Senior Reinsurance Technician

Tokio Marine HCC International; Greater London; Hybrid; GBP 40,000 - 68,000; Full time

Job summary

Tokio Marine HCC International is recruiting a Senior Reinsurance Technician in Greater London on a permanent basis. The role partners with Underwriting and finance to ensure accurate outwards contracts and timely broker communications.

We value experience in the Insurance/Reinsurance market, strong problem solving and excellent communication skills, plus proficiency with Excel, Pivot Tables and PowerPoint to support efficient operations.

Qualifications

• Experience from working for an Insurance/Reinsurance Syndicate, Company or Broker.
• In-depth understanding of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective.
• Methodical approach to problem solving and decision making.
• Strong verbal and written communication skills.

Responsibilities

• Understand and create reinsurance contracts in outwards systems.
• Initiate settlement of reinsurance premium to broker and carrier with credit control team.
• Identification and calculation of reinsurance recoveries within reinsurance systems including reconciliations to Finance outputs.
• Submit accurate and timely statements, advices and collection notes to brokers and reinsurers.
• Resolve queries and provide support to front office team working closely with shared services operations.
• Identify potential improvements to processes and services.
• Engage with stakeholders to provide updates on status and knowledge sharing.

Skills

Insurance knowledge

Problem solving

Customer focus

Execution

Teamwork

Communication

Excel (Pivot Tables)

V-Lookups

PowerPoint

Education

Industry recognised qualifications

Tools

Excel

Pivot Tables

V-Lookups

MS PowerPoint

Job description

Job Title: Senior Reinsurance Technician
Reporting to: RI Operations Manager
Direct Reports: None
Position Type: Permanent

Overview

Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose

Act as a key business partner on the Underwriting Line of Business assigned and be accountable for all outwards post placement activity ensuring contracts are captured accurately in outwards system and collections are notified to brokers in a timely manner

Key Responsibilities

• Understand and create reinsurance contracts in outwards systems
• Initiate settlement of reinsurance premium to broker and carrier with credit control team
• Identification and calculation of reinsurance recoveries within reinsurance systems including reconciliations to Finance outputs
• Submit accurate and timely statements, advices and collection notes to brokers and reinsurers
• Resolve queries and provide support to front office team working closely with shared services operations
• Identify potential improvements to processes and services
• Engage with stakeholders to provide updates on status and knowledge sharing

Skills and Experience Specification

Essential

• The successful candidate will require knowledge and experience gained through working for an Insurance/Reinsurance Syndicate, Company or Broker.
• Experience, knowledge and In-depth understanding of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective
• Methodical approach to problem solving and decision making
• Customer focus and service mentality
• Focus on execution and timely delivery of quality outputs
• Self-motivated, can-do attitude and pro-active mindset
• Works well as part of a team and on individual tasks
• Strong verbal and written communication skills, ability and confidence to challenge existing procedures & use of system
• Strong computer skills - knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint

Desirable

• Industry recognised qualifications
• Continuous improvement experience
• Language skills

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer.

Please visit www.tmhcc.com for more information about our companies.

#LI-NW1

Your success is our priority. In a world that is rapidly changing, TMHCC enables you to take on opportunities with confidence. At Tokio Marine HCC, we pride ourselves on hiring the smartest, most conscientious people, who want to make a difference no matter their background. And then we give them the support and trust they need. We’re always looking for curious, creative transformative thinkers who want to change the status quo and have a passion for doing the right thing. If this is you, then we want you on our team.