Senior Reinsurance Technician

Region:
London
Area:
City London, Inner London
Specialism:
General Insurance
Job Category:
Broking, Underwriting
Employment Type:
Permanent
Salary:
£35000.00 - £40000.00 per annum
Posted:
01-Sep-17
Recruiter:
IDEX Consulting Ltd
Job Ref:
29426

Senior Reinsurance Technician
Our client is looking to recruit a Reinsurance Technician with London Market experience. This is handling reinsurance risks including facultative, quota share and excess of loss reinsurance across all lines.

Duties include:

* Identification of losses and or circumstances notified under risks having facultative protection where such loss exceeds or potentially exceeds any contractual reporting threshold
* Review of losses and or circumstances against the terms and conditions of the reinsurance contract
* Preparation of all billing and reserve notifications to Brokers and Reinsurers
* Ensure compliance to any contractual reporting triggers
* For excess of loss, calculation of any reinstatement cost
* Ensure compliance to any contractual reporting triggers
* Assisting with the implementation of new ceded reinsurance systems through the project phases
* Review and enhancement of current provision of data necessary for both internal and external reporting
* Working closely with Claims Handlers and provide gross/net scenarios as may be required
* Maintain a query log database detailing all queried losses to monitor and resolve any Reinsurer queries in relation to notified losses
* Relationship management of Brokers, to ensure the account is managed efficiently. Assist with the review of current procedures and recommend enhancements to improve the processes
* Peer review ceded reinsurance record entry into source systems
* Experience of regulatory returns, including SRP, terrorism pools, QMA, Solvency II and TOM
* Understanding of the full end to end reinsurance process from placement through to credit control and reporting

Please contact Paul Brown for further details.

Please visit the IDEX Consulting Ltd website for further opportunities. If your application is successful we will contact you to discuss the opportunity in more detail within 2 working days of receiving your application. If your application is unsuccessful, the information supplied may still be retained for use in connection with future vacancies. Due to the overwhelming application response we receive through various sources, should you not hear from us within one week then please assume your application has been unsuccessful.

Contact Details:
IDEX Consulting Ltd
Tel: 0333 800 4339
Fax: 08453 701008
Contact: Paul Brown

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