At a Glance
- Tasks: Support brokers in the full lifecycle of treaty reinsurance placements.
- Company: Join Willis Re, a leader in innovative reinsurance solutions.
- Benefits: Gain real exposure, responsibility, and career development in a collaborative environment.
- Other info: Diverse and inclusive workplace with opportunities for growth.
- Why this job: Make an impact in a fast-paced role while developing your expertise.
- Qualifications: Experience in placement support and strong attention to detail required.
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.
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.
Placement Support Technician in Ipswich employer: Willis Re
Willis Re is an exceptional employer that fosters a collaborative and inclusive work culture, providing Placement Support Technicians with the opportunity to develop their expertise in a fast-paced environment. Employees benefit from strong mentorship, exposure to cutting-edge analytical solutions, and a commitment to professional growth, all while contributing to a market-leading client experience in the reinsurance sector. With a focus on diversity and flexibility, Willis Re ensures that every team member feels valued and empowered to excel.
StudySmarter Expert Advice🤫
We think this is how you could land Placement Support Technician in Ipswich
✨Tap into University Career Services
Your university’s career services are a goldmine for placements in banking and financial services. They often have direct connections with top firms and can help you land internships like the one at Willis Re. Don’t miss out on career fairs and employer presentations – make the most of these opportunities!
✨Get Involved with Finance Societies
Join or become active in finance and investment societies at your uni. These societies often host networking events and workshops that can connect us with potential employers. Plus, you’ll pick up valuable insights and skills while meeting like-minded peers!
✨Attend Industry Events and Conferences
Keep an eye out for finance-related events and conferences in your area, especially as they’re great spots to meet professionals in the industry. Look for events that specifically focus on banking or investment, as they often lead to placement opportunities, including roles at Willis Re.
✨Tailor Your Networking Approach
When you’re networking, be genuine and specific about your interests in banking. Use platforms like LinkedIn to connect with professionals, and don’t hesitate to reach out to them for advice. If you’re targeting a placement at Willis Re, mentioning it during chats can set you apart and show your enthusiasm!
We think you need these skills to ace Placement Support Technician in Ipswich
Some tips for your application 🫡
Highlight Your Academic Achievements:In the banking and financial services sector, your grades can really make a difference. Make sure to include your latest academic results and any relevant coursework, especially if you’ve studied finance, economics, or related fields. We love seeing strong performance in quantitative subjects!
Showcase Relevant Experience:Even though this is a placement, having some experience—like internships, part-time jobs, or university finance clubs—can set you apart. Talk about any finance-related projects or roles you've held, and quantify your achievements where possible. Think of tangible skills you gained that are applicable to the role!
Tailor Your CV to the Role:This isn’t a one-size-fits-all situation. When crafting your CV, make sure to tailor it specifically for the role at Willis Re. Highlight skills like analytical thinking, attention to detail, and any software proficiency—like Excel or financial modelling tools—that could be relevant. We want to see that you’re ready to jump right in!
Craft a Convincing Cover Letter:Use your cover letter to express your motivation for pursuing a placement in banking and financial services at Willis Re. It’s a great chance to show your passion for finance and your eagerness to learn from industry professionals. Share why you think this setting is perfect for your personal and professional growth!
How to prepare for a job interview at Willis Re
✨Mastering Financial Fundamentals
Since you're diving into the banking and financial services sector, brush up on the basics like financial ratios, market trends, and key economic indicators. Be ready to tackle questions that test your understanding of these concepts — they might even throw in a case study for you to solve on the spot!
✨Polish Your Analytical Skills
Analytical skills are crucial in banking, so prepare to demonstrate yours. You could be given hypothetical scenarios involving data sets or client portfolios during the interview. Practise walking through your thought process clearly — showing how you approach problems will impress the interviewers at Willis Re.
✨Highlight Your Willingness to Learn
As this is a placement, they will want to see your eagerness to learn and grow in the industry. Share examples from your studies or any projects where you showcased your ability to pick up new skills quickly. This will show that you're adaptable and ready to tackle real-world challenges.
✨Showcase Your Passion for the Industry
Let your enthusiasm for banking and financial services shine through! Discuss recent news, trends, or developments that excites you, especially those relevant to Willis Re. This will not only demonstrate your knowledge but also your genuine interest in the role and company culture.
