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- Tasks: Join our Ceded Reinsurance team to prepare accounts and analyse ceded types.
- Company: Be part of a leading company in the insurance and reinsurance sector.
- Benefits: Enjoy flexible working options and a collaborative team culture.
- Why this job: Gain hands-on experience in a dynamic environment while enhancing your analytical skills.
- Qualifications: Minimum 2 years in a similar role with knowledge of insurance principles required.
- Other info: Strong computer skills, especially in Excel, are preferred.
The predicted salary is between 36000 - 60000 £ per year.
Technician for Ceded Reinsurance team
Main areas of responsibility:
- Account preparation and analysis for all ceded types.
- Assist with the cash entry and application process for all ceded types.
- Assist with the calculation and booking of premiums and claims recoveries for XOL, facultative and quota share covers within core systems.
- Prepare and maintain proportional treaty statement aging schedules for internal reporting and tracking of overdue accounts.
- Liaise with cash analysts, underwriting departments, Claims department, brokers and clients to resolve queries.
- Ensure high quality data and contract set up within the reinsurance systems.
- Assist with the ceded Aged Debt and Unallocated Cash Analysis.
- Utilisation of technology to maximize efficiency of the ceded reinsurance department.
You will need:
- Ability to learn and adapt in a dynamic environment.
- Knowledge of insurance and reinsurance principles; min 2 years experience in a similar role.
- London market company experience preferred.
- Strong verbal and written communication skills.
- Detail-oriented and strong problem solver with analytical abilities.
- Demonstrated positive attitude and works well within a team environment.
- Strong computer skills – knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint preferred; SAP.
Ceded Reinsurance technician employer: Next Employment Ltd
Contact Detail:
Next Employment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ceded Reinsurance technician
✨Tip Number 1
Familiarise yourself with the specific software and tools mentioned in the job description, such as Microsoft Excel and SAP. Being proficient in these applications will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those who have experience in the London market. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could help you land the job.
✨Tip Number 3
Brush up on your knowledge of insurance and reinsurance principles. Consider taking short courses or certifications that can enhance your understanding and make you a more attractive candidate for the role.
✨Tip Number 4
Prepare to discuss your problem-solving skills and how you've used them in previous roles. Think of specific examples where you successfully resolved issues or improved processes, as this will showcase your analytical abilities during interviews.
We think you need these skills to ace Ceded Reinsurance technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in ceded reinsurance and showcases your knowledge of insurance principles. Include specific examples of your work with cash entry, premium calculations, and data management.
Craft a Strong Cover Letter: In your cover letter, emphasise your ability to learn and adapt in dynamic environments. Mention your experience in the London market and how it aligns with the responsibilities of the role.
Highlight Technical Skills: Clearly outline your proficiency in Microsoft Excel, especially with Pivot Tables and V-Lookups, as well as any experience with SAP. This will demonstrate your capability to utilise technology effectively in the role.
Showcase Communication Skills: Provide examples of how you've successfully liaised with various departments or clients in previous roles. Strong verbal and written communication skills are crucial for this position, so make sure to highlight them.
How to prepare for a job interview at Next Employment Ltd
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Microsoft Excel, especially with Pivot Tables and V-Lookups. Be prepared to discuss how you've used these skills in previous roles, as they are crucial for the Ceded Reinsurance Technician position.
✨Demonstrate Industry Knowledge
Familiarise yourself with insurance and reinsurance principles, particularly within the London market. During the interview, be ready to discuss your understanding of ceded reinsurance processes and any relevant experiences you have.
✨Emphasise Teamwork and Communication
This role requires liaising with various departments and clients. Share examples of how you've successfully collaborated with others and resolved queries in past positions, showcasing your strong verbal and written communication skills.
✨Prepare for Problem-Solving Scenarios
Expect questions that assess your analytical abilities and problem-solving skills. Think of specific instances where you've tackled challenges in a dynamic environment, and be ready to explain your thought process and outcomes.
