Senior Reinsurance Technician

City of London
Salary to £45,000 depending on knowledge and experience

About the Company:
Respected Company who provide professional services to the Lloyds, London and International Insurance Markets

About The Role:
Looking for a Senior Reinsurance Technician to join an experienced and busy team. The successful candidate will have good outwards reinsurance technical skills from cradle to grave, from M&D premium through to claims calculations and pretty much everything in between!

Facultative, Quota Share & Excess of Loss Reinsurance

  • Accurate Cover note interpretation.
  • Knowledge of premium terms including calculation of adjustment premium.
  • Identification of losses and or circumstances which may trigger reinsurance reporting thresholds.
  • Review of losses and or circumstances against the terms and conditions of the reinsurance contract.
  • Ensure compliance to any contractual reporting triggers.
  • Ability to calculate reinsurance recoveries against a complex Reinsurance programme.
  • Knowledge of Reinsurance credit control function
  • Assist with the implementation of new Ceded Reinsurance systems through project phases.
  • Peer review Ceded Reinsurance record entry into source systems.

Key Experience:

  • Understanding of the full end to end Reinsurance process from Placement through to Credit Control and Reporting.
  • Strong IT skills with an intermediate/advanced level of Microsoft Excel, Word and PowerPoint.
  • Good communication skills, both written and verbal.
  • Level of experience probably gained from around 5 years’ experience within the London market

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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