At a Glance
- Tasks: Manage reinsurance programmes and ensure accurate calculations and settlements.
- Company: Leading insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Other info: Opportunity for personal growth and to drive your own success.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Experience in insurance and strong analytical skills required.
The predicted salary is between 45000 - 55000 £ per year.
Our client operates in the insurance industry and is recruiting a Senior Reinsurance Technician for a permanent position within the Finance department.
Role and Responsibilities
- Take ownership for assigned programmes of reinsurance and own processes end to end.
- Keep stakeholders and leadership informed without prompting.
- Create reinsurance risks in core systems, ensuring policy terms and system functionality drivers are accurately recorded and maintained.
- Ensure all reinsurance premiums, commissions and expenses are correctly calculated, booked, advised and settled under Contractual Terms.
- Ensure the timely and accurate calculation and issuance of reinsurance recoveries in respect of paid claims and outstanding reserves, responding to all reinsurer queries in line with key performance indicators.
- Accurately record all reinsurance recoveries in core systems.
- Develop strong relationships with key internal and external parties, to expedite the receipt of reinsurance funds and reduce dispute risk.
Key Skills
- Previous experience in the insurance industry and possess a strong demonstrable knowledge of how to facilitate all aspects of reinsurance post-placement.
- Bring energy, drive and a consistently constructive approach, engaging positively with change and contributing openly to new ideas.
- Demonstrate the ability to interpret and analyse reinsurance contract language, in order to correctly assess the applicability of cover.
- A basic understanding of accounting principles and practices would be beneficial.
- Be delivery oriented, motivated to succeed and energised to intentionally drive their own personal development.
- A capacity to learn is imperative and initiative is highly valued.
- Work autonomously and be capable of prioritising their own workload, anticipating what needs to be done ahead of being asked and taking ownership for outcomes.
Senior Reinsurance Technician in London employer: Oliver James
At Oliver James, we pride ourselves on being an exceptional employer, offering a vibrant work culture that fosters collaboration and innovation in the heart of London. Our commitment to employee growth is evident through tailored development programmes and opportunities to engage with senior stakeholders, ensuring that you not only contribute to impactful capital projects but also advance your career in a supportive environment. Join us to be part of a forward-thinking team where your contributions are valued and your professional journey is nurtured.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reinsurance Technician in London
✨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 Oliver James). 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 Oliver James. 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 Senior Reinsurance Technician in London
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 Oliver James.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Oliver James. 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 Oliver James
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Oliver James 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 Oliver James, 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 Oliver James'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.
