Reinsurance Technician

Taylor James Resourcing; City Of London; On-site; GBP 35,000 - 45,000; Full time

Job summary

A reputable recruitment firm in London is seeking an experienced Reinsurance Technician to administer reinsurance recovery activities. This role involves managing collections, producing risk and claim information, and ensuring compliance with deadlines. The ideal candidate will possess strong financial and project management skills. The position offers a salary between £35,000 - £45,000 per annum with a generous benefits package.

Qualifications

• Experience in reinsurance recovery for excess of loss and facultative accounts.
• Ability to manage collections and payments efficiently.
• Knowledge of compliance with administrative deadlines.

Responsibilities

• Help administer reinsurance recovery activities for a syndicate.
• Calculate and monitor reinsurance collection notes.
• Produce Risk and Claim bordereaux to support accounts.

Skills

Reinsurance recovery administration

Compliance management

Financial calculations

Project management

Job description

Overview

Quick Registration First Name * Last Name * e-mail * Phone * Sector Location

Client Onboarding KYC Associate. 5 days in office,

Senior HR Manager with Financial Services experience

HR Business Partner. to £65,000This well established

Our client is looking for a Talent Development Specialist

We are looking for a Deputy Group Company Secretary

Date: 13 Feb 2025 Sector: INSURANCE Type: Permanent Location: London Salary: £35000 - 45000 per annum Email: [e-mail] Ref: BT431

Reinsurance Technician to £45,000

Reinsurance Technician – Responsibilities

This leading Lloyd’s underwriters has an excellent market reputation and offer a dynamic but extremely friendly and inclusive working environment combined with a generous benefits package. They are now looking for an experienced Reinsurance Technician to join their City of London operation.

The main purpose of this role is to help administer reinsurance recovery activities for a syndicate and an insurance company in addition to providing renewal information to assist in the purchase of reinsurance coverage.

• Reinsurance recoveries for excess of loss, proportional and facultative accounts
• Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
• Premium Adjustments, Profit Commission & NCB calculations
• Manage collection and payment of recoveries and premium, and manage aged debt
• Compliance with the Reinsurance Administration Department’s month/quarter end deadline requirements
• Produce Risk and Claim bordereaux to support reinsurance accounts
• Produce renewal presentation information
• Respond to Broker/Reinsurers queries in a timely manner
• Cover note administration, including the recording of reinsurance information into in-house systems
• Review of tasks completed by outsourcing partner
• Project work including assistance with the testing and implementation of new software and processes and release testing of current systems
• Review and update procedure manuals in an accurate and timely manner