Reinsurance Technician


Date Posted: 04/12/2018

Job Ref: 15014

Location: London

Sector: Insurance 

Job Type: Permanent

Team Member Name: George Osborn

Duration: .

Contract Rate Bands: £40000 - £46000 per annum + bonus and benefits 


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Reinsurance Technician – Insurance / Reinsurance / London Markets / General Insurance

The Opportunity:

To calculate, issue and monitor Reinsurance recoveries for a large insurer’s portfolios. To maintain associated records on in-house Reinsurance System.

Your responsibilities for this role may include, but are not limited to:

  • Working with a team of Reinsurance Technicians based in our London office to analyse inwards claim details, identify, calculate, issue and monitor Facultative reinsurance recoveries.
  • Provide reinsurance details on large claim movements within strict deadlines.
  • Gain proficiency on usage of in-house reinsurance system, review contract entry and recovery details ensuring details are accurately captured and produce associated management information for a variety of customers.
  • Build and maintain strong relationships with Brokers and Claims Adjusters to ensure any Reinsurer queries are responded to in a timely manner.
  • Compliance with departmental month/quarter end deadline requirements.
  • Ongoing maintenance of process documents ensuring that they remain relevant and accurate.

You will need to be able to display you have the following qualifications and experience:

  • Market experience, ideally in Facultative reinsurance.
  • Strong analytical and numerical ability, in order to interrogate large data sets
  • Excellent written and verbal communication skills, and the ability to explain technical concepts clearly
  • Intermediate/Advanced Excel skills

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