Senior Reinsurance Technician – Various lines

Job title: Senior Reinsurance Technician

Employee status: Permanent, full time

Location: Essex

Salary: Circa £50,000

Job Profile

Description:

Currently seeking experienced Senior Reinsurance professionals in order to work as part of a dedicated team of ten Reinsurance Technicians in Essex. What can you expect:

• As an Senior Reinsurance Technician you will be responsible for various activities for the most complex assigned portfolios i.e., processing of all technical transactional disciplines associated with the assigned role, i.e., Excess Of Loss, Pro Rata or Facultative portfolio.
• Responsible for around three to four assigned client accounts; including reinsurance coverage assessment, processing of premiums and/or loss transactions and associated cash follow up, application and disbursement of funds due.
• The successful candidate will also be required to provide guidance and training to less experienced colleagues as well as performing leadership and business support as assigned by Team or Department Manager.

What you will be rewarded with?

• Competitive Benefits Package including: 27 days annual leave, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
• Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.

Will rely on you to:

• Management of the most complex client base which includes unique lines of business, program structures and reinsurance reporting requirements. Duties to support client base include transactional processing, follow up and securing reinsurance recoveries, collateral and timely and accurate system entry of all assigned client activity.
• Assess and submit client and/or reinsurer presentation materials and communications to resolve questions and secure reinsurer agreement and payment of claims and account balances.
• Work with Market Fiduciary to assist with collection of funds.
• Provide detailed information on accounting/claims process for Request For Proposal (RFP) and sales opportunities.
• Manage settlement of funds to and from Client in a timely manner in order to ensure all applicable contractual payment terms; warranties and/or conditions are met.
• Utilise Key Performance Indicators (KPIs) and other system tools to manage all brokerage receivables, funding, retention, e-trading, post booking receipt, ad hoc reporting requests, payment of funds and all management and transactional process steps to provide services in an efficient, effective and regulatory compliant manner.
• Lead and/or participate in training sessions for CSS Colleagues.
• Coordinate and attend reinsurance audit/reviews with client and reinsurer. Review open claims and/or premium activity, reconcile records, and facilitate review/audit.
• Collaborate with peers on complex or contentious reinsurance developments. Support and provide training, mentoring and guidance within the team and/or department for all aspects of reinsurance service processing.

What you need to have:

• Knowledge of Reinsurance concepts and principles, laws and regulatory requirements (i.e., FSA) and general business trends.
• Track record of successful Client account management, relationship management, engagement and development.
• Proficiency in Microsoft Office Applications (Word, Excel, PowerPoint) required.
• Strong verbal and writing skills for complex communications (presentations, negotiations, etc.) with clients, markets and GC colleagues at all levels.
• Demonstrated ability to work as part of a high performance team. Attention to detail in completing assigned tasks.
• Positive attitude, willingness to offer and execute ideas and solutions to enhance processes within a changing environment.
• Successful management of workload; able to manage expectations of all Clients and Stakeholders.
• Able to challenge appropriately, supporting business cases with facts and information.
• Understanding of project management methodology, stakeholder management, and risk mitigation.
• Able to engage, influence and negotiate with Clients, Markets and Colleagues in a professional manner.
• Consistently deliver superior Client service.

For extra information please contact:- 

London: 0203 411 8430

Email: admin@lawesgroup.co.uk