Share this:

Reinsurance Technician


Company: Harry Sullivan
Job Ref: 1211/HS
Start Date: ASAP
Hours: Full Time
Location: London, England
Working Term: Permanent Position
Salary: up to £25,000


Description:

Job Title:              Reinsurance Technician

Location:              London


Main Responsibilities:

Facultative

Identification of losses and or circumstances notified under risks having facultative protection.

Review of losses and or circumstances against the terms and conditions of the facultative reinsurance.

Ensure compliance to any contractual reporting requirement such as claims co-operation clauses.

Ensure accurate booking in the reinsurance system of all facultative recoveries.

Preparation of all billing and reserve notifications to brokers and reinsurers.

Dealing with all broker and reinsurer queries in relation to notified losses.

Monitoring each billing through to its conclusion, ensuring that cash is collected in a timely fashion.

Quota Share

Identification of losses and or circumstances notified under risks having quota share protection, where such loss exceeds or potentially exceeds any contractual reporting threshold.

Review of large losses and or circumstances against treaty terms and conditions.

Ensure compliance to any contractual reporting triggers.

Booking of quota share recoveries is an automatic function within the reinsurance system, ensure recoveries are correctly calculated.

Preparation of all large loss notifications and billings and to brokers and reinsurers.

Dealing with all broker and reinsurer queries in relation to notified losses.

Monitoring each billing through to its conclusion, ensuring that cash is collected in a timely fashion.

Excess of Loss

Identification of losses and or circumstances exceeding or potentially exceeding any contractual reporting threshold.

Review of losses and or circumstances against treaty terms and conditions and calculation of the excess of loss recovery.

Calculation of any reinstatement cost.

Manual booking of excess of loss recoveries and reinstatement premium accruals.

Ensure compliance to any contractual reporting triggers.

Dealing with all broker and reinsurer queries in relation to notified losses.

Monitoring each billing through to its conclusion, ensuring that cash is collected in a timely fashion.

General

Ensure adherence to internal controls.

Take ownership of recovery data.

Provision of data necessary for both internal and external reporting.

Work closely with claims handlers and provide gross/net scenarios as may be required.

Maintain a database detailing all reportable losses.

Liaise with reinsurance purchasers and prepare renewal information as may be required.

Good system skills.

Prerequisites

Work in client offices

Understanding of all major types of reinsurance i.e. Facultative, Quota Share and Excess of Loss.

Ideally experience in all classes of reinsurance

Good IT skills with an intermediate level or higher knowledge of Microsoft Excel and Word.

 





Dont want to register? Why not send a 'Quick Application' using the form below.
Upload CV
Must be of type: rtf, doc, pdf, docx, html or txt
Please enter your name and email address so the recruiter can contact you.
Contact Name:
Contact Email:
Cover Letter You can optionally enter a brief cover letter to accompany the CV.