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- Tasks: Administer reinsurance activities and support renewal processes in a dynamic environment.
- Company: Leading Lloyd's underwriter known for its friendly and inclusive culture.
- Benefits: Generous salary, excellent benefits package, and opportunities for professional growth.
- Why this job: Join a reputable firm and make an impact in the insurance industry.
- Qualifications: Experience in reinsurance and strong analytical skills required.
- Other info: Collaborative team atmosphere with exciting project work and career advancement.
The predicted salary is between 38000 - 52000 £ per year.
Overview
Quick Registration First Name * Last Name * e-mail * Phone * Sector Location
Client Onboarding KYC Associate. 5 days in office,
Senior HR Manager with Financial Services experience
HR Business Partner. to £65,000This well established
Our client is looking for a Talent Development Specialist
We are looking for a Deputy Group Company Secretary
Date: 13 Feb 2025 Sector: INSURANCE Type: Permanent Location: London Salary: £35000 – 45000 per annum Email: brian@taylorjamesresourcing.com Ref: BT431
Reinsurance Technician to £45,000
Reinsurance Technician – Responsibilities
This leading Lloyd’s underwriters has an excellent market reputation and offer a dynamic but extremely friendly and inclusive working environment combined with a generous benefits package. They are now looking for an experienced Reinsurance Technician to join their City of London operation.
The main purpose of this role is to help administer reinsurance recovery activities for a syndicate and an insurance company in addition to providing renewal information to assist in the purchase of reinsurance coverage.
- Reinsurance recoveries for excess of loss, proportional and facultative accounts
- Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
- Premium Adjustments, Profit Commission & NCB calculations
- Manage collection and payment of recoveries and premium, and manage aged debt
- Compliance with the Reinsurance Administration Department’s month/quarter end deadline requirements
- Produce Risk and Claim bordereaux to support reinsurance accounts
- Produce renewal presentation information
- Respond to Broker/Reinsurers queries in a timely manner
- Cover note administration, including the recording of reinsurance information into in-house systems
- Review of tasks completed by outsourcing partner
- Project work including assistance with the testing and implementation of new software and processes and release testing of current systems
- Review and update procedure manuals in an accurate and timely manner
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Reinsurance Technician employer: Taylor James Resourcing
Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician
✨Tip Number 1
Networking is key! Reach out to professionals in the insurance sector, especially those working as Reinsurance Technicians. Use platforms like LinkedIn to connect and engage with them; you never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge related to reinsurance. Be ready to discuss your experience with premium adjustments and compliance, as these are crucial in this role. Practice common interview questions to boost your confidence!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that suit your skills and interests, and tailor your approach to each company’s culture.
✨Tip Number 4
Follow up after interviews! A simple thank-you email can set you apart from other candidates. It shows your enthusiasm for the role and keeps you fresh in the interviewer’s mind. Plus, it’s a great opportunity to reiterate why you’re the perfect fit!
We think you need these skills to ace Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Technician role. Highlight relevant experience and skills that match the job description, like your knowledge of reinsurance recovery activities and compliance with deadlines.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the responsibilities listed, like managing collections or producing renewal presentations.
Be Clear and Concise: When filling out your application, keep your language clear and concise. Avoid jargon unless it's relevant to the role. We want to see your qualifications without wading through unnecessary fluff!
Apply Through Our Website: Don’t forget to apply through our website! It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Reinsurance Basics
Before heading into the interview, brush up on your knowledge of reinsurance principles. Understand the different types of reinsurance like excess of loss and proportional accounts, as well as key terms like premium adjustments and profit commissions. This will show that you're not just familiar with the role but genuinely interested in the field.
✨Prepare for Technical Questions
Expect to face technical questions related to reinsurance recovery activities and compliance requirements. Prepare by reviewing common scenarios you might encounter in the role, such as managing aged debt or producing risk and claim bordereaux. Practising your responses can help you articulate your experience clearly.
✨Showcase Your Attention to Detail
As a Reinsurance Technician, attention to detail is crucial. Be ready to discuss examples from your past work where your meticulousness made a difference, whether it was in calculating collection notes or updating procedure manuals. Highlighting these experiences will demonstrate your fit for the role.
✨Ask Insightful Questions
At the end of the interview, don’t forget to ask questions! Inquire about the team dynamics, the software they use for reinsurance administration, or how they handle compliance deadlines. This shows your enthusiasm for the position and helps you gauge if the company culture aligns with your values.
