Reinsurance Technician - (Quota Share & Surplus)
Reinsurance Technician (Quota Share & Surplus Lines)
We are delighted to be working in partnership with one of the markets leading providers of reinsurance broking and risk placement services to a global clientele.
Duties will include:
·Creation of client documentation, premium documentation, addendums and Evidence of Cover.
·Validation and completion of risk data in the broker operating system;
·Validation of proportional treaty and non-proportional accounts received against contract documentation.
·Accurate processing of such accounts.
·Production of accurate settlement documentation and obtaining client or market agreement to the transaction, as necessary.
·Arrange collections and payments.
·Process premium transactions.
·Monitor PPW's, NPI,NCB's etc
·Creating and processing claims recovery documentation.
·Creation of Lloyd's Outwards Reinsurance Scheme (LORS) transactions for Lloyd's Clients.
·Effect settlement of cleared and matched funds to Bureaux Underwriters - 'de-linked' or cash.
·Monitor signing messages from Lloyd's Clients via Lloyd's Outwards Reinsurance Scheme (LORS) and Bureaux (Lloyd's/Institute of London Underwriters (ILU) and London International Insurance and Reinsurance Market Association (LIRMA)) via the broker operating system;
·Respond on queries raised by the Client, Underwriters and internal stakeholders and support colleagues in the overseas technical division.
·Check renewal statistics and produce ad-hoc reports as requested.
REF : 6024
MW Appointments is acting as an Employment Agency in relation to this vacancy.
This job was originally posted as www.totaljobs.com/job/81069694