At a Glance
- Tasks: Join a friendly team managing Outwards Reinsurance processes and support key activities.
- Company: Hiscox, a diverse and inclusive company with a welcoming culture.
- Benefits: Flexible working, hybrid model, and opportunities for professional growth.
- Other info: Great career development opportunities in a dynamic and flexible workplace.
- Why this job: Make an impact in reinsurance while enjoying a supportive team environment.
- Qualifications: Experience in outward reinsurance and strong IT skills, especially in Excel.
The predicted salary is between 35000 - 45000 £ per year.
As a Reinsurance Technician you will work as part of a close‑knit, welcoming team, handling Outwards Reinsurance processes, recoveries and accruals for the Hiscox group in Colchester. You will liaise with Reinsurance Purchase, Underwriters, MI, Claims and other internal teams, as well as external brokers, to support the group’s reinsurance activities and meet quarter‑end deadlines.
Key Responsibilities
- Group RI calculations – facultative, excess of loss and pro rata
- Prepare advice documents and collect notes sent to brokers
- Cover note processing and premium payment
- Calculate premium adjustments, profit commissions, sliding‑scale adjustments
- Reporting – internal and external
- Assist with system developments
Qualifications
- Experience in outward reinsurance
- Able to manage own workload
- Team‑player mentality
- Good IT skills, including Excel
- ACII qualifications or experience dealing with all types of reinsurance
Benefits and Working Conditions
Hiscox is committed to diversity and creating an inclusive culture. Working life is flexible, with a hybrid model that balances structure and sociability with independence and flexibility.
Outwards Reinsurance Technician in Chelmsford employer: Hiscox Inc.
Hiscox is an exceptional employer that fosters a collaborative and inclusive work environment in Colchester, where you can thrive as an Outwards Reinsurance Technician. With a strong commitment to employee development, flexible working arrangements, and a supportive team culture, you'll find ample opportunities for growth while contributing to meaningful reinsurance processes. Join us to be part of a company that values diversity and encourages a healthy work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Outwards Reinsurance Technician in Chelmsford
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Hiscox Inc.. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Outwards Reinsurance Technician in Chelmsford
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Hiscox Inc..
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Hiscox Inc.'s website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Hiscox Inc.
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Hiscox Inc..
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Hiscox Inc. will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Hiscox Inc. employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.