At a Glance
- Tasks: Set up reinsurance contracts and manage recoveries while ensuring smooth cash flow.
- Company: Join a progressive Lloyds Broker in the heart of Chelmsford.
- Benefits: Enjoy a competitive salary, flexible working options, and a supportive team environment.
- Other info: This is a permanent role with opportunities for growth and development.
- Why this job: Be part of a dynamic industry, enhance your skills, and make a real impact.
- Qualifications: Experience in reinsurance and knowledge of the London insurance market is essential.
The predicted salary is between 29000 - 42000 € per year.
We are currently recruiting for a Reinsurance Technician for Lloyds Broker.
Responsibilities will include:
- Setting up reinsurance contracts
- Identifying, calculating, and notifying reinsurance recoveries
- Credit Control activities to ensure quickest possible cashflow to/from reinsurers
- Responding to technical reinsurance queries from internal and external stakeholders
- Adhering to all controls and maintaining auditable evidence
- Processing LORS entries and USM transactions
- Analysing and providing data to support reinsurance placements and reporting requirements
- Improving existing manual processes
Skills and Experience required:
- Experience working in an outwards reinsurance department
- Good knowledge of Lloyd's and London insurance market
- Practical knowledge of London market Underwriting and Reinsurance systems
If you are looking for a new and challenging role within a progressive Insurer, then please submit your CV for consideration. Substantial salary and benefits package.
For further information please contact Su Partridge FIRP.
Reinsurance Technician in Chelmsford employer: The Recruiter Ltd
As a leading Lloyds Broker based in Chelmsford, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our competitive salary package, coupled with comprehensive benefits, ensures that our Reinsurance Technicians are well-supported in their roles while enjoying the vibrant community and opportunities for professional advancement that Essex has to offer.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technician in Chelmsford
✨Tip Number 1
Familiarise yourself with the Lloyd's and London insurance market. Understanding the nuances of this specific market will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in reinsurance or related fields. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the day-to-day responsibilities of a Reinsurance Technician.
✨Tip Number 3
Brush up on your technical skills, especially those related to reinsurance systems and processes. Being able to discuss specific software or tools used in the industry can set you apart from other candidates.
✨Tip Number 4
Prepare for common interview questions related to credit control and reinsurance recoveries. Having clear examples from your past experience will help you articulate your skills effectively during the interview.
We think you need these skills to ace Reinsurance Technician in Chelmsford
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities of a Reinsurance Technician. Familiarise yourself with tasks like setting up reinsurance contracts and processing LORS entries.
Tailor Your CV:Highlight your experience in outwards reinsurance and any relevant knowledge of the Lloyd's and London insurance market. Use specific examples to demonstrate your skills in credit control and data analysis.
Craft a Strong Cover Letter:Write a cover letter that addresses the key skills and experiences mentioned in the job description. Explain why you're a good fit for the role and how you can contribute to improving existing processes.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in the reinsurance field.
How to prepare for a job interview at The Recruiter Ltd
✨Know Your Reinsurance Basics
Make sure you brush up on your knowledge of reinsurance contracts and the processes involved. Being able to discuss how you would set up these contracts or handle recoveries will show that you're well-prepared and knowledgeable about the role.
✨Familiarise Yourself with Lloyd's Market
Since the job requires good knowledge of the Lloyd's and London insurance market, do some research on current trends and key players. This will help you answer questions confidently and demonstrate your interest in the industry.
✨Prepare for Technical Questions
Expect technical queries related to reinsurance and underwriting systems. Review any relevant software or systems you've used in the past, and be ready to explain how you've applied them in your previous roles.
✨Showcase Your Problem-Solving Skills
The role involves improving existing manual processes, so think of examples where you've identified inefficiencies and implemented solutions. Be prepared to discuss these experiences and the positive outcomes they led to.
