At a Glance
- Tasks: Manage treaty reinsurance processes from placement to claims settlement.
- Company: Leading London Market insurance broker with a strong international presence.
- Benefits: Competitive salary, comprehensive benefits, and excellent career progression opportunities.
- Other info: Dynamic environment with a focus on professional development.
- Why this job: Join a collaborative team and work on diverse international portfolios.
- Qualifications: Experience in treaty reinsurance and strong technical accounting skills required.
The predicted salary is between 56700 - 69300 £ per year.
Senior Treaty Technician
The Opportunity
A leading London Market insurance broker is looking to appoint an experienced Senior Treaty Technician to join its Technical Services team.
This is an excellent opportunity for an individual with strong treaty reinsurance experience to support a diverse international portfolio, taking ownership of technical processing from placement through to premium settlement, treaty accounting and claims administration.
The successful candidate will play a key role in the technical servicing of proportional treaty business, ensuring accurate documentation, premium processing, treaty accounts reconciliation and excess of loss claims handling while working closely with brokers, clients, underwriters and finance teams.
Key Responsibilities
- Process proportional treaty accounts, premium adjustments and technical accounting in accordance with treaty terms.
- Monitor and reconcile treaty accounts, ensuring accurate reporting and timely resolution of outstanding items.
- Handle Excess of Loss claims and reinstatements from first notification through to settlement.
- Produce and review technical documentation to ensure accuracy throughout the placement and post-placement process.
- Process premiums and market transactions through the broker's policy administration systems.
- Prepare client accounting documentation and market submissions.
- Monitor premium settlements, support credit control activities and liaise with finance teams to resolve outstanding balances.
- Produce management information, including premium, brokerage, claims and renewal reporting.
- Maintain accurate electronic records and ensure a complete audit trail across all business handled.
- Build strong working relationships with brokers, clients, underwriters and internal stakeholders.
- Ensure all work is completed in accordance with FCA, Lloyd's and internal compliance standards.
Requirements
- Previous London Market experience within a Broker Technician, Treaty Technician or Technical Services role.
- Strong knowledge of Proportional Treaty Reinsurance, technical accounting and premium processing.
- Experience handling treaty claims, including Excess of Loss claims and reinstatements.
- Excellent understanding of London Market documentation and post-placement processes.
- Strong organisational skills with exceptional attention to detail.
- Excellent communication skills and the ability to liaise confidently with brokers, clients and underwriters.
- Proficient in Microsoft Office, particularly Excel, Word and Outlook.
- Cert CII qualified, or working towards professional insurance qualifications, would be advantageous.
- What's on Offer
- Opportunity to join a highly regarded London Market broker with a strong international presence.
- Exposure to a broad portfolio of treaty reinsurance business across international markets.
- Collaborative and supportive technical team with excellent opportunities for career progression.
- Competitive salary and comprehensive benefits package.
Senior Treaty Technician in London employer: Jobiqo
Bromley Council is an exceptional employer, dedicated to fostering a supportive and inclusive work environment where employees can thrive. With a strong commitment to professional development, flexible working arrangements, and a generous benefits package, including a local government pension scheme and unique discounts, the Council prioritises employee well-being and career growth. Located in the vibrant Bromley Civic Centre, you will be part of a team that plays a crucial role in shaping the future of the borough while enjoying the balance of urban and suburban life.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Treaty 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 Jobiqo). 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 Jobiqo. 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 Treaty 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 Jobiqo.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Jobiqo. 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 Jobiqo
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Jobiqo 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 Jobiqo, 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 Jobiqo'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.
