At a Glance
- Tasks: Calculate and manage reinsurance assets while collaborating with various teams.
- Company: Join a market-leading insurance organisation with a supportive culture.
- Benefits: Strong career development opportunities and exposure to global reinsurance programmes.
- Other info: Be part of a high-performing team driving operational efficiencies.
- Why this job: Make a real impact in a dynamic environment focused on process improvement.
- Qualifications: Experience in reinsurance, strong analytical skills, and advanced Excel proficiency.
The predicted salary is between 31500 - 38500 £ per year.
An excellent opportunity has arisen for an experienced Reinsurance Technician / Reinsurance Asset Handler to join a high-performing Reinsurance Asset Management team. The successful candidate will play a key role in the calculation, management and monitoring of reinsurance assets across complex company market and Lloyd's syndicate business.
Working within the Quota Share (QS) Pillar, you will collaborate closely with Reinsurance, Finance, Claims, Credit Control and Broking teams to ensure the accurate and timely administration of reinsurance recoverables and associated accounting activities.
Key Responsibilities- Identify and calculate reinsurance assets with a focus on Quota Share arrangements.
- Produce premium and claims bordereaux to support reinsurance accounting activities.
- Book premiums, profit commissions, sliding scale commissions and cash calls.
- Support reinsurance recovery and settlement processes.
- Liaise with Finance, Claims, Brokers and other stakeholders to resolve queries.
- Assist with KPI reporting and operational deliverables.
- Maintain and update tracking, reconciliation and control tools.
- Support internal and external audit requirements.
- Contribute to process improvement initiatives and operational efficiencies.
- Assist with wider team activities as required.
- Strong reinsurance experience.
- Strong understanding of reinsurance accounting, recoveries and asset management processes.
- London Market and/or Lloyd's syndicate experience preferred.
- Strong analytical and problem-solving skills.
- Excellent verbal and written communication skills.
- Ability to challenge existing processes and drive improvements.
- Advanced Microsoft Excel skills, including Pivot Tables and VLOOKUPs.
- Strong attention to detail and organisational skills.
- Ability to learn quickly and adapt within a dynamic environment.
- Experience using AI-enabled tools would be advantageous.
- Opportunity to join a market-leading insurance organisation.
- Exposure to complex global reinsurance programmes.
- Collaborative and supportive working environment.
- Strong career development opportunities.
- Involvement in business-critical operational and process improvement initiatives.
This role would suit a technically strong reinsurance professional looking to further develop their expertise within a specialist Reinsurance Asset Management function.
Compliance Monitoring Technician in London employer: Lorien
Join a forward-thinking company in Manchester that values technical expertise and offers a dynamic work culture. With a focus on hybrid working, flexible hours, and a strong emphasis on employee growth, this role provides the opportunity to lead impactful projects while maintaining a hands-on engineering position. Enjoy a competitive salary, annual bonus, and the chance to shape the future of corporate infrastructure services in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Monitoring Technician in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Lorien looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Monitoring Technician in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Lorien. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Lorien
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Lorien’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
