Senior Reinsurance Technician (XOL) in Witham
Senior Reinsurance Technician (XOL)

Senior Reinsurance Technician (XOL) in Witham

Witham Full-Time 45000 - 55000 £ / year (est.) Home office (partial)
Guy Carpenter

At a Glance

  • Tasks: Manage client portfolios and support reinsurance processes with accuracy and efficiency.
  • Company: Join Guy Carpenter, a leader in the reinsurance industry with a supportive culture.
  • Benefits: Enjoy professional development, flexible hybrid work, and a vibrant team environment.
  • Other info: Diverse and inclusive workplace with opportunities for career advancement.
  • Why this job: Make an impact in the reinsurance sector while growing your skills and career.
  • Qualifications: Experience in insurance/reinsurance 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:

  • 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:

  • 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.

We are 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 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 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.

Senior Reinsurance Technician (XOL) in Witham employer: Guy Carpenter

At Guy Carpenter, we pride ourselves on being an exceptional employer, offering a vibrant and inclusive work culture that fosters professional development and collaboration. Located in Witham, our hybrid work model allows for flexibility while ensuring meaningful connections with talented colleagues. We are dedicated to supporting your growth through diverse career opportunities and a comprehensive benefits package, making us an ideal choice for those seeking a rewarding career in the reinsurance sector.
Guy Carpenter

Contact Detail:

Guy Carpenter Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Reinsurance Technician (XOL) in Witham

✨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 Excel in previous roles, especially for managing claims and premiums. We love seeing candidates who can leverage tech to streamline processes.

✨Tip Number 4

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. Don’t miss out on this opportunity!

We think you need these skills to ace Senior Reinsurance Technician (XOL) in Witham

Reinsurance Experience
Excess of Loss (XOL) Knowledge
Transactional Processing
Client Portfolio Management
Broker Relationship Management
Excel Skills
Microsoft Office Proficiency
Technical Account Structure Knowledge
London Market Systems Experience
CLASS System Knowledge
Letters Of Credit Understanding
Citibank Process Familiarity
Workload Management
Training and Development Participation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your Reinsurance experience, especially in Excess of Loss. We want to see how your skills match the role, so don’t be shy about showcasing relevant achievements!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re excited about joining our Client Services Support team and how your background makes you a perfect fit for the Senior XOL Technician role.

Show Off Your Excel Skills: Since competent Excel skills are a must, consider mentioning specific projects where you’ve used Excel effectively. We love seeing how you can manage data and streamline processes!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity with StudySmarter!

How to prepare for a job interview at Guy Carpenter

✨Know Your Reinsurance Stuff

Make sure you brush up on your knowledge of Excess of Loss (XOL) and the specific processes involved. Be ready to discuss your previous experience in handling cash loss and large loss claims, as this will show that you understand the technicalities of the role.

✨Excel Skills Are Key

Since you'll be dealing with a lot of data, ensure you're comfortable with Excel and other Microsoft Office applications. Practise using formulas, pivot tables, and data analysis tools so you can confidently demonstrate your skills during the interview.

✨Showcase Your Relationship-Building Skills

This role involves managing client portfolios and maintaining relationships with brokers and clients. Prepare examples of how you've successfully built and maintained professional relationships in the past, as this will highlight your interpersonal skills.

✨Be Ready for Technical Questions

Expect questions about London Market systems like LORS and IMR, as well as the CLASS system. Familiarise yourself with these systems and be prepared to discuss how you've used them in your previous roles or how you plan to learn them quickly.

Senior Reinsurance Technician (XOL) in Witham
Guy Carpenter
Location: Witham

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