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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.
Summary
An opportunity to join a Leading international Lloyds (re)insurance broker who are positioned in the global top 10 for reinsurance. In this role you will collaborate with colleagues in branch offices located across the globe and active in over 70 countries.
Reinsurance Broking Technician
The role in a nutshell …
Processing and full-service administration of proportional treaty accounts together with claims recoveries for XoL contracts.
This will include …
* Externally, build trusted relationships with Cedants and Reinsurers to resolve queries and provide a market leading service standard.
* Internally, collaborate with colleagues in the London HQ and in overseas branch offices to ensure the accurate and timely placement and servicing of accounts.
* Process proportional treaty accounts and calculate premium adjustments in accordance with the slip conditions.
* Maintain reconciliations of technical accounts.
* Monitor/review technical position of treaty accounts and premium adjustments.
* Process and oversee XoL claims/reinstatements from first advice to settlement.
* Provide pro-active credit control on designated accounts and manage collections & payments.
* Analyse data and create a variety of different statistical reports.
* Ensure compliance to external regulatory frameworks and Company procedures.
* Ensure all digital and paper files are up-to-date and accurate.
What you need to show …
* Understanding of Lloyds / London (re)insurance market
* Knowledge of Treaty Technical Processing (mainly proportional treaty accounts) from a broking or carrier perspective.
* Experience dealing with XL claims and credit control (not essential)
* Client servicing
* Accuracy and attention to detail
* Possess a team working ethos.
* Work in an organised way and be able to prioritise workflow.
What you need to know …
* Salary £35,000 to £50,000, depending on type and level of expertise
* Annual bonus & benefits package
* Support towards CII study
* Hybrid working flexibility – City of London & Home split
* Join a vibrant and dynamic team within a highly successful Lloyds broker
* Work in a supportive team environment
* Learn from respected market professionals.
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.
