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- Tasks: Process complex reinsurance claims and support clients with tailored solutions.
- Company: Dynamic reinsurance firm focused on client satisfaction and teamwork.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Join a team where your expertise makes a real difference in client outcomes.
- Qualifications: Experience in reinsurance claims and strong communication skills are essential.
- Other info: Opportunity to build relationships with major corporate clients and grow your career.
The predicted salary is between 36000 - 60000 £ per year.
Processing multi-disciplined technical processing, incorporating Premium Pro rata Excess of loss claims.
Experience covering all classes of business. Converse with clients and carriers on a technical level. Candidates need to be able to work independently, managing priorities and supporting team colleagues to ensure customer satisfaction.
Excellent technical knowledge of the Lloyd’s and/or Company Reinsurance market. Actively builds relationships with team, internal and external clients. Identify client’s individual requirements and work alongside them to achieve the best possible outcomes. Participate in client and reinsurer meetings as required.
- Broker Support
- Risk sign down
- Prepare and maintain account statistics
- Provide support in the overall servicing of the client’s account and retention of business
- Use electronic methods throughout full process
Excess of Loss Claims:
Negotiate claims from initial notice, through to the settlement and closure of claims. Experience to cover complex claims covering all classes of business including XOL reinsurance and binders, reinsurer audit and direct including underwriter rep. Negotiate claims matters i.e. XPL, ex-gratia, and non-standard presentations. Letter of Credit, a high level understanding and the ability to complete adjustments pro-actively and in the time frames required to avoid client penalty.
IBA:
Monthly review of Aged Debt reports, chasing for due items and arranging settlement of held balances and monitoring of held balances and funding. Preparation and reconciliation of client statements and payment. Daily allocation and monitoring of cash received.
Successful applicants will ideally have prior relevant reinsurance experience in a Client Services position and be able to evidence experience in the following role requirements:
- Competent in processing all risk types, proportional, excess of loss premiums and claims
- Advantage for candidates who have experience of Salesforce and Open TWINS
- Previous IBA experience is advantageous
- Reinsurance Claims experience and understanding is a must have
- Experience with dealing with large corporate clients would be advantageous
- Ability to build and maintain good business relationships with clients, Insurers and Associates
- Ability to communicate effectively and professionally both verbally and in writing with clients, insurers and other associates
- Ability to manage time, prioritise and ensure that deadlines are met without compromising quality
- Proven problem solving skills, including the ability to resolve unusual and complex issues and then devise actionable solutions
- Demonstrated understanding of management concepts, systems and quality assurance
- Essential in-depth knowledge of IMR, CLASS, ECF, LORS
- Knowledge of Microsoft products (Word, Excel, Outlook, PowerPoint) or similar software applications
Proportional Treaty Technicians in London employer: Lockton Companies
Contact Detail:
Lockton Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Proportional Treaty Technicians in London
✨Tip Number 1
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 to potential employers on LinkedIn. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss complex claims and the nuances of proportional and excess of loss reinsurance confidently. We want you to shine when it comes to showcasing your expertise!
✨Tip Number 3
Practice your communication skills! Whether it's negotiating claims or discussing client needs, being able to articulate your thoughts clearly is key. Role-play with a friend or record yourself to see how you come across.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can leave a lasting impression. It shows you're genuinely interested and keeps you on their radar. Plus, it’s a great chance to reiterate why you’re the perfect fit for the role.
We think you need these skills to ace Proportional Treaty Technicians in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the job description. Highlight your experience with proportional and excess of loss claims, and don’t forget to mention any relevant software skills like Salesforce or Open TWINS.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain how your background aligns with the role. Talk about your ability to build relationships and manage client accounts effectively.
Show Off Your Technical Knowledge: We want to see your understanding of the Lloyd’s and Company Reinsurance market. Mention specific experiences where you’ve successfully negotiated claims or managed complex issues to demonstrate your expertise.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Lockton Companies
✨Know Your Stuff
Make sure you brush up on your technical knowledge of the Lloyd’s and Company Reinsurance market. Familiarise yourself with terms like Excess of Loss claims and Proportional Treaty processing, as well as any relevant software like Salesforce and Open TWINS. This will help you converse confidently with clients and carriers during the interview.
✨Showcase Your Experience
Be ready to discuss your previous roles in client services and how they relate to the job at hand. Highlight your experience with complex claims and your ability to negotiate effectively. Use specific examples to demonstrate your problem-solving skills and how you've managed priorities in past positions.
✨Build Rapport
During the interview, focus on building a connection with your interviewers. Show that you can communicate effectively and professionally, both verbally and in writing. Ask insightful questions about the company and the role to demonstrate your interest and ability to build relationships with clients and colleagues.
✨Prepare for Scenarios
Think about potential scenarios you might face in the role, such as negotiating claims or managing client expectations. Prepare to discuss how you would handle these situations, showcasing your understanding of the industry and your proactive approach to problem-solving. This will show that you're not just a good fit on paper, but also in practice.
