Senior Reinsurance Technician

Full Job Description

Senior Reinsurance Technician

About Us: Join a dynamic team at a leading player in the insurance and reinsurance broking market. We are seeking a highly skilled and experienced Senior Reinsurance Technician to contribute to our success in providing exceptional service to clients. This is an exciting opportunity to work in a fast-paced environment and make a significant impact on operations.

Key Responsibilities:

LORS System Management:

• Utilize the LORS system for efficient collection/payment of Reinsurance monies with Lloyd's syndicates

Excel Spreadsheet Analysis:

• Conduct detailed analysis and processing of Excel spreadsheets to ensure accuracy and compliance

Policy Entry and Premium Accounting:

• Use in-house systems to create policy entries
• Process premium accounting bordereaux and enter data onto the company's in-house system

Treaty Processing:

• Efficiently handle treaty processing tasks to support the smooth operation of reinsurance agreements

Client Liaison:

• Communicate with clients to ensure prompt payment of premiums and address any inquiries or concerns

Payment Reconciliations:

• Perform reconciliations for premium and claims payments to maintain accurate financial records

Monthly Brokerage Targets:

• Collaborate with the team to ensure monthly brokerage targets are met and contribute to the overall success of the department

Renewal Statistics and Evidences of Cover:

• Prepare renewal statistics to facilitate decision-making processes
• Generate evidences of cover to meet contractual obligations

Conduct and Compliance:

• Support the implementation of good conduct within the business for optimal outcomes for customers and policyholders
• Ensure compliance with PRA and FCA conduct rules

Qualifications and Experience:

• Proven experience as a Reinsurance Technician, preferably in a Lloyd's Broker environment.
• Ideally have an in-depth knowledge of the LORS system (however this is not essential) and proficiency in Excel
• Strong analytical and organizational skills
• Excellent communication and interpersonal abilities
• Familiarity with premium accounting and treaty processing
• Ability to work collaboratively in a team-oriented environment
• PRA and FCA compliance awareness