Reinsurance Technician - London, United Kingdom - eFinancialCareers

eFinancialCareers
eFinancialCareers
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London, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

New Vacancy:
Reinsurance Technician

City of London - Lloyd's MGA
Salary £50,000 - £55,000

An established Lloyd's MGA are looking to add an Reinsurance Technician to work within their growing team.

This is fantastic opportunity to work within an established team, who regularly promote from within.

Experience within an reinsurance technician type role (3-6 years) is required for this position, as well as a Lloyd's background.


Key Responsibilities

  • Effectively implement procedures for accurately calculating the reinsurance asset and issuance of reinsurance recoveries o Achievement of individual and team objectives
  • Calculation of reinsurance recoveries as required
  • Assess the viability of releasing individual reinsurance recoveries
  • Preparation of reinsurance billings and loss advices as required
  • Record and Answer technical queries raised by reinsurers and/or brokers
  • Assist with credit control to ensure timely collection of outstanding balances
  • Assist with and handle commutations as required, to ensure realistic values for the commutation of the company's gross liabilities and ceded assets are achieved.
  • Complete and report on projects as allocated o Ensure effective and timely reporting as required.
For the role - they are expecting someone to have Lloyd's experience and run off knowledge.
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