At a Glance
- Tasks: Assist with reporting and analysis in the Ceded Reinsurance team.
- Company: The Hartford is a leading insurance company focused on making a difference.
- Benefits: Enjoy a full-time role with opportunities for growth and development.
- Why this job: Join a dynamic team and contribute to shaping the future of insurance.
- Qualifications: A relevant degree and strong MS Office skills are preferred.
- Other info: This entry-level position is based in London, UK.
The predicted salary is between 30000 - 42000 Β£ per year.
Weβre determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals β and to help others accomplish theirs, too. Join our team as we help shape the future.
This role will be based in London, UK and you are required to have the necessary right to work details prior to application.
To work within the Hartford Ceded team, assisting with monthly, quarterly and year-end reporting and analysis. To work as part of a team to meet both internal and external reporting deadlines.
A key aspect of this role is the responsibility to identify, issue and book Reinsurance claims to our RI Brokers for Facultative, Quota Share and Excess of Loss RI types.
Job Responsibilities- Provide administrative support to the reinsurance team, including maintaining daily / monthly processing tasks such as:
- Daily review of SCM movements
- Work with Claim Ops to ensure accurate Event Coding
- Assist in managing the Outwards Reinsurance program, including data collection, premium payment processing, claim notifications, and recovery documentation.
- Maintain an inventory of reinsurance treaties and document reinsurance conditions.
- Review Reinsurance slips, premium allocations, and cover notes issued by brokers and reinsurers.
- Update Outwards Reinsurance Policy documentation as needed.
- Participate in projects to improve procedures and processes.
- Contribute to identifying potential risks related to reinsurance activities.
- Review and analysis of monthly claim bordereaux
- Prepare and issue Syndicate loss numbers for any shared loss.
- Maintain static claim register β provide periodic updates to RI / Broker
- Review monthly reports to identify any potential new recoverable losses.
- Review the minor currency losses that fall below the SCM thresholds.
- Assist in maintenance of Credit Control files to assist with Management Information and improve timeliness of debtor recovery.
- Provide assistance with credit control on outwards RI collections.
- Degree in a relevant field preferred.
- Progress toward or completion of a recognised insurance qualification (e.g., CII) is advantageous.
- Proficient in compliance, regulatory matters, systems, and programs.
- Proactive mindset with a willingness to challenge and improve existing processes.
- Excellent MS Office skills, particularly Excel.
- Detail-oriented with the ability to multitask.
- Team player with strong interpersonal skills.
- Ability to analyse data and provide concise summaries or recommendations.
- Effective stakeholder management, including interaction with senior management teams internally and externally.
- Innovative and creative, with a willingness to bring new ideas to improve processes.
- Ability to establish credibility and maintain high ethical standards.
- Excellent communication skills for interacting with clients, employees, and management.
- Problem-solving mindset to identify issues and develop creative solutions.
Ceded Reinsurance Technician employer: The Hartford
Contact Detail:
The Hartford Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Ceded Reinsurance Technician
β¨Tip Number 1
Familiarise yourself with the key responsibilities of a Ceded Reinsurance Technician. Understanding the nuances of reinsurance claims, reporting, and data management will help you speak confidently about your relevant experience during interviews.
β¨Tip Number 2
Network with professionals in the insurance industry, particularly those involved in reinsurance. Attend industry events or join online forums to gain insights and potentially get referrals that could boost your application.
β¨Tip Number 3
Brush up on your Excel skills, as proficiency in this software is crucial for the role. Consider taking an online course or practicing advanced functions to demonstrate your capability during the interview process.
β¨Tip Number 4
Prepare to discuss how you can contribute to improving processes within the team. Think of examples from your past experiences where you've identified issues and implemented solutions, as this aligns with the proactive mindset they are looking for.
We think you need these skills to ace Ceded Reinsurance Technician
Some tips for your application π«‘
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Ceded Reinsurance Technician. Familiarise yourself with tasks such as reporting, data analysis, and managing reinsurance claims.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise your proficiency in MS Office, particularly Excel, and any insurance qualifications you may have.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your enthusiasm for the role and the company. Mention specific examples of how your skills and experiences make you a great fit for the Ceded Reinsurance Technician position.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is accurate and presented clearly.
How to prepare for a job interview at The Hartford
β¨Understand the Role
Make sure you thoroughly understand the responsibilities of a Ceded Reinsurance Technician. Familiarise yourself with terms like Facultative, Quota Share, and Excess of Loss RI types, as well as the importance of accurate reporting and analysis.
β¨Showcase Your Analytical Skills
Be prepared to discuss your experience with data analysis and how you've used it to make informed decisions. Highlight any specific tools or methods you've employed, especially in relation to Excel, as this is crucial for the role.
β¨Demonstrate Teamwork
This role requires collaboration with various teams, so be ready to share examples of how you've successfully worked in a team environment. Emphasise your interpersonal skills and how you contribute to a positive team dynamic.
β¨Prepare Questions
Have thoughtful questions ready to ask your interviewers about the company culture, team dynamics, and future projects. This shows your genuine interest in the role and helps you assess if it's the right fit for you.