At a Glance
- Tasks: Support brokers in the full placement lifecycle of treaty reinsurance programmes.
- Company: Join Willis Re, a leader in innovative reinsurance solutions.
- Benefits: Enjoy a hybrid work model, competitive salary, and professional development opportunities.
- Other info: Be part of a diverse and inclusive team with excellent career growth potential.
- Why this job: Gain real responsibility and develop expertise in a fast-paced, collaborative environment.
- Qualifications: Experience in placement support and strong attention to detail required.
The predicted salary is between 27000 - 33000 £ per year.
We are seeking an experienced Placement Support Technician to strengthen our growing team. As a Placement Support Technician, you will play a key role in supporting brokers throughout the full placement lifecycle, from pre-placement activity through to binding and post-placement servicing of treaty reinsurance programmes. You’ll be part of a team building a modern, scalable Placement Support function, contributing to the design of effective processes, driving operational efficiency, and delivering a high quality market-leading client experience within Client Service and Operations. This role offers real exposure, responsibility, and the chance to develop your expertise in a fast-paced, collaborative environment.
Key Responsibilities:
- Support Brokers in the end-to-end placement of treaty reinsurance programmes
- Develop a strong understanding of client portfolios and business needs
- Ensure compliance processes are followed and documented accurately
- Review market security information and adhere to Market Security processes
- Perform second pair of eyes checks to ensure accuracy and quality
- Identify sanctions touchpoints and prepare referrals for approval
- Maintain accurate contractual data within broking systems
- Prepare client documentation, including Evidence of Cover, Debit Notes and Closing Instructions
- Upload premium submissions to Velonetic IMR and resolve queries through to signing
- Calculate, validate and process adjustment premiums and other post-placement activities, ensuring accuracy, appropriate approvals and maintaining accurate records
- Support internal and external audits by providing required documentation and assist with queries
- Build strong relationships with internal teams, clients, and reinsurers
- Manage and resolve queries or discrepancies related to reinsurance contracts
- Support and mentor junior team members to develop their expertise
- Contribute to the development and maintenance of SOPs, guidance materials, and best practices
About You:
- Proven experience in a placement support or similar role within reinsurance broking
- A solid understanding of the end-to-end placement process
- Familiarity with systems such as Eclipse and London Market processes (e.g. Velonetic systems, LORS)
- Strong attention to detail and ability to carry out compliance and accuracy checks
- Confident communicator with a collaborative, team-focused approach to stakeholder management
- Ability to manage competing priorities in a fast-paced environment
- A proactive mindset and drive to continuously improve client service excellence
About Willis Re:
We combine specialist broking with analytics, modeling and research to help insurers optimize risk transfer, strengthen balance sheets and achieve sustainable growth. Our approach is relationship-driven, transparent and outcome-focused. At the heart of Willis Re is a focus on delivering the most cutting-edge analytical solutions to enable more informed, better decision-making for risk selection, portfolio optimization, and capital management. The launch of Willis Re brings a strategic advantage of being unhindered by legacy, an ability to leverage data, statistical models and advanced technologies with the best knowledge and expertise to deliver more efficient and effective reinsurance outcomes. This places Willis Re in a unique position to build a truly analytically driven business, focused on creating solutions for the reinsurance industry that are future led and forward thinking. Willis Re will also leverage recognized technical expertise from WTW’s Insurance Consulting & Technology business including their advanced modeling and analytical capabilities. Alongside this will be WTW’s Research Network, an award-winning business supporting and influencing science to improve the understanding and quantification of risk.
Willis Re is committed to embracing a diverse, inclusive, and flexible work environment. We provide equal opportunity to all qualified individuals regardless of race, colour, religion, age, gender, gender expression, national origin, veteran status, disability, orientation, or any other legally protected categories. If you have a need that requires accommodation, please email us at talentacquisition@willisre.com.
Placement Support Technician in Ipswich employer: Willis Re Bermuda
Willis Re is an exceptional employer, offering a dynamic and collaborative work culture in Ipswich that fosters professional growth and development. As a Placement Support Technician, you will benefit from a hybrid working model, competitive compensation, and the opportunity to work alongside industry experts in a forward-thinking environment focused on innovation and client service excellence. With a commitment to diversity and inclusion, Willis Re ensures that all employees feel valued and supported in their career journeys.
StudySmarter Expert Advice🤫
We think this is how you could land Placement Support Technician in Ipswich
✨Join Insurance Networks
Dive into local insurance networks or associations. Events like the British Insurance Brokers' Association conferences are goldmines for meeting industry professionals and could lead to placements like the one at Willis Re Bermuda. Don't shy away from introducing yourself and chatting about your interest in the field!
✨Leverage University Career Services
Your university's career services are a fantastic resource for securing a placement. They often have connections with companies, including those in the insurance sector like Willis Re Bermuda. Make sure you’re utilising their workshops and career fairs to make yourself visible to potential employers.
✨Get Hands-On with Work Experience
Seek out any additional work experience opportunities, even if they’re short-term. Roles like customer service in an insurance office can give you a foot in the door and useful insights. Plus, it shows future employers, like Willis Re Bermuda, that you’re proactive and eager to learn!
✨Follow Industry Trends
Stay updated on the latest trends and news in the insurance industry. Engaging with content on platforms like LinkedIn will help you join relevant discussions and showcase your knowledge. This could help you stand out when applying for placements at places like Willis Re Bermuda!
We think you need these skills to ace Placement Support Technician in Ipswich
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, strong analytical skills are crucial. Make sure to showcase any relevant coursework or projects that demonstrate your ability to evaluate risk and data. This could be stats, financial modelling, or even case studies that you've tackled during your studies.
Show You're Customer-Focused:Insurance is all about helping customers manage risks and navigate their options. In your cover letter, include specific examples of how you've provided excellent customer service or solved problems for clients in any capacity, be it during part-time jobs or volunteer work.
Tailor Your CV for the Sector:When crafting your CV, make sure you're using language and terminology that's familiar in the insurance field. Highlight any relevant insurance legislation or software skills you have, and mention any internships or courses that specifically relate to insurance. This is your chance to show you know what's what in the industry.
Express Your Eagerness to Learn:As this is a placement, companies will be looking for your motivation to learn and grow within the industry. In your application, don’t hold back! Let us know what you’re keen to learn and how you believe this opportunity at Willis Re Bermuda can kickstart your career in insurance.
How to prepare for a job interview at Willis Re Bermuda
✨Brush Up on Industry Knowledge
Since we're diving into the insurance sector, it’s crucial to brush up on industry trends and key players. Familiarise yourself with terms like underwriting, risk assessment, and claims management to show your solid understanding in the placement interview with Willis Re Bermuda.
✨Bring Your Analytical Skills to the Fore
Be prepared to discuss how you approach problem-solving and risk analysis. You might face case study questions that assess your ability to interpret data and make decisions based on it, which is key in the insurance field.
✨Show Your Eagerness to Learn
As this is a placement, your enthusiasm to learn and grow is paramount. Think about how you can convey your motivation to absorb knowledge quickly and how you can contribute to the team at Willis Re Bermuda while you’re learning.
✨Glam Up Your CV and Work Experience
Tailor your CV to highlight any relevant coursework, projects, or part-time roles that relate to insurance. If you’ve used any specific tools—like actuarial software or data analysis programmes—make sure to mention those. That'll catch their eye!
