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 growing team that values creativity and collaboration.
- Why this job: Make an impact in the insurance industry while developing your skills in a fast-paced 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:
Why Tokio Marine HCC? 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. 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.
Skills and Experience Specification:
Essential:
- The successful candidate will require knowledge and experience gained through working for an Insurance/Reinsurance Syndicate, Company or Broker.
- 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.
Reinsurance Technician in London employer: Tokio Marine HCC
At Tokio Marine HCC, we pride ourselves on being a leading Specialty Insurer that values empowerment and innovation. Our hybrid working model promotes a healthy work-life balance, while our commitment to employee growth ensures that you will have ample opportunities to develop your skills in a supportive environment. Join us in a culture that prioritises collaboration and excellence, where your contributions directly impact our success and the satisfaction of our clients.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technician in London
✨Network Like a Pro
Get out there and connect with people in the insurance and reinsurance industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised!
✨Ace the Interview
When you land that interview, prepare to showcase your knowledge of the reinsurance market and your problem-solving skills. Use specific examples from your past experiences to demonstrate how you’ve tackled challenges. Remember, confidence is key!
✨Follow Up
After your interview, send a quick thank-you email to express your appreciation for the opportunity. It shows your enthusiasm and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit for the role!
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings at Tokio Marine HCC. Applying directly through our site can give you an edge, as we prioritise candidates who show genuine interest in our company and values.
We think you need these skills to ace Reinsurance Technician in London
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 can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our values at Tokio Marine HCC. We love seeing genuine enthusiasm!
Showcase Your Skills:Don’t forget to highlight your strong computer skills, especially with Excel and any experience with month-end processes. We’re looking for someone who can hit the ground running, so let us know what you’ve got!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates like you!
How to prepare for a job interview at Tokio Marine HCC
✨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 any experience with Excel, especially Pivot Tables and V-Lookups, as these will be crucial in your role.
✨Build Relationships
This role requires strong collaboration with internal stakeholders. Prepare examples of how you've successfully built relationships in previous roles. Think about times when you’ve worked closely with finance teams or other departments to ensure smooth operations.
✨Show Your Problem-Solving Skills
A methodical approach to problem-solving is key in this position. Be ready to share specific instances where you've identified issues and implemented solutions, particularly in month-end processes or reinsurance recoveries. This will demonstrate your proactive mindset.
✨Communicate Clearly
Strong verbal and written communication skills are essential. Practice articulating your thoughts clearly and confidently. You might be asked to explain complex concepts, so think about how you can simplify your explanations for different audiences.
