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- Tasks: Join our Ceded Reinsurance team to analyse accounts and assist with cash processes.
- Company: We are a leading firm in the insurance sector, known for innovation and teamwork.
- Benefits: Enjoy flexible working options, competitive pay, and opportunities for professional growth.
- Why this job: Be part of a dynamic team that values your input and fosters a collaborative culture.
- Qualifications: 2 years of experience in a similar role with strong communication and analytical skills required.
- Other info: Familiarity with London market practices and advanced Excel skills 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; minimum 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 key concepts of ceded reinsurance and the specific responsibilities outlined in the job description. Understanding the nuances of account preparation, cash entry processes, and premium calculations will give you a solid foundation to discuss during interviews.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors, especially those who have experience in the London market. Engaging with industry contacts can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Brush up on your Excel skills, particularly with Pivot Tables and V-Lookups, as these are crucial for data analysis in this role. Consider taking an online course or tutorial to ensure you're comfortable using these tools effectively.
✨Tip Number 4
Prepare to demonstrate your problem-solving abilities and attention to detail during the interview. Think of specific examples from your past experience where you've successfully resolved issues or improved processes, as this will showcase your fit for the team environment.
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. Use specific examples from your past roles to demonstrate your skills in account preparation, cash entry, and premium calculations.
Craft a Strong Cover Letter: Write a cover letter that reflects your understanding of the role and the company. Mention your experience in the London market and how your skills align with the responsibilities listed in the job description. Be sure to express your enthusiasm for the position.
Highlight Technical Skills: Emphasise your proficiency in Microsoft Excel, especially with Pivot Tables and V-Lookups, as well as any experience with SAP. Providing examples of how you've used these tools to improve efficiency in previous roles can set you apart.
Showcase Communication Skills: Since strong verbal and written communication skills are essential for this role, include examples of how you've effectively liaised with different departments or clients in the past. This will demonstrate your ability to resolve queries and work well within a team.
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 this will demonstrate your ability to handle the technical aspects of the Ceded Reinsurance position.
✨Demonstrate Industry Knowledge
Familiarise yourself with key insurance and reinsurance principles, particularly those relevant to ceded reinsurance. Being able to discuss these concepts confidently will show that you have a solid understanding of the industry and can adapt quickly to the role.
✨Prepare for Team Dynamics
Since teamwork is crucial in this role, think of examples from your past experiences where you successfully collaborated with others. Be ready to share how you resolved conflicts or contributed to team goals, as this will illustrate your ability to work well within a team environment.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's processes, technology utilisation, and team structure. This not only shows your interest in the role but also gives you a chance to assess if the company culture aligns with your values and work style.
