At a Glance
- Tasks: Support brokers in the full placement lifecycle of treaty reinsurance programmes.
- Company: Join a leading reinsurance firm focused on innovation and collaboration.
- Benefits: Competitive salary, flexible work environment, and opportunities for professional growth.
- Other info: Be part of a diverse team committed to excellence and continuous improvement.
- Why this job: Gain real responsibility and develop expertise in a fast-paced, dynamic setting.
- Qualifications: Experience in placement support or similar roles, with strong attention to detail.
The predicted salary is between 30000 - 40000 £ 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
- Assist in the preparation of renewal and new business presentations
- 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
- Experience in Specialty lines or Delegated Authorities is beneficial but not essential.
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 work environment in London that fosters innovation and collaboration. With a strong commitment to employee growth, we provide opportunities for professional development in cutting-edge cloud infrastructure technologies, while promoting a diverse and inclusive culture. Our focus on operational excellence and adherence to enterprise standards ensures that you will be part of a forward-thinking team dedicated to delivering impactful solutions in the reinsurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Placement Support Technician in Ipswich
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. The more connections we have, the better our chances of landing that Placement Support Technician role.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their placement processes. We should be ready to discuss how our skills align with their needs, especially around compliance and client service excellence.
✨Tip Number 3
Showcase our experience! Bring examples of how we've supported brokers or managed reinsurance contracts in the past. Real-life stories can make us stand out during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed. Plus, it shows we’re genuinely interested in being part of the team.
We think you need these skills to ace Placement Support Technician in Ipswich
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your familiarity with reinsurance processes and any relevant systems like Eclipse or Velonetic. We want to see how you can contribute 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 Placement Support Technician role and how your background aligns with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Attention to Detail:Since this role requires accuracy and compliance, make sure to demonstrate your attention to detail in your application. Whether it's through your CV formatting or the way you present your experiences, we appreciate precision!
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be one step closer to joining our fantastic team at StudySmarter!
How to prepare for a job interview at Willis Re Bermuda
✨Know Your Stuff
Make sure you have a solid understanding of the end-to-end placement process in reinsurance. Brush up on key terms and concepts, especially those related to treaty reinsurance programmes. This will help you answer questions confidently and show that you're genuinely interested in the role.
✨Showcase Your Attention to Detail
Since this role requires accuracy and compliance checks, be prepared to discuss how you've demonstrated attention to detail in your previous roles. Bring examples of how you've ensured quality in documentation or processes, as this will resonate well with the interviewers.
✨Communicate Effectively
As a Placement Support Technician, you'll need to build strong relationships with brokers and clients. Practice articulating your thoughts clearly and concisely. Think about how you can demonstrate your collaborative approach during the interview, perhaps by sharing experiences where teamwork led to successful outcomes.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills and ability to manage competing priorities. Think of specific situations from your past where you successfully navigated challenges, particularly in fast-paced environments. This will help you illustrate your proactive mindset and client service excellence.
