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Junior Reinsurance Technician, Colchester
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Client:
Hiscox
Location:
Colchester, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
78308e641e43
Job Views:
7
Posted:
12.07.2025
Expiry Date:
26.08.2025
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Job Description:
Job Type: Permanent
Build a brilliant future with Hiscox
Position: Junior Outwards Reinsurance Technician
Reporting to: Senior Reinsurance Technician
Band: I
Location: Colchester
Type of role: 12 months FTC
Are you a team player? At Hiscox we all pull together to meet challenging deadlines across a diverse range of tasks to produce excellent results. We are hardworking, detail-oriented, and thrive under pressure. If this sounds like you and you’re looking to work within a friendly and welcoming team based in Colchester, then read on.
As a Junior Reinsurance Technician, you will work as part of a close-knit and very welcoming team, handling Outwards Reinsurance processes, recoveries, and accruals for the Hiscox group. We liaise with Reinsurance Purchase, Underwriters, MI, Claims, and other internal teams, along with external brokers.
There will be on-the-job training to learn all aspects and processes of Reinsurance, including Excess of Loss, Pro Rata, and Facultative Reinsurance.
The work is diverse as we deal with Reinsurance across the entire Hiscox Group. Our goal is to meet all Quarter-End deadlines and collect Reinsurance Recoveries promptly. We aim to keep everyone satisfied, including ourselves!
Principal Duties and Responsibilities:
* Group RI calculations – facultative, excess of loss, and Pro Rata
* Advice / collecting notes sent to Brokers
* Cover note processing and premium payment
* Calculation of premium adjustments
Person Specification:
* At least 1 year of experience within the Insurance or Reinsurance industry
* Ability to manage own workloads
* Team player
* Good IT skills, including Excel
Nice to have:
* Experience dealing with all types of Reinsurance
* Insurance Qualifications
Diversity and flexible working at Hiscox
At Hiscox, we care about our people. We hire the best and are committed to diversity and creating an inclusive culture, which we believe drives success. We also support flexible working arrangements, including a hybrid model with a couple of days in the office per week, to promote a healthy work-life balance.
Work with amazing people and be part of a unique culture.
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