Reinsurance Technician - London, United Kingdom - Harrison Holgate

Harrison Holgate

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

A widely respected Lloyd's Syndicate have a new Ceded Reinsurance Technician position available. This will involve handling reinsurance recoveries, across Proportional Treaty, Excess of Loss and Facultative RI business.

Responsibilities:

Take full ownership of a portfolio of reinsurances, including the accurate capture of contracts and endorsements on reinsurance systems.
Play a leading role in the reinsurance team's month end process, adhering to a strict month end timetable
Ensure all applicable claims are CAT coded appropriately and are recovered under relevant reinsurance programme(s).
Undertake regular cession reviews across your portfolio, assuming accountability for risks correctly ceding to reinsurances.

Calculate and input to the core transaction system, facultative reinsurance recovery figures and produce and submit to brokers accounting documentation.

Take full ownership of an agreed set of proportional accounts, producing and submitting to brokers accurately and on time.
Run the excess of loss recovery system, produce and submit to brokers accounting documentation.

Analyse movements in net triangles to ensure accuracy and reasonableness and respond promptly to queries from the underwriting teams arising from the net triangles.

Calculate premium adjustments.