At a Glance
- Tasks: Manage treaty business processing and ensure accuracy in documentation and compliance.
- Company: Join leading Lloyd's Broking houses with a dynamic and supportive environment.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Mentorship opportunities available to support your career development.
- Why this job: Be a key player in the reinsurance industry and enhance your technical expertise.
- Qualifications: 3+ years in reinsurance, proficient in Lloyd's systems, and strong attention to detail.
The predicted salary is between 31500 - 38500 £ per year.
- Senior Reinsurance Technician x2
- City of London - Hybrid
- Lloyd's Broking houses
I am currently working with 2 different Lloyd's Broking houses, who are both seeking similar experience.
The roles sit in their Treaty departments, and will be a point of contact for the teams they support.
Key Responsibilities
- Manage the end-to-end technical processing of treaty business, from placement through to post-bind administration and renewal.
- Prepare, review and process treaty slips, endorsements, contracts, schedules, premiums, claims and related documentation, ensuring accuracy and compliance with agreed terms.
- Liaise closely with brokers, underwriters, clients, producing brokers and internal teams to resolve technical queries and ensure timely processing.
- Maintain accurate and up-to-date treaty records, systems and documentation, ensuring all information is captured in accordance with internal procedures and Lloyd's requirements.
- Process and reconcile premiums, commissions, brokerage, fees and other financial transactions, investigating and resolving discrepancies where required.
- Support the preparation and processing of premium and claims bordereaux, statements of account and technical accounting information.
- Review treaty documentation against placing instructions and underwriting terms, identifying discrepancies and escalating issues appropriately.
- Coordinate endorsements and amendments throughout the life of the treaty, ensuring changes are accurately reflected across relevant systems and documentation.
- Monitor outstanding technical and accounting items, proactively following up with relevant parties to ensure timely resolution.
- Provide technical support to brokers and account executives during placement, renewal and post-bind processes.
- Work closely with Lloyd's, carriers, MGAs, reinsurers and third-party service providers where required to facilitate smooth treaty processing.
- Assist with renewals, ensuring prior-year information, contractual changes, documentation and technical data are accurately prepared and processed.
- Ensure all activities are carried out in line with Lloyd's market practices, regulatory requirements, company procedures and delegated authority controls, where applicable.
- Identify opportunities to improve processes, data quality and operational efficiency, contributing to the development of technical workflows and best practice.
- Support and mentor junior technicians, providing guidance on complex treaty transactions and technical processes.
- Act as a subject-matter expert on treaty technical processing, taking ownership of more complex or high-value accounts.
Experience required
- Minimum of 3+ years in a technical reinsurance role
- Proficient in Lloyd's systems such as IMR, LORS
- Experience processing Treaty accounts, creating slips and endorsements.
Senior Reinsurance Technician in London employer: HFG Insurance Recruitment
Join a leading reinsurance business in London, where you will be part of a dynamic team dedicated to compliance and financial crime prevention. With a strong focus on employee development, we offer opportunities for growth and advancement while fostering a collaborative work culture that values your expertise. Enjoy the unique advantage of working in one of the world's financial hubs, with the flexibility of a hybrid work model that promotes work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reinsurance Technician in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like HFG Insurance Recruitment). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like HFG Insurance Recruitment. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Reinsurance Technician in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at HFG Insurance Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HFG Insurance Recruitment. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at HFG Insurance Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HFG Insurance Recruitment to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at HFG Insurance Recruitment, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding HFG Insurance Recruitment's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
