RiverStone International is an established global non-life run-off insurance business specialist with more than 25 years of experience. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S., and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring over US $17.3 billion of gross liabilities since 2010 and with around US $6.9 billion of liabilities currently under management.
The Reinsurance Technician will be responsible for assisting with the collection of the Company’s reinsurance asset through accurate calculation and issuance of recoveries, commutations and liquidation management techniques.
This role will be based in any of our UK offices.
Responsibilities
* To assist with the collection of reinsurance asset through accurate calculation and issuance of recoveries, commutations and liquidation management techniques
* Effectively implement procedures for accurately calculating the reinsurance asset and issuance of reinsurance recoveries
* Preparation and calculation of reinsurance billings and loss advices as required
* Record and answer technical queries raised by reinsurers and/or brokers
* Assist with Credit Control to ensure timely collection of outstanding balances
* Assist with and handle commutations as required, to ensure realistic values for the commutation of the company’s gross liabilities and ceded assets are achieved
* Attend large loss roundtables
* Suggest and implement process improvements
* Complete and report on projects as allocated
* Ensure effective and timely reporting as required
* Achievement of individual and team objectives
Requirements
* 3 years experience within Reinsurance technical issuance advantageous
* Knowledge of international insurance markets with particular regard to run-off, alongside market procedures for the settlement of Lloyd’s and Non-Lloyd’s balances
* Ability to calculate reinsurance recoveries across Proportional and Non-Proportional Treaty and Facultative contract
* Good interpersonal skills, such as clear communication and adaptability
* Strong numerical and Excel skills and a high attention to detail
* Able to plan effectively and manage own time to meet deadlines
* Ability to work collaboratively in a fast-paced, team-oriented environment
* Strong analytical and decision-making abilities
Benefits
We believe in taking care of our team and helping our employees thrive both professionally and personally.
Our benefits include:
* Private Medical and Dental cover – Comprehensive Private Medical and Dental Insurance schemes with Bupa
* Health and Wellness –including access to our Employee Assistance Programme, Headspace subscription, Mental Health First aiders at each site, up to five funded counselling sessions per year, annual health check-up and eye test voucher
* Wellbeing Allowance – Can be used towards either physical or mental health wellbeing activities
* 25 days’ holiday per year – plus bank holidays and office closure on Christmas Eve. Holiday entitlement increases with length of service
* Bonus scheme – dependent on achieving individual, department and company goals
* Pension – a non-contributory defined contribution pension scheme
* Life Assurance – provides a lump sum 10 x your salary
* Permanent Health Insurance Scheme – scheme pays benefits during a prolonged period of illness or disability lasting more than 26 weeks
* Parental Leave – Enhanced Maternity, Paternity and Shared Parental Leave policy
* Training and development – Company funding for professional qualifications that would be beneficial for your role
* Volunteering and charity – triple matching donations made independently or via our Give As You Earn scheme, and two paid volunteering days per year to help give back to our local communities
* Cycle To Work Scheme – a tax efficient way to purchase a bicycle
* Interest Free Travel Loan – to assist with commuting costs
* Travel Insurance – business and personal travel
* Sports and Social – active sports and social committee that organizes subsidised events
Our standard working hours are from 09.30 a.m. to 5.30 p.m. Full time employees are to be in the office for 3 days per week, with 2 days working from home.
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