Reinsurance Technician

Job Title – Reinsurance Technician  

Contract – Permanent

Salary – £65,000

Location – London (Hybrid) 2 Days Per Week Office Based

Purpose of the role

We are currently seeking an experienced Reinsurance Technician. This is a pivotal role within the department focussed on the servicing of outward reinsurance programmes.

Duties and accountabilities

• To analyse the inward claims against the syndicates outward reinsurance programmes.
• To undertake the processing of the reinsurance recoveries and calculation of reinstatement premiums.
• Liaise with brokers, advising and collection of reinsurance claim recoveries.
• Assist with maintaining the syndicate’s reinsurance records and apply to the reinsurance applications and systems.
• Reinsurance credit control processing and reporting of aged debt.
• Processing of premiums and premium adjustment for non-proportional and facultative risk placements.
• Processions quarterly premiums and claims on proportional quote share treaty accounts including calculation of annual profit commission.
• Assist with monthly and quarterly close processing.

Skills, Knowledge And Experience

The successful candidate will:

• Have demonstrable experience working successful in a similar capacity.
• Having previously worked within Lloyds reinsurance market is advantageous.
• Experience and working knowledge of typical Lloyds market reinsurance arrangements to include; Excess of loss, facultative and quota share placements.
• Familiarity with LORS messages and their processing requirements.
• Excellent working knowledge of a full suite of MS Office products to include Word and Excel whilst having the ability to develop a full understanding of in-house reporting capabilities.
• Well developed communication skills both written and oral.
• Excellent stake holder management skills coupled with a high attention to detail.

For extra information please contact:-

London: 0203 411 8430

Email: admin@lawesgroup.co.uk