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    Senior Reinsurance Technician - Greater London, United Kingdom - Bruin

    Bruin
    Bruin Greater London, United Kingdom

    3 days ago

    Default job background
    Insurance
    Description

    Senior Reinsurance Technician

    About Us: Join a dynamic team at a leading player in the insurance and reinsurance broking market. We are seeking a highly skilled and experienced Senior Reinsurance Technician to contribute to our success in providing exceptional service to clients. This is an exciting opportunity to work in a fast-paced environment and make a significant impact on operations.

    Key Responsibilities:

    LORS System Management:

    • Utilize the LORS system for efficient collection/payment of Reinsurance monies with Lloyd's syndicates

    Excel Spreadsheet Analysis:

    • Conduct detailed analysis and processing of Excel spreadsheets to ensure accuracy and compliance

    Policy Entry and Premium Accounting:

    • Use in-house systems to create policy entries
    • Process premium accounting bordereaux and enter data onto the company's in-house system

    Treaty Processing:

    • Efficiently handle treaty processing tasks to support the smooth operation of reinsurance agreements

    Client Liaison:

    • Communicate with clients to ensure prompt payment of premiums and address any inquiries or concerns

    Payment Reconciliations:

    • Perform reconciliations for premium and claims payments to maintain accurate financial records

    Monthly Brokerage Targets:

    • Collaborate with the team to ensure monthly brokerage targets are met and contribute to the overall success of the department

    Renewal Statistics and Evidences of Cover:

    • Prepare renewal statistics to facilitate decision-making processes
    • Generate evidences of cover to meet contractual obligations

    Conduct and Compliance:

    • Support the implementation of good conduct within the business for optimal outcomes for customers and policyholders
    • Ensure compliance with PRA and FCA conduct rules

    Qualifications and Experience:

    • Proven experience as a Reinsurance Technician, preferably in a Lloyd's Broker environment.
    • Ideally have an in-depth knowledge of the LORS system (however this is not essential) and proficiency in Excel
    • Strong analytical and organizational skills
    • Excellent communication and interpersonal abilities
    • Familiarity with premium accounting and treaty processing
    • Ability to work collaboratively in a team-oriented environment
    • PRA and FCA compliance awareness
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