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    Reinsurance Technician £40,000-£50,000

    • Salary:
      £40000 - £55000 per annum + Pension, PHI, Bonus etc

    • Location:
      London

    • Job reference:
      154928_1728481760

    Reinsurance Technician required by expanding boutique Managing Agency

    This is an excellent opportunity to join a small but growing business, that can offer real scope for progression and personal development, in this case an opportunity to gain exposure to reinsurance purchasing

    The Role:

    The Reinsurance Technician will be responsible for the day-to-day processing, financial, operational and reporting elements of the end to end Ceded Reinsurance post placement functions.

    • Reinsurance Contract Management:
      • Ensuring the outwards reinsurance contract record is always accurately and up to date with all new RI contracts
      • Calculating Premium Adjustments and working with Asta (our managing agent) to ensure all payments are paid through LORS on time
    • Proportional Contract Management
      • Producing Proportional Statements and rendering to Brokers and Reinsurers
    • Claims Reporting
      • Reviewing Gross Claims, including review of the Claim/Event Coding process with the Claims team
      • Calculating Non-Proportional Ceded Claims and Reinstatements, in accordance with contractual terms
    • Credit Control and Cash Allocation Management
      • Reconciling Reinsurance payments through LORS with the reinsurance Ledger
    • Financial Reporting
      • Maintaining the Reinsurance Ledger
      • Supporting the Actuarial and Finance teams in all aspects of financial reporting
      • Completing Ceded Reinsurance Financial Controls
    • Reinsurance Purchasing
      • Assisting with Reinsurance Business planning
      • Being a Reinsurance point of contact for Compliance

    The ideal candidate will have a good understanding of Syndicate or London Market Reinsurance, gained from working in a Reinsurance processing or Technician type role

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