Department:

Reinsurance Administration

Reports to:

RI Administration Manager 

Days of work:

Monday to Friday inclusive.

Hours of work:

35 Hours per week. 9.30 am to 5.30 pm, or other times as may be required.

Job Summary:

Event coding of inward losses.
Lors validation.
Assistance with Reinsurance recoveries.
General departmental administration tasks.

Event Coding:

Apply event codes to claims items daily.
Run monthly reports to review event coded items.

Lors Validation:

Daily monitoring and processing of Lors’ transactions.
Daily processing of the items through the database system.

Reinsurance Recoveries:

Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
Comply with department’s quarter end deadline requirements
Respond to reinsurers queries in a timely manner

Other tasks:

Assist in the production of the Department’s Quarter End Timetables.
Producing Department’s claim movement reports on a weekly and monthly basis.
Assisting with the production of Syndicate XL Premium adjustments within set-time frames.
Project work – assist in the testing and implementation of new software.
Review and update procedure manuals in an accurate and timely manner.

Relevant Experience:

Desirable – Reinsurance experience
Desirable - Experience with a Lloyd’s syndicate

Technical Skills/Competencies:

Essential – Excel, intermediate.
Essential – Word, intermediate.
Essential - Microsoft office, intermediate.
Desirable – experience with the ‘Lors’ systems.
Desirable – experience with a database system. 

Education and Qualifications:

Essential – GCSE ‘O’ Level English and Maths Grade C or above (or equivalent)
Desirable – 3 ‘A’ Level passes (or equivalent).
Desirable – LLMIT.

Specialist Training:

Full training on the company software and systems will be given.

Personal Skills:

Professional, accurate, energetic, enthusiastic, ambitious and hard-working.