- Create reinsurance risks in core systems, ensuring policy terms are accurately recorded and maintained.
- Have previous experience in the insurance industry and possess a demonstrable knowledge of insurance and reinsurance.
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Reinsurance Technician - London, United Kingdom - Bruin
Description
Ref: 37392We are keen to speak with Reinsurance Technicians or Processing individuals for this role with a lead Insurer based in the heart of the Lloyd's market.
As a Reinsurance Tech you will facilitate and oversee all aspects of our clients ceded reinsurance programme, post placement. The team are responsible for collecting debt, settling balances, billing and invoicing, technical accounting and reporting.
We are open to receiving applications from candidates with any relevant RI, Accounting, Processing type background from the Lloyd's market whether that be with a Carrier or Broker.
Duties and Accountabilities:
Ensure the timely and accurate calculation and issuance of reinsurance recoveries for both paid claims and outstanding reserves, responding to any query within five working days of receipt.
Accurately record all reinsurance recoveries in core systems.Develop strong relationships with internal and external parties, to expedite receipt of reinsurance funds.
The successful candidate will:
A basic understanding of accounting principles and practices would be beneficial and the ability to interpret and analyse reinsurance contract language, in order to correctly assess the applicability of cover is a requirement.
Bruin recognises the positive value of diversity, and aims to promote equality and challenge unfair discrimination.As a champion of equal opportunity employment we welcome applications from all suitably qualified persons - men and women, people of all ages, sexual orientations, nationalities, religions and beliefs.
We particularly encourage applications from women, disabled, and Black, Asian and minority ethnic candidates as these groups are underrepresented throughout the financial services industry.
Our clients work with us because they value a diverse workforce, and subscribe to our shared principle that all appointments are made on merit and that ability to perform the job will be the primary consideration.
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