At a Glance
- Tasks: Manage and operate the Specialty reinsurance programme, ensuring compliance and accuracy.
- Company: Leading insurer with a focus on innovation and collaboration.
- Benefits: Competitive salary up to £90,000, dynamic work environment, and career growth opportunities.
- Why this job: Join a key role in shaping reinsurance operations across UK and EU markets.
- Qualifications: Experience in reinsurance operations and strong analytical skills required.
- Other info: Engage with diverse stakeholders and contribute to process improvements.
The predicted salary is between 72000 - 108000 £ per year.
Salary: Up to £90,000 DOE
Location: London
Purpose of role
We are currently supporting a leading insurer in the search for an experienced Reinsurance Specialist to join their Specialty team. This role is key to managing and operating the Specialty reinsurance programme, with a focus on ceded reinsurance treaties across both UK and EU business. The successful individual will be responsible for accurate treaty accounting, bordereaux validation and interpretation of reinsurance contracts.
Responsibilities
- Manage day-to-day operations of the Specialty reinsurance programme
- Oversee ceded treaty administration and ensure compliance with contract terms
- Validate and analyse bordereaux submissions
- Interpret reinsurance agreements and apply terms accurately
- Develop and maintain relationships with MGAs, intermediaries, and underwriters
- Support the alignment of reinsurance processes across the UK and EU regions
- Contribute to ongoing improvements in reinsurance operations
Day-to-day
- Process and reconcile reinsurance transactions
- Validate data submissions from MGA partners
- Investigate and resolve discrepancies in reporting
- Engage with brokers and underwriting teams on treaty matters
- Maintain accurate documentation and records
- Prepare reporting materials for internal and external use
- Attend and contribute to team meetings and operational reviews
Experience
- Previous experience in reinsurance operations, treaty accounting or a similar role
- In-depth understanding of ceded reinsurance programmes
- Prior exposure to UK and EU insurance/reinsurance markets preferred
- Demonstrated experience interpreting reinsurance contracts
- Proven ability to engage effectively with technical and non-technical stakeholders
Skills
- High attention to detail; strong data accuracy and quality focus
- Confident analytical thinker with solid problem-solving ability
- Effective communicator across varying levels of seniority
- Advanced Excel skills; comfortable working with large data sets
- Organised, proactive, and capable of managing multiple deliverables under pressure
- Team-oriented with a self-driven, professional approach
Specialty Reinsurance Technician employer: Lawes Insurance Recruitment
Contact Detail:
Lawes Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Specialty Reinsurance Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry, especially those who work with MGAs or intermediaries. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of ceded reinsurance treaties and contract terms. We recommend practising common interview questions related to treaty accounting and bordereaux validation to show you’re the right fit.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website for the best chance at landing that Specialty Reinsurance Technician role. We’re always on the lookout for talent, and applying directly shows your enthusiasm for joining our team!
We think you need these skills to ace Specialty Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Specialty Reinsurance Technician role. Highlight your experience in reinsurance operations and treaty accounting, and don’t forget to mention any relevant skills like data analysis and communication.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific experiences that relate to managing ceded reinsurance treaties and how you’ve successfully engaged with stakeholders in the past.
Showcase Your Attention to Detail: Since this role requires high attention to detail, make sure to demonstrate this in your application. Use clear formatting, check for typos, and ensure all information is accurate. This will show us you’re serious about quality!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates regarding your application status.
How to prepare for a job interview at Lawes Insurance Recruitment
✨Know Your Reinsurance Inside Out
Make sure you brush up on your knowledge of ceded reinsurance treaties and the specifics of the UK and EU markets. Being able to discuss your previous experience with treaty accounting and bordereaux validation will show that you're not just familiar with the terms, but that you can apply them effectively.
✨Prepare for Technical Questions
Expect questions that dive deep into interpreting reinsurance contracts and managing discrepancies in reporting. Practise explaining complex concepts in simple terms, as you'll need to communicate effectively with both technical and non-technical stakeholders.
✨Showcase Your Analytical Skills
Be ready to demonstrate your analytical thinking and problem-solving abilities. You might be asked to tackle a hypothetical scenario related to reinsurance operations, so think through how you would approach data validation or resolving discrepancies before the interview.
✨Build Rapport with Interviewers
Since relationship management is key in this role, focus on building rapport during your interview. Engage with your interviewers by asking insightful questions about their team dynamics and how they collaborate with MGAs and underwriters. This shows you're not only interested in the role but also in how you can fit into their culture.