Reinsurance Technician

Reinsurance Technician

Brighton

Negotiable Salary + Excellent Benefits

We are currently recruiting for a Reinsurance Technician on behalf of our client, a highly regarded and very well-known Lloyd's/London market business.

The key purpose of the role is the collection of the company’s reinsurance assets through accurate calculation and issuance of recoveries, commutations, and liquidation management techniques.

Key Responsibilities

• Effectively implementing procedures for accurately calculating the Reinsurance asset and issuance of Reinsurance recoveries.
• Calculating Reinsurance recoveries as required.
• Assessing the viability of releasing individual reinsurance recoveries.
• Preparing Reinsurance billings and loss advices as required.
• Recording and answering technical queries raised by Reinsurers and/or Brokers.
• Assisting with Credit Control to ensure timely collection of outstanding balances.
• Assisting with and handling commutations as required, ensuring realistic values for the commutation of the company’s gross liabilities and ceded assets are achieved.
• Completing and reporting on projects as allocated.
• Ensuring effective and timely reporting as required.

Key Requirements

• At least 2 years experience within Reinsurance Technical Issuance, with experience of Reinsurance recoveries calculations. Outwards Reinsurance experience is essential.
• Project management and risk management techniques.
• An understanding of international insurance market operations, with particular regard to run-off.
• Knowledge of market procedures for the settlement of Lloyd's and Non-Lloyd's balances.

Keywords: Reinsurance Technician; Reinsurance; Reinsurance Technical Issuance; Lloyd's Market; London Market; Lloyd's Syndicate

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