At a Glance
- Tasks: Support clients through transactional processing and secure reinsurance recoveries.
- Company: Join Marsh RE, a global leader in risk and reinsurance.
- Benefits: Enjoy professional development, hybrid work, and a vibrant culture.
- Other info: Flexible part-time options available; embrace diversity and inclusion.
- Why this job: Learn new skills in a dynamic environment with real career progression.
- Qualifications: Experience in insurance or a strong desire to enter the reinsurance sector.
The predicted salary is between 29700 - 36300 £ per year.
We are seeking a talented individual to join our Client Services Support team at Marsh RE (formerly Guy Carpenter). This role will be based in Witham. This is a hybrid role that has a requirement of working at least three days a week in the office.
As a Reinsurance Technician (XOL/Pro Rata), you will support our client base through transactional processing, securing reinsurance recoveries through timely and accurate system entry. Whether you have a curiosity for Reinsurance or you are looking for a change in career, this is the ideal place to learn new skills and an opportunity for you to progress. We have a number of opportunities on a permanent basis. Although Reinsurance experience would be advantageous, we are considering candidates with proven Insurance premium/claims or underwriting backgrounds who can demonstrate a desire to embark on a career in Reinsurance. Part time may also be considered for this role.
We will count on you to:
- Manage an assigned client portfolio, taking full responsibility of technical duties relating to client accounts, premiums and claims.
- Work with Market Fiduciary to assist with collection of funds.
- Manage all XOL post, brokerage receivables, funding, retention, e-trading, ad hoc reporting requests, and all transactional process steps.
- Promote, build and maintain relationships with Brokers, Clients and Markets.
- Participate in training sessions, and provide input within the team and/or department for all aspects of reinsurance service processing to assist with troubleshooting.
What you need to have:
- Some demonstrable Insurance/Reinsurance Premium/Claims experience, ie; handling cash loss/large loss and a desire to move into the Reinsurance sector.
- Competent Excel skills and proficiency in Microsoft Office Applications.
- Willingness to learn and develop knowledge of technical account structure.
- Successful management of workload; with an ability to manage expectations.
What makes you stand out:
- Experience within Excess of Loss (XOL) and/or Pro Rata (QS).
- Experience of working in a technical capacity for a Broker.
- Experience of using London Market systems such as LORS and the IMR (Insurance Market Repository).
- Knowledge of CLASS system is useful for review of London market queries.
Why join our team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Reinsurance Technician (XOL/Pro Rata) in Witham employer: Marsh
Marsh is an exceptional employer that fosters a dynamic and collaborative work culture, where innovation thrives and employees are empowered to make impactful contributions. With a strong focus on professional development, team members have access to numerous growth opportunities while working in a hybrid environment that balances flexibility with in-person collaboration across various UK locations. Joining Marsh means being part of a forward-thinking team dedicated to delivering cutting-edge AI solutions in a supportive and inclusive atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technician (XOL/Pro Rata) in Witham
✨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 Marsh). 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 Marsh. 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 Reinsurance Technician (XOL/Pro Rata) in Witham
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 Marsh.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Marsh. 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 Marsh
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Marsh 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 Marsh, 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 Marsh'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.
