Senior Reinsurance Technician

Senior Reinsurance Technician

Job Market - Insurance

Senior Reinsurance Technician - About the role

To manage all post-placement activity relating to the parts of the outwards reinsurance programme assigned by the Reinsurance Operations Manager.

Senior Reinsurance Technician - Key duties

Keeping accurate and up to date records of outwards reinsurance EOCs on and XL Pro.

Proportional Reinsurance (both facultative and treaty). Production, communication and settlement of

Statements and bordereaux at contractual intervals

Profit Commission statements

Collateral statements

Non-proportional reinsurance. Production, communication and transaction of:

Deposit premium

Recoveries & reinstatement premiums

Premium adjustments and legal entity allocation

NCB calculations

Responding to broker/reinsurer queries promptly

Development of less experienced team members

Producing information including claims information in support of outwards treaty renewals

Review of tasks outsourced to DXC and liaison with them

Play a part in:

testing and implementation of new software and processes

review and updating of process and procedure manuals

production of management information

Senior Reinsurance Technician - Key requirements

Experience in an outwards reinsurance role within the London market

Used to working with large amounts of data and highly proficient in Microsoft Excel i.e. used to working with pivot tables, vlookups etc.

XL Pro or other automated outwards reinsurance system

Knowledge

Knowledge of the Lloyd's market systems and processes