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For Companies At a Glance
- Tasks: Process and manage reinsurance accounts and claims while collaborating globally.
- Company: Join a top 10 global Lloyds (re)insurance broker with a vibrant culture.
- Benefits: Enjoy hybrid working, an annual bonus, and support for professional studies.
- Why this job: Be part of a dynamic team, learn from industry experts, and make an impact.
- Qualifications: Understanding of the Lloyds market and client servicing skills are essential.
- Other info: Experience in XL claims and credit control is preferred but not mandatory.
The predicted salary is between 30000 - 50000 £ per year.
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Summary
An opportunity to join a leading international Lloyds (re)insurance broker, ranked in the top 10 globally for reinsurance. The role involves collaborating with colleagues across branch offices in over 70 countries.
Reinsurance Broking Technician
The role in a nutshell:
- Processing and administering proportional treaty accounts and claims recoveries for XoL contracts.
This will include:
- Building trusted relationships with Cedants and Reinsurers to resolve queries and provide excellent service.
- Collaborating with colleagues in London HQ and overseas branches for accurate and timely account servicing.
- Processing proportional treaty accounts and calculating premium adjustments per slip conditions.
- Maintaining reconciliations of technical accounts.
- Monitoring technical positions and premium adjustments.
- Processing XoL claims and reinstatements from advice to settlement.
- Managing credit control, collections, and payments.
- Analyzing data and creating statistical reports.
- Ensuring compliance with regulatory frameworks and company procedures.
- Keeping digital and paper files accurate and up-to-date.
What you need to show:
- Understanding of Lloyds/London (re)insurance market.
- Knowledge of Treaty Technical Processing, mainly proportional treaty accounts, from broking or carrier perspective.
- Experience with XL claims and credit control (preferred but not essential).
- Client servicing skills.
- Accuracy and attention to detail.
- Teamwork ethos.
- Organized work approach and ability to prioritize workflow.
What you need to know:
- Salary £35,000 to £50,000, depending on experience.
- Annual bonus and benefits package.
- Support for CII study.
- Hybrid working flexibility – City of London & Home split.
- Join a vibrant, dynamic team within a successful Lloyds broker.
- Supportive team environment.
- Learning opportunities from market professionals.
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Reinsurance Technician employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the Lloyds and London reinsurance market. Understanding the nuances of this sector will not only boost your confidence during interviews but also help you engage in meaningful conversations with potential colleagues.
✨Tip Number 2
Network with professionals already working in reinsurance, especially those who have experience with proportional treaty accounts. Attend industry events or join relevant online forums to build connections that could lead to valuable insights and referrals.
✨Tip Number 3
Brush up on your analytical skills, particularly in data analysis and report creation. Being able to demonstrate your ability to handle technical accounts and produce statistical reports will set you apart from other candidates.
✨Tip Number 4
Showcase your client servicing skills by preparing examples of how you've successfully resolved queries or built relationships in previous roles. This will highlight your ability to provide excellent service, which is crucial for the Reinsurance Technician position.
We think you need these skills to ace Reinsurance Technician
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reinsurance Technician. Familiarise yourself with terms like proportional treaty accounts and XoL claims, as well as the importance of client servicing in this role.
Tailor Your CV: Highlight relevant experience in the Lloyds/London (re)insurance market. Emphasise any knowledge of Treaty Technical Processing and your ability to manage credit control and collections, as these are key aspects of the job.
Craft a Strong Cover Letter: Use your cover letter to showcase your understanding of the reinsurance industry and your enthusiasm for the role. Mention specific skills that align with the job description, such as teamwork, attention to detail, and your organised work approach.
Proofread Your Application: Ensure your application is free from errors. A well-presented CV and cover letter reflect your attention to detail, which is crucial for the Reinsurance Technician role. Consider asking a friend or colleague to review your documents before submission.
How to prepare for a job interview at MW Appointments
✨Understand the Reinsurance Market
Make sure you have a solid grasp of the Lloyds and London reinsurance market. Brush up on recent trends, key players, and regulatory frameworks to demonstrate your knowledge during the interview.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with proportional treaty accounts and XL claims. Highlight any relevant technical processing skills and how you've applied them in previous roles.
✨Emphasise Teamwork and Collaboration
Since the role involves working with colleagues across various locations, share examples of how you've successfully collaborated in a team setting. This will show your ability to work well in a diverse environment.
✨Demonstrate Attention to Detail
Given the importance of accuracy in this role, be ready to provide examples of how you've maintained precision in your work. Discuss any systems or methods you use to ensure your work is error-free.
