency, so come armed with ideas on how to enhance processes. Think about any quick wins you've implemented in previous roles and be ready to discuss how they could apply here.