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Reinsurance Technician

  • Location:

    London

  • Sector:

    Digital Marketing & Sales

  • Job type:

    Permanent

  • Salary:

    + Benefits

  • Contact:

    Jack Bampton

  • Contact email:

    Jack.Bampton@weareoliverjames.com

  • Job ref:

    JOB-042021-140826_1619187277

  • Published:

    24 giorni fa

  • Expiry date:

    2021-05-23

  • Startdate:

    ASAP

Leading specialist insurer is currently recruiting for a reinsurance technician to join a high performance team going through a period of change.

Responsibilities

  1. The collection of reinsurance asset through accurate calculation and issuance of recoveries, commutations and liquidation management techniques
  1. Effectively implement procedures for accurately calculating the reinsurance asset and issuance of reinsurance recoveries
  2. Achievement of individual and team objectives
  3. Calculation of reinsurance recoveries as required
  4. Assess the viability of releasing individual reinsurance recoveries
  5. Preparation of reinsurance billings and loss advices as required
  6. Record and Answer technical queries raised by reinsurers and/or brokers
  7. Assist with credit control to ensure timely collection of outstanding balances
  8. Assist with and handle commutations as required, to ensure realistic values for the commutation of the company's gross liabilities and ceded assets are achieved.
  9. Complete and report on projects as allocated
  10. Ensure effective and timely reporting as required.
  11. Have an awareness of the Treating Customers Fairly ("TCF") and Conduct Risk strategies
  12. Have an awareness of Data Protection legislation, including the Data Protection Act and the General Data Protection Regulations

Necessary Experience

3 year's technical reinsurance experience

Demonstrable knowledge of international insurance markets; reinsurance recoveries; reinsurance systems & procedures; Market procedures for the settlement of Lloyds and non-Lloyds balances.

Full job spec available on request

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