Senior Reinsurance Technician

MW Appointments.
London (Greater)
29 Mar 2018
13 May 2018
Contract Type
Full Time

Senior Reinsurance Technician handling Facultative, Quota Share & Excess of Loss Reinsurance
to £40,000

Main Responsibilities:
Facultative, Quota Share & Excess of Loss Reinsurance
Identification of losses and or circumstances notified under risks having reinsurance 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.
Lloyds Reporting including but not limited to SRS & RDS
Credit Control to include LORS
Ensure adherence to internal controls

Work closely with claims handlers and provide gross/net scenarios as may be required.
Maintain a query log 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.
Ad-hoc MI as required.

Experience in all classes of reinsurance.
Experience of Regulatory Returns, including SRS, Terrorism Pools, QMA
Understanding of the full end to end Reinsurance process from Placement through to Credit Control and Reporting.
Strong IT skills with an intermediate/advanced level of Microsoft Excel, Word and PowerPoint.
Good communication skills, both written and verbal.

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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