Reinsurance Technician

Reinsurance Technician to £45,000This leading Lloyd's underwriters has an excellent market reputation and offer a dynamic but extremely friendly and inclusive working environment combined with a generous benefits package. They are now looking for an experienced Reinsurance Technician to join their City of London operation.The main purpose of this role is to help administer reinsurance recovery activities for a syndicate and an insurance company in addition to providing renewal information to assist in the purchase of reinsurance coverage.DutiesReinsurance recoveries for excess of loss, proportional and facultative accountsCalculate, issue and monitor reinsurance collection notes as per contract terms and conditionsPremium Adjustments, Profit Commission & NCB calculationsManage collection and payment of recoveries and premium, and manage aged debtCompliance with the Reinsurance Administration Department's month / quarter end deadline requirementsProduce Risk and Claim bordereaux to support reinsurance accountsProduce renewal presentation informationRespond to Broker / Reinsurers queries in a timely mannerCover note administration, including the recording of reinsurance information into in-house systemsReview of tasks completed by outsourcing partnerProject work including assistance with the testing and implementation of new software and processes and release testing of current systemsReview and update procedure manuals in an accurate and timely manner

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