Reinsurance Resource - London, United Kingdom - Davies Group

Davies Group

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Part time

Description

Senior Reinsurance Technician

Role Profile

Introduction
An opportunity has arisen for a Reinsurance professional, with Lloyd's market reinsurance experience, to lead day-to-day post-placement reinsurance operations.

We are looking for

Sound technical knowledge and broad practical experience of postplacement reinsurance operations
Familiarity with reinsurance structures
A dynamic team player with a handson and cando approach
Experience of reinsurance processing within policy administration systems and comfortable working with spreadsheets and data
Effective communication and stakeholder engagement skills
Organisational skills

Key Responsibilities

The administration of all outward reinsurance matters, including full close process
Maintain Reinsurance procedure documentation
Compliance with market practice, including Lloyd's Key Principles and submission of returns such as Lloyd's SRS.
Communicating with all stakeholders, internal as well as external, including reinsurers and brokers
The calculation and booking of premium adjustments and reinsurance recoveries
Support reinsurance placement as appropriate
Review the relevant documentation including placing slips, cover notes and contract wordings and identify and raise any matters, together with proposed solutions
Complete Reinsurance risk and control procedures and document supporting evidence
Chair and produce meeting packs for the monthly Reinsurance Business Working group
Be a member of and / or attend internal committees and working groups as appropriate
Monitor and update rating records of all reinsurers and their cumulative concentration exposures
Maintain reinsurance resumes
Assist the finance function to assess actual vs budget/forecast spend
Processing reinsurance LORS entries and subsequent cash allocation against the ledger
Perform reinsurance credit control, ensuring that both outwards payments and inward recoveries are settled within agreed terms
Make use of any existing systems capabilities and identify process improvements/automation wherever practicable
Develop the Reinsurance Plus system which will replace some spreadsheet driven processes i.e. reinsurance resume