Outwards Reinsurance Technician

Recruiter
London City
Location
London (Greater)
Salary
£35k - £40k pa
Posted
07 Nov 2017
Closes
16 Nov 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Our City based client seek an Outwards Reinsurance Technician to handle both Marine and Non Marine business. Your role will be to efficiently manage all reinsurance recoveries on all clients for all classes of business, be it on Marine, Non Marine or Aviation programmes on either excess of loss, facultative of treaty reinsurances.

Previous experience of calculating and collecting outwards reinsurance is essential. An excellent knowledge of all Reinsurance programmes and the ability to calculate IBNR's would be advantageous.

Key Tasks and Objectives

1. To review the various reinsurance programmes on a regular basis and to issue collections to brokers punctually ensuring the minimum turn around time in order to maximise cash flow.
2. Monitor all brokers to ensure that collections are dealt with promptly and that any queries raised by reinsurers are answered satisfactorily and expediently.
3. Ensure the performance of brokers is monitored and managed.
4. To ensure sufficient information is passed to other internal departments in order that the amounts posted are booked against the appropriate reinsurance policies.
5. To provide assistance and information to actuaries and to calculate outward IBNR in respect of Excess of Loss programme.
6. To carry out due diligence work on new acquisitions, eg. assessment/analysis of whole account Q/S and XoL programs to: ascertain viability of R/I asset; comment on historic recovery efforts/success; enable evaluation of portfolio for modelling available protections/recoveries on potential acquisitions.
7. Where required to put in place service agreements with Brokers.