At a Glance
- Tasks: Support reinsurance services, ensuring accurate administration and reporting for clients.
- Company: PoloWorks, a leader in outsourced reinsurance solutions.
- Benefits: Competitive salary, flexible working, private health insurance, and generous leave.
- Other info: Enjoy volunteering days, social events, and an excellent career development path.
- Why this job: Join a dynamic team and make a real impact in the reinsurance industry.
- Qualifications: Experience in reinsurance operations and strong communication skills required.
The predicted salary is between 40500 - 49500 £ per year.
To support the delivery of outsourced reinsurance services for PoloWorks clients, ensuring the accurate administration, accounting and reporting of proportional, excess of loss (XOL) and facultative reinsurance arrangements. The role also supports client onboarding, operational readiness, testing activities and ongoing service delivery.
Key Responsibilities
- Prepare and review reinsurance statements, accounts and recoveries.
- Process premiums, cash allocations and reinsurance transactions.
- Monitor outstanding balances, reconciliations and recoveries.
- Review treaty documentation and maintain accurate records.
- Support onboarding, UAT and implementation projects.
- Produce client reporting and attend stakeholder meetings.
- Liaise with brokers, reinsurers and internal teams to resolve queries in writing and face to face.
- Contribute to all aspects of discussing and onboarding new opportunities.
- Achieve, maintain and develop own competence.
- Supportive of the Line Manager and Reinsurance colleagues.
Skills, Knowledge and Expertise
- London Market and/or Lloyd's market experience.
- Experience communicating with all levels of internal and external organisations e.g. new starters to CEO / CFO level.
- Experience of outsourced reinsurance operations.
- Knowledge of Lloyd's reporting requirements, including SRS.
- Experience supporting onboarding, operational readiness or system implementations.
- Experience participating in UAT activities.
- Exposure to reinsurance or policy administration systems.
- Attention to detail when handling large and sophisticated datasets.
- Intermediate / Advanced Excel skills.
Benefits
As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay. You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.
Senior Reinsurance Technician in Cheltenham employer: PoloWorks
As a Syndicate Underwriting Manager in London, you will join a dynamic team that values collaboration and innovation within the Lloyd's market. The company offers a competitive salary alongside an impressive benefits package, including flexible hybrid working, private health insurance, and generous leave options, fostering a supportive work culture that prioritises employee well-being and growth. With opportunities for professional development and engagement in community initiatives, this role is perfect for those seeking meaningful and rewarding employment in a thriving environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reinsurance Technician in Cheltenham
✨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 PoloWorks). 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 PoloWorks. 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 Cheltenham
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 PoloWorks.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at PoloWorks. 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 PoloWorks
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at PoloWorks 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 PoloWorks, 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 PoloWorks'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.
