At a Glance
- Tasks: Lead month-end activities and manage reinsurance contracts in a dynamic team.
- Company: Join Tokio Marine HCC, a leading global specialty insurer with a focus on innovation.
- Benefits: Enjoy a competitive salary, hybrid working, and a supportive employee benefits package.
- Other info: Be part of a rapidly growing company with excellent career advancement opportunities.
- Why this job: Make an impact in the insurance industry while developing your skills in a collaborative environment.
- Qualifications: Experience in insurance/reinsurance and strong communication skills are essential.
The predicted salary is between 40000 - 50000 £ per year.
Reporting to: Head of RI Operations
Position Type: Permanent, hybrid working 3 days in the office, 2 working from home.
Overview
Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry.
Why Tokio Marine HCC?
Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose
Act as a key person in the Reinsurance Operation team and be accountable for leading all month end activity ensuring all technical balances are verified and correct to allow for an efficient month end close. The role will also include taking ownership of a suite of XOL treaty placements that includes premium processing and claim recoveries.
Key Responsibilities
- Build relationships with all internal stakeholders in the month end process, predominantly colleagues in finance.
- Ensure the month end close process is completed in the given timeframes and all data/transactions are captured by XLPro, and fed correctly downstream to the ledgers.
- Understand and create reinsurance contracts in outwards systems.
- Initiate settlement of reinsurance premium to broker and carrier with credit control team.
- Identification and calculation of reinsurance recoveries within reinsurance systems including reconciliations to Finance outputs.
- Submit accurate and timely statements, advices and collection notes to brokers and reinsurers.
Essential Skills and Experience Specification
- Experience, knowledge of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective.
- Experience with month end processes and budget & forecasting.
- Confident, articulate and experienced in dealing with internal & external stakeholders.
- Methodical approach to problem solving and decision making.
- Customer focus and service mentality.
- Focus on execution and timely delivery of quality outputs.
- Self-motivated, can-do attitude and pro-active mindset.
- Works well as part of a team and on individual tasks.
- Strong verbal and written communication skills, ability and confidence to challenge existing procedures & use of system.
- Strong computer skills - knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint.
Desirable
- Industry recognised qualifications.
- Continuous improvement experience.
- Language skills.
What We Offer
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
Reinsurance Technician employer: Tokio Marine HCC International
At Tokio Marine HCC, we pride ourselves on being a forward-thinking employer that values innovation and employee empowerment. Our hybrid working model promotes a healthy work-life balance, while our commitment to professional development ensures that you will have ample opportunities for growth within the dynamic insurance sector. Join us in a collaborative environment where your contributions are recognised and rewarded, making a meaningful impact in the world of reinsurance.
Contact Details:
Tokio Marine HCC International Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technician
✨Tip Number 1
Network like a pro! Reach out to people in the insurance and reinsurance sectors, especially those who work at TMHCC. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of month-end processes and reinsurance contracts. We want you to show off your skills and confidence, so practice answering common questions and think about how your experience aligns with the role.
✨Tip Number 3
Don’t forget to showcase your problem-solving skills! During interviews, share examples of how you've tackled challenges in previous roles. This will demonstrate your methodical approach and customer-focused mentality.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at TMHCC. Let’s get you started on this exciting journey!
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 your experience in the insurance/reinsurance market and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Don’t forget to mention your proactive mindset and customer focus, as these are key for us.
Showcase Your Skills:Be sure to highlight your strong computer skills, especially with Excel and PowerPoint. If you've got experience with month-end processes or reinsurance contracts, let us know! We love seeing candidates who can hit the ground running.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Tokio Marine HCC International
✨Know Your Numbers
As a Reinsurance Technician, you'll be dealing with technical balances and month-end processes. Brush up on your financial knowledge and be ready to discuss how you’ve managed similar tasks in the past. Highlight your experience with Excel, especially Pivot Tables and V-Lookups, as these will be crucial in your role.
✨Showcase Your Stakeholder Skills
Building relationships is key in this role. Prepare examples of how you've successfully collaborated with internal and external stakeholders. Think about times when you had to communicate complex information clearly and effectively—this will demonstrate your strong verbal and written communication skills.
✨Be Proactive and Problem-Solving Minded
The job requires a methodical approach to problem-solving. Come prepared with examples of challenges you've faced in previous roles and how you tackled them. This will show that you have a can-do attitude and are self-motivated, which are traits they value highly.
✨Understand the Reinsurance Landscape
Familiarise yourself with the current trends in the Insurance/Reinsurance market, particularly from a Lloyd’s perspective. Being able to discuss recent developments or challenges in the industry will not only impress your interviewers but also show your genuine interest in the field.
