Senior Reinsurance Technician

Oliver James; Greater London; On-site; GBP 45,000 - 75,000; Full time

Job summary

Oliver James Group is seeking a Senior Reinsurance Technician for a permanent role within the Finance department. You will own end-to-end reinsurance programmes, manage core system data for policy terms, premiums, commissions and recoveries, and collaborate with internal and external partners to drive timely settlements.

The ideal candidate has solid experience in the insurance industry, strong contract interpretation skills, and a proactive, delivery-focused mindset to support change and

Qualifications

• Experience in the insurance industry with reinsurance knowledge.
• Ability to interpret and analyse reinsurance contracts.
• Ability to work autonomously and manage workload.
• Strong relationship-building with internal and external parties.

Responsibilities

• Take ownership for assigned programmes of reinsurance and own processes end to end.
• Keep stakeholders and leadership informed without prompting.
• Create reinsurance risks in core systems, ensuring policy terms and system functionality drivers are accurately recorded and maintained.
• Ensure all reinsurance premiums, commissions and expenses are correctly calculated, booked, advised and settled under Contractual Terms.
• Ensure the timely and accurate calculation and issuance of reinsurance recoveries in respect of paid claims and outstanding reserves, responding to all reinsurer queries in line with key performance indicators.
• Accurately record all reinsurance recoveries in core systems.
• Develop strong relationships with key internal and external parties, to expedite the receipt of reinsurance funds and reduce dispute risk.

Skills

Reinsurance knowledge

Stakeholder management

Contract language interpretation

Accounting basics

Delivery oriented

Autonomous working

Job description

Senior Reinsurance Technician

Client Overview

Our client operates in the insurance industry and is recruiting a Senior Reinsurance Technician for a permanent position within the Finance department.

Role and Responsibilities

Take ownership for assigned programmes of reinsurance and own processes end to end. Keep stakeholders and leadership informed without prompting.

Create reinsurance risks in core systems, ensuring policy terms and system functionality drivers are accurately recorded and maintained.

Ensure all reinsurance premiums, commissions and expenses are correctly calculated, booked, advised and settled under Contractual Terms.

Ensure the timely and accurate calculation and issuance of reinsurance recoveries in respect of paid claims and outstanding reserves, responding to all reinsurer queries in line with key performance indicators. Accurately record all reinsurance recoveries in core systems.

Develop strong relationships with key internal and external parties, to expedite the receipt of reinsurance funds and reduce dispute risk.

Key Skills

Previous experience in the insurance industry and possess a strong demonstrable knowledge of how to facilitate all aspects of reinsurance post-placement.

Bring energy, drive and a consistently constructive approach, engaging positively with change and contributing openly to new ideas.

Demonstrate the ability to interpret and analyse reinsurance contract language, in order to correctly assess the applicability of cover. A basic understanding of accounting principles and practices would be beneficial.

Be delivery oriented, motivated to succeed and energised to intentionally drive their own personal development. A capacity to learn is imperative and initiative is highly valued.

Work autonomously and be capable of prioritising their own workload, anticipating what needs to be done ahead of being asked and taking ownership for outcomes.