At a Glance
- Tasks: Join a close-knit team managing diverse Outwards Reinsurance processes and recoveries.
- Company: Hiscox, a company that values diversity and inclusivity.
- Benefits: Enjoy a bonus, pension, 25 days leave, and a 4-week sabbatical every 5 years.
- Other info: Be part of a supportive environment with excellent career growth opportunities.
- Why this job: Make an impact in a unique culture while balancing work and life with hybrid options.
- Qualifications: 3 years of Outwards Reinsurance experience and strong IT skills, especially in Excel.
The predicted salary is between 40000 - 50000 £ per year.
As a Reinsurance Technician you will work as part of a ‘close knit’ and very welcoming team, working on Outwards Reinsurance processes/recoveries/accruals for the Hiscox group. We are based in Colchester and we liaise with Reinsurance Purchase, Underwriters, MI, Claims and other internal teams, along with external brokers. The work we do is very diverse as we deal with Reinsurance across the whole Hiscox Group. Our goal is to continue to meet all Quarter End deadlines and collect Reinsurance Recoveries as soon as possible. We aim to keep everyone happy, as well as ourselves!
Principal Duties and Responsibilities- Group RI calculations – facultative, excess of loss and Pro Rata
- Advice / collecting notes sent to Brokers
- Cover note processing and premium payment
- Calculation of premium adjustments
- Reporting – internal and external
- Assist with system developments
- At least 3 years experience in Outwards Reinsurance.
- Ability to manage own workloads.
- Team player
- Good IT skills, including Excel
- ACII qualifications.
- Experience of dealing with all types of Reinsurance.
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. Working life doesn’t always have to be in the office, so we have introduced hybrid working to encourage a healthy work life balance. This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other. Our benefits package includes a bonus, contributory pension, 25 days annual leave plus 2 Hiscox days and a 4 week paid sabbatical with every 5 years’ worth of service, private medical for all the family and much more.
If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Outwards Reinsurance Technician in Colchester employer: Hiscox
Hiscox SA is an excellent employer, offering a dynamic work environment that fosters innovation and collaboration in the field of cyber security. With a hybrid work model, employees enjoy flexibility while benefiting from a comprehensive package that supports their professional growth and well-being. The company prioritises employee development and engagement, making it a rewarding place for those looking to make a meaningful impact in the realm of AI and risk protection.
StudySmarter Expert Advice🤫
We think this is how you could land Outwards Reinsurance Technician in Colchester
✨Network Like a Pro
Get out there and connect with people in the reinsurance industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience in Outwards Reinsurance. Share specific examples of how you've managed workloads or contributed to team success. We want to see your passion and expertise shine through!
✨Prepare for Interviews
Do your homework before any interview! Research Hiscox, understand their culture, and be ready to discuss how your skills align with their needs. We recommend practising common interview questions and preparing some thoughtful questions of your own to show you're genuinely interested.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly. Let’s build a brilliant future together!
We think you need these skills to ace Outwards Reinsurance Technician in Colchester
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in Outwards Reinsurance. We want to see how your skills align with the role, so don’t be shy about showcasing relevant projects or achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re excited about the position and how you can contribute to our team. Keep it friendly and professional – we love a personal touch!
Showcase Your Team Spirit:Since we’re all about teamwork here at Hiscox, make sure to mention any collaborative experiences you’ve had. We want to know how you work with others and contribute to a positive team environment.
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 Hiscox
✨Know Your Reinsurance Basics
Make sure you brush up on your knowledge of outwards reinsurance processes, including facultative and excess of loss calculations. Being able to discuss these topics confidently will show that you're not just familiar with the terminology but also understand how they apply in real scenarios.
✨Showcase Your Team Spirit
Since the role involves working closely with various teams, be prepared to share examples of how you've successfully collaborated in the past. Highlighting your ability to work well with others will resonate with the company's emphasis on a close-knit team environment.
✨Demonstrate Your IT Skills
Given the importance of IT skills in this role, especially Excel, be ready to discuss your experience with relevant software. You might even want to mention any specific projects where you used these skills to solve problems or improve processes.
✨Ask Insightful Questions
Prepare some thoughtful questions about the team's dynamics, the hybrid working model, or the types of reinsurance the company deals with. This shows your genuine interest in the role and helps you gauge if it's the right fit for you.
