At a Glance
- Tasks: Create and manage reinsurance contracts while ensuring timely settlements.
- Company: Join Tokio Marine HCC, a leading global specialty insurer.
- Benefits: Competitive salary, great benefits, and a dynamic work environment.
- Other info: Opportunities for career growth in a supportive and collaborative culture.
- Why this job: Be part of a growing team that values innovation and customer commitment.
- Qualifications: Experience in insurance/reinsurance with strong problem-solving skills.
The predicted salary is between 49500 - 60500 £ per year.
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 business partner on the Underwriting Line of Business assigned and be accountable for all outwards post placement activity ensuring contracts are captured accurately in outwards system and collections are notified to brokers in a timely manner.
Key Responsibilities:
- 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
- Resolve queries and provide support to front office team working closely with shared services operations
- Identify potential improvements to processes and services
- Engage with stakeholders to provide updates on status and knowledge sharing
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 and in-depth understanding of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective
- 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.
Senior Reinsurance Technician employer: Tokio Marine HCC
Tokio Marine HCC is an exceptional employer located in Bridgend, offering a dynamic work environment where employees can thrive and develop their skills in the insurance sector. With a strong emphasis on teamwork and professional growth, we provide comprehensive training and support, ensuring that our staff are well-equipped to excel in their roles. Our commitment to maintaining high service standards fosters a culture of excellence, making it a rewarding place for motivated individuals to build their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reinsurance Technician
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Tokio Marine HCC). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Tokio Marine HCC. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Reinsurance Technician
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Tokio Marine HCC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tokio Marine HCC. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tokio Marine HCC to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Tokio Marine HCC, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Tokio Marine HCC's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
