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- 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: Professional development, inclusive environment, and a range of career opportunities.
- Other info: Hybrid role with flexible working arrangements and a commitment to diversity.
- Why this job: Make an impact in the reinsurance sector while working with talented colleagues.
- 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 Witham employer: Guy Carpenter
Contact Detail:
Guy Carpenter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior XOL Technician in Witham
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance sector, especially those who know about Excess of Loss. A friendly chat can lead to insider info on 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. We want to see that you're not just knowledgeable but also passionate about the role!
✨Tip Number 3
Showcase your Excel skills! Be ready to demonstrate how you've used Excel in past 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 XOL Technician in Witham
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 for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
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 (XOL) knowledge before the interview. Be ready to discuss your previous experiences in detail, especially any specific cases where you managed client portfolios or handled claims. This will show that you’re not just familiar with the terminology but can also apply it practically.
✨Excel Skills Are Key
Since this role requires competent Excel skills, practice using Excel functions and features relevant to data analysis and reporting. Bring examples of how you've used Excel in past roles to streamline processes or improve accuracy in transactional processing. This will demonstrate your technical proficiency.
✨Build Rapport with Interviewers
During the interview, focus on building a connection with your interviewers. Discuss your approach to maintaining relationships with brokers and clients, and share any success stories. This will highlight your interpersonal skills and show that you understand the importance of collaboration in the reinsurance sector.
✨Prepare Questions About the Role
Have a few thoughtful questions ready about the Senior XOL Technician role and the team dynamics at Guy Carpenter. Ask about their expectations for the first few months or how they measure success in this position. This shows your genuine interest in the role and helps you assess if it's the right fit for you.