Reinsurance Technician - Pro Rata

Internationalinsuranceprofessionals; Witham; Hybrid; GBP 24,000 - 36,000; Full time

Benefits offered by this job

Free parking close to Witham office

Study support towards CII

Finish Early Friday

Job summary

Marsh is hiring a Pro Rata Technician in our Client Support Services team. The role offers hybrid working with home 2 days a week and 3 days in the Witham office, handling transactional processing to secure reinsurance recoveries.

You will work with reinsurance professionals in Witham and London, gaining end-to-end responsibility for a client portfolio and developing technical experience in a broker environment. Training and study support towards CII qualifications are provided.

Qualifications

• Reinsurance Premium/Claims experience
• Competent Excel skills and proficiency in Microsoft Office
• Willingness to learn and develop knowledge of technical account structure
• Successful management of workload; with an ability to manage expectations

Responsibilities

• Manage an assigned client portfolio, taking full responsibility of technical duties relating to client accounts
• Work with Market Fiduciary to assist with collection of funds
• Manage all Pro Rata post, brokerage receivables, funding, retention, e-trading, ad hoc reporting requests, and all transactional process steps. Renewals included
• Promote, build and maintain relationships with Brokers, Clients and Markets
• Participate in training sessions and provide input within the team for all aspects of reinsurance service processing

Skills

Reinsurance experience

Excel

Learn mindset

Workload management

Tools

LORS

IMR

CLASS system

Citibank process

Job description

Our Client Support Services department have an opportunity for a Pro Rata Technician. This is available on a hybrid basis, offering home working for 2 days a week, with the other 3 days based in our office in Witham.

As a Pro Rata Technician, you will support our client base through transactional processing, securing reinsurance recoveries through timely and accurate system entry.

The ideal candidate will have some knowledge of reinsurance whether that be within Pro Rata, Treaty, XOL or Reinsurance Premiums/Claims.

What can you expect:

• Work with Reinsurance professionals across Witham and London with experience and technical knowledge.
• Gain significant experience of working within a technical capacity for a Broker
• Apply your experience and further development within a role that's truly progressive and offers full end-to-end responsibility of a client portfolio
• Be part of a global business that works with clients of all sizes to define, design and deliver innovative solutions to better quantify and manage risk
• Free parking close to the Witham office
• Support with study towards CII qualifications and provide opportunities to help you learn and progress in your career.
• From May until the 29th of August, Guy Carpenter offers flexible 'Finish Early Friday' working hours, allowing employees to finish at 1PM on Fridays (providing your schedule and workload allow)

We will rely on you to:

• Manage an assigned client portfolio, taking full responsibility of technical duties relating to client accounts.
• Work with Market Fiduciary to assist with collection of funds.
• Manage all Pro Rata post, brokerage receivables, funding, retention, e-trading, ad hoc reporting requests, and all transactional process steps. This is inclusive of renewals
• Promote, build and maintain relationships with Brokers, Clients and Markets
• Participate in training sessions and provide input within the team and/or department for all aspects of reinsurance service processing to assist with troubleshooting.

What you need to have:

• Reinsurance Premium/Claims experience, ie; handling cash loss/large loss
• Competent Excel skills and proficiency in Microsoft Office Applications.
• Willingness to learn and develop knowledge of technical account structure.
• Successful management of workload; with an ability to manage expectations.

What makes you stand out:

(These skills are not essential)

• Reinsurance Claims experience
• Experience within Pro Rata
• Experience of working in a technical capacity for a Broker
• Experience of using London Market systems such as LORS and the IMR (Insurance Market Repository)
• Knowledge of CLASS system is useful for review of London market queries
• Knowledge of Letters of Credit and the Citibank process

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

# Hybrid

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [e-mail].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.