Reinsurance Technician
Arthur are proud to be partnered with a leading Lloyd's syndicate as they look to expand their Ceded Reinsurance Operations division and add a Reinsurance Technician to their team.
The role will focus on providing operational support to the Reinsurance Supervisor and team across all post-bind reinsurance acrivities ensuring they are are conducted promptly and accurately. This is a fantastic opportunity to join an exceptional syndicate as they go through an exciting period of change and automation with many data and system implementation projects upcoming that you will be at the forefront of.
Main Responsibilities:
1. Responsible for managing proportional quota share reinsurance contract processes including policy rules and entries, calculation and rendering of statements, managing reinsurer queries, and other processes
2. Responsible for managing excess of loss reinsurance contract processes including policy entry, claims close and recoveries, dealing with underwriters queries, premium allocations and payments, Premium Adjustment calculations, and other processes
3. Assisting with the processing and handling of Facultative reinsurance processes including policy entry, premium payment, and claims recoveries
4. Responsible for ensuring premium payments are paid effectively and on time
5. Assist with regulatory returns including Lloyd’s SRS where necessary
6. Widespread collaboration with Underwriting, Reserving, Finance, Claims teams
7. Act as a point of contact for Brokers and Reinsurers to resolve reinsurance queries
8. Monitoring and managing credit control and aged debt in area of responsibility
9. Calculation and reconciliation of broker relationship dividends
10. Assist with new system implementation projects
Skills, Knowledge & Abilities
11. Understanding of Lloyd’s and London market
12. Demonstrable experience of working for a Lloyd’s Syndicate and/or Company market in a ceded reinsurance role
13. Good working knowledge of Microsoft Excel
14. Attention to detail, willingness to understand and enhance processes