At a Glance
- Tasks: Interpret cover notes, calculate premiums, and ensure compliance with reinsurance contracts.
- Company: Rapidly growing professional services firm partnering with top global insurance companies.
- Benefits: Flexible hybrid working, competitive salary, and opportunities for career advancement.
- Other info: Client-facing role with a focus on data improvement and compliance.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: 5 years' experience in the London market and strong IT skills.
The predicted salary is between 40000 - 40000 £ per year.
Edenbrook are currently recruiting for a Senior Bordereaux Technician for a rapidly growing specialist professional services firm that works in partnership with leading insurance companies globally. The successful candidate will enjoy a client facing role with a strong bordereaux background with Lloyd’s systems exposure.
Responsibilities
- Accurate Cover note interpretation.
- Understand premium terms and how to calculate premium adjustments.
- Identify factors which may lead to reinsurance reporting thresholds.
- Review factors against the terms and conditions of the reinsurance contract.
- Ensure compliance to any contractual reporting triggers.
- Calculate reinsurance recoveries against a complex Reinsurance programme.
- Knowledge of Reinsurance credit control function.
- Assist with the process of new Ceded Reinsurance systems.
- Review Ceded Reinsurance record entry into source systems.
- Adherence to internal controls, including Risk and SOX controls.
- Improve the current provision of data necessary for internal and external reporting.
Experience
- Understanding the full Reinsurance process from Placement through to Credit Control and Reporting.
- Strong IT skills with an intermediate/advanced level of Microsoft Excel, Word and PowerPoint.
- Around 5 years’ experience within the London market.
Senior Bordereaux Technician in Essex employer: Weareedenbrook
Edenbrook is an exceptional employer, offering a dynamic work environment that fosters professional growth and collaboration. With flexible hybrid working arrangements in Essex, employees benefit from a supportive culture that values innovation and client engagement, making it an ideal place for those looking to advance their careers in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Bordereaux Technician in Essex
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who have experience with bordereaux. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd’s systems and reinsurance processes. We recommend practising common interview questions related to premium adjustments and compliance to show you're the right fit for the role.
✨Tip Number 3
Showcase your skills! Create a portfolio or a presentation that highlights your experience with complex reinsurance programmes and data reporting. This will help you stand out during interviews and demonstrate your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace Senior Bordereaux Technician in Essex
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to highlight your experience in bordereaux and reinsurance. We want to see how your skills match the job description, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Senior Bordereaux Technician role. Share specific examples from your past that demonstrate your expertise and passion for the industry.
Show Off Your IT Skills:Since strong IT skills are a must, make sure to mention your proficiency with Microsoft Excel, Word, and PowerPoint. If you have any specific projects or tasks where you used these tools effectively, include them!
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 ensures you don’t miss out on any important updates!
How to prepare for a job interview at Weareedenbrook
✨Know Your Bordereaux Inside Out
Make sure you brush up on your bordereaux knowledge before the interview. Understand the nuances of cover note interpretation and premium adjustments, as these are key areas they'll likely focus on. Being able to discuss specific examples from your experience will show you're not just familiar with the terms but can apply them in real-world scenarios.
✨Showcase Your IT Skills
Since strong IT skills are a must for this role, be prepared to discuss your proficiency with Microsoft Excel, Word, and PowerPoint. Consider bringing along examples of reports or analyses you've created in Excel that demonstrate your advanced skills. This will help you stand out as a candidate who can hit the ground running.
✨Understand Reinsurance Processes
Familiarise yourself with the entire reinsurance process, from placement through to credit control and reporting. Be ready to explain how you've navigated these processes in your previous roles, especially any challenges you've faced and how you overcame them. This will show your depth of understanding and practical experience.
✨Prepare Questions About Compliance and Controls
Since adherence to internal controls, including Risk and SOX controls, is crucial, prepare thoughtful questions about how the company manages these aspects. This not only shows your interest in compliance but also demonstrates that you’re proactive about understanding their operational framework.
