At a Glance
- Tasks: Lead month-end activities and manage reinsurance operations with a focus on accuracy.
- Company: Join Tokio Marine HCC, a leading global specialty insurer with a dynamic culture.
- Benefits: Enjoy a competitive salary, great benefits, and a hybrid work model.
- Other info: Be part of a rapidly growing team with excellent career advancement opportunities.
- Why this job: Make an impact in the insurance industry while developing your skills in a supportive 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. Please visit www.tmhcc.com for more information about our companies.
Reinsurance Technician 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
✨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, make sure to prepare by researching the company and its values. Be ready to discuss how your experience aligns with their needs, especially around month-end processes and stakeholder management. Show them you’re not just a fit for the role, but for their culture too!
✨Follow Up
After your interview, don’t forget to send a thank-you email! It’s a great way to reiterate your interest in the position and remind them of your key strengths. Plus, it shows you’re proactive and genuinely interested in the role.
✨Apply Through Our Website
We encourage you to apply directly through our website. It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest job openings and updates there!
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 or reinsurance sector, especially any month-end processes you've handled. We want to see how your skills match what we're looking for!
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 perfect fit. Don’t forget to mention your customer focus and problem-solving skills – we love that!
Showcase Your Technical Skills:Since the role involves working with systems like XLPro and Excel, make sure to highlight your technical skills. Mention any experience with Pivot Tables or V-Lookups, as these are key for the job. We appreciate 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 ensures your application goes directly to us. Plus, we love seeing candidates who take the initiative to connect with us directly!
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 for the role.
✨Build Relationships
This role requires strong collaboration with internal stakeholders. Think about examples where you've successfully built relationships in previous roles. Be prepared to share how you communicate effectively with finance teams and other departments to ensure smooth month-end processes.
✨Show Your Problem-Solving Skills
A methodical approach to problem-solving is key in this position. Prepare to discuss specific challenges you've faced in the insurance or reinsurance sector and how you tackled them. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Demonstrate Your Customer Focus
Tokio Marine HCC values a customer-focused mentality. Think of instances where you've gone above and beyond for clients or stakeholders. Be ready to explain how you ensure timely delivery of quality outputs and how you handle feedback or challenges from clients.
