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For Companies At a Glance
- Tasks: Lead reinsurance activities, manage relationships, and ensure accurate contract handling.
- Company: Join Tokio Marine HCC, a top global specialty insurer with a commitment to innovation.
- Benefits: Enjoy competitive salary, employee benefits, and a dynamic work environment.
- Why this job: Be part of a team that values creativity, growth, and making a real impact.
- Qualifications: Experience in insurance/reinsurance, strong communication skills, and a proactive mindset required.
- Other info: We celebrate diversity and are an equal opportunity employer.
The predicted salary is between 43200 - 72000 £ per year.
Senior Reinsurance Technician page is loaded
Senior Reinsurance Technician
Apply locations UK – London ( St Botolph ) time type Full time posted on Posted 14 Days Ago job requisition id 2025-626
Job Title: Senior Reinsurance Technician
Reporting to: Head of RI Operations
Position Type: Permanent, full time
Overview:
Why Tokio Marine HCC?
Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose:
Act as a key business partner on the Underwriting Line of Business assigned and be accountable for leading all outwards post placement activity ensuring contracts are captured accurately in outwards system and collections are notified to brokers in a timely manner
Key Responsibilities:
- Play a Lead role in assisting and developing the RI Technicians in the team
- Build relationships with and drive performance of all applicable RI brokers
- Manage and enhance the relationships with internal stakeholders including Underwriters & Finance
- Understand and create reinsurance contracts in outwards systems
- Initiate settlement of reinsurance premium to broker and carrier with credit control team
- Identification and calculation of reinsurance recoveries within reinsurance systems including reconciliations to Finance outputs
- Submit accurate and timely statements, advices and collection notes to brokers and reinsurers
- Identify potential improvements to processes and services
Performance Objectives:
Ownership and accountability for Line of business:
- Timely and accurate booking and payment of reinsurance premium in accordance with contractual terms including contract adjustments and maintenance
- Ensure RI brokers are settling all transactions to reinsurers in a timely fashion
- Build relations with all internal stakeholders
- Issuance and monitoring of reinsurance claim collection notes as per contract terms and conditions including query resolution
- Ensure accurate recording of transactions in ORI administration system and onwards reporting
- Drive continuous process improvements through standardisation, automation and elimination
Skills and Experience Specification:
Essential:
The successful candidate will require knowledge and experience gained through working for an Insurance/Reinsurance Syndicate, Company or Broker.
- Experience, knowledge and In-depth understanding of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective
- Confidant, articulate and experienced in dealing with internal & external stakeholders
- Methodical approach to problem solving and decision making
- Customer focus and service mentality
- Focus on execution and timely delivery of quality outputs
- Self-motivated, can-do attitude and pro-active mindset
- Works well as part of a team and on individual tasks
- Strong verbal and written communication skills, ability and confidence to challenge existing procedures & use of system
- Strong computer skills – knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint
Desirable:
- Strong leadership skills
- Industry recognised qualifications
- Continuous improvement experience
- Language skills
- Experience with Marine Reinsurance
What We Offer
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
#LI-CL1
Your success is our priority. In a world that is rapidly changing, TMHCC enables you to take on opportunities with confidence.
At Tokio Marine HCC, we pride ourselves on hiring the smartest, most conscientious people, who want to
make a difference no matter their background. And then we give them the support and trust they need.
We’re always looking for curious, creative transformative thinkers who want to change the status quo
and have a passion for doing the right thing. If this is you, then we want you on our team.
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Senior Reinsurance Technician employer: HCC Service Co. UK Branch
Contact Detail:
HCC Service Co. UK Branch Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the specific reinsurance processes and systems used by Tokio Marine HCC. Understanding their operational framework will help you demonstrate your knowledge during interviews and show that you're ready to hit the ground running.
✨Tip Number 2
Network with current or former employees of Tokio Marine HCC on platforms like LinkedIn. Engaging with them can provide you with insider insights about the company culture and expectations, which can be invaluable in your application process.
✨Tip Number 3
Brush up on your leadership skills and be prepared to discuss examples of how you've successfully led teams or projects in the past. This role requires strong leadership, so showcasing your experience in this area will set you apart from other candidates.
✨Tip Number 4
Stay updated on the latest trends and changes in the insurance and reinsurance markets, especially from a Lloyd’s perspective. Being knowledgeable about current events will not only help you in interviews but also demonstrate your commitment to the industry.
We think you need these skills to ace Senior Reinsurance Technician
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Senior Reinsurance Technician position. Understand the key responsibilities and required skills, as this will help you tailor your application.
Tailor Your CV: Customise your CV to highlight relevant experience in insurance or reinsurance. Emphasise your knowledge of the market, your problem-solving skills, and any leadership experience that aligns with the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the industry and your understanding of Tokio Marine HCC's values. Mention specific experiences that demonstrate your ability to meet the job requirements and how you can contribute to their team.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the insurance sector.
How to prepare for a job interview at HCC Service Co. UK Branch
✨Understand the Reinsurance Landscape
Make sure you have a solid grasp of the reinsurance market, especially from a Lloyd’s perspective. Familiarise yourself with current trends and challenges in the industry, as this will help you engage in meaningful discussions during the interview.
✨Showcase Your Technical Skills
Be prepared to demonstrate your proficiency in tools like Microsoft Excel, particularly with Pivot Tables and V-Lookups. You might be asked to solve a problem or analyse data, so brush up on these skills before the interview.
✨Highlight Your Relationship Management Experience
Since the role involves building relationships with brokers and internal stakeholders, think of examples where you've successfully managed such relationships. Be ready to discuss how you’ve driven performance and resolved conflicts in the past.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and decision-making process. Prepare scenarios from your previous experience where you had to tackle challenges, especially those related to reinsurance contracts and premium settlements.
