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- Tasks: Support reinsurance purchasing, manage wordings, and calculate reinsurance amounts.
- Company: Join a leading Lloyd's underwriter known for its friendly and inclusive culture.
- Benefits: Enjoy a competitive salary, generous benefits package, and a dynamic work environment.
- Why this job: Be part of a reputable company that values teamwork and offers impactful work in reinsurance.
- Qualifications: Minimum five years' experience in outwards reinsurance administration required.
- Other info: Experience with automatic calculation tools is a plus.
The predicted salary is between 64000 - 96000 £ per year.
This leading Lloyd's and company underwriters has an excellent market reputation and offers a dynamic but extremely friendly and inclusive working environment combined with a generous benefits package. They are now looking for an experienced Ceded Reinsurance Technician to join their City of London operation.
The ideal candidate will have a minimum of five years experience in outwards reinsurance administration and practices. Experience with reinsurance automatic calculation tools would be beneficial.
Duties will include but not be limited to:
- Providing support for the reinsurance purchasing process including preparation of quote schedules for sign off and management of wordings.
- Capturing, calculating and recording of reinsurance amounts whether proportional or non-proportional.
- Issuing statements and recoveries.
- Preparing outwards reinsurance technical accounts including review and calculation of cash losses, profit commissions and portfolio transfers.
- Outwards Excess of Loss recoveries, monitoring for reinsurance recoveries and issued premium adjustments.
- Agreeing company reinsurance statements.
- Monitoring of aged debt.
Senior Reinsurance Technician. in City of London employer: Taylor James Resourcing Limited
Contact Detail:
Taylor James Resourcing Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reinsurance Technician. in City of London
✨Tip Number 1
Network with professionals in the reinsurance industry, especially those who work in Lloyd's and company underwriting. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.
✨Tip Number 2
Familiarise yourself with the latest trends and tools in reinsurance administration, particularly automatic calculation tools. Being knowledgeable about these can set you apart during discussions with hiring managers.
✨Tip Number 3
Prepare to discuss your experience with outwards reinsurance practices in detail. Be ready to provide specific examples of how you've managed quote schedules, technical accounts, and recoveries in previous roles.
✨Tip Number 4
Research the company's values and recent achievements. Tailoring your conversation to reflect their mission and demonstrating how your experience aligns with their goals can make a strong impression during interviews.
We think you need these skills to ace Senior Reinsurance Technician. in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in outwards reinsurance administration. Include specific examples of your work with reinsurance calculation tools and any relevant achievements that demonstrate your expertise.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your five years of experience and how it aligns with the duties listed in the job description, such as managing wordings and preparing technical accounts.
Highlight Relevant Skills: In your application, emphasise skills that are crucial for the role, such as attention to detail, analytical abilities, and experience with cash loss calculations and profit commissions. Use specific terminology from the job description to demonstrate your familiarity with the field.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential qualities for a Senior Reinsurance Technician.
How to prepare for a job interview at Taylor James Resourcing Limited
✨Know Your Reinsurance Basics
Make sure you have a solid understanding of reinsurance concepts, especially outwards reinsurance administration. Brush up on proportional and non-proportional reinsurance, as well as the specific duties mentioned in the job description.
✨Showcase Relevant Experience
Prepare to discuss your previous roles and how they relate to the responsibilities of a Senior Reinsurance Technician. Highlight your experience with reinsurance automatic calculation tools and any specific achievements in your past positions.
✨Demonstrate Attention to Detail
Since the role involves capturing, calculating, and recording reinsurance amounts, be ready to provide examples of how you've successfully managed detailed tasks in your previous jobs. This will show your potential employer that you can handle the intricacies of the role.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's reinsurance processes and their approach to team collaboration. This not only shows your interest in the role but also helps you gauge if the company culture aligns with your values.
