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    Reinsurance Technician - London, United Kingdom - CNA Hardy

    CNA Hardy
    CNA Hardy London, United Kingdom

    1 week ago

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    Description

    Job Profile

    Function / Area: Reinsurance

    Reports To: Reinsurance Operations Manager

    Position Summary

    To provide operational support to the CNA / Hardy Ceded Reinsurance function in ensuring post-placement activities are conducted promptly and accurately.

    General Responsibilities

  • Entering and updating contract details in policy administration systems (Subscribe and Senator)
  • Responsible for ensuring premium payments are paid effectively and on time in area of responsibility, including authority to agree payments via LORS and internal processes
  • Responsible for identifying, calculating and accounting for recoverable claims
  • Identifying and servicing run-off and legacy accounts
  • Issuing large special settlement requests as required
  • Supporting and collaborating with Underwriting, Reserving, Finance, Claims teams
  • External communication with Brokers and Reinsurers to advise and secure settlement of premiums and recoveries
  • Monitoring and managing aged debt in area of responsibility
  • Provide assistance with facultative, proportional and excess of loss processes as required by the team
  • LORS and USM processing
  • Responsible for special projects as requested by RI Operations Manager
  • Involvement in new system implementation if appropriate
  • Represent department in internal and external meetings

    • Specific Responsibilities

  • Responsible for managing proportional reinsurance contract processes including policy rules and entries, calculation and rendering of statements, managing reinsurer queries, and other processes.
  • Responsible for managing excess of loss reinsurance contract processes including policy entry, claims collections, dealing with underwriters queries, premium allocations and payments, Premium Adjustment calculations, and other processes.
  • Calculating and submitting periodic returns for various national reinsurance pools.

    • Skills, Knowledge & Abilities

  • Understanding of Lloyd's and London market
  • 2 to 3 years' experience of working for a Lloyd's Syndicate and/or Company market in a ceded reinsurance role
  • Experience and thorough understanding of ceded Reinsurance
  • Ability to communicate effectively
  • Ability and confidence to build internal/external relationships
  • Good working knowledge of Microsoft Office software with advanced Excel skills
  • Attention to detail, willingness to understand and enhance processes
  • Good working knowledge of Market Outwards Reinsurance Systems, with knowledge of policy administration systems Subscribe, Senator and/or XLRAS would be advantageous

    • Personal Qualities

  • Continuously learning; taking responsibility for own career development
  • Innovative; seeking and introducing practical solutions to challenges
  • Collaborative; high degree of ability to work with others as part of a team
  • Accountable; ensuring high degree of personal organisation and delivery of tasks
  • Externally Focused; possessing a professional and service-focussed approach

    • Company Description

    CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd's and company markets. We are part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurance company. Established in 1897, CNA has approximately 5,700 employees, serving businesses and professionals in the U.S., Canada, and Europe. We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.

    CNA Hardy is an equal opportunity employer.

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