Reinsurance Technician Job at Lawes Consulting Group (London)

Reinsurance Technician

Reinsurance Technician responsible for administration and processing of proporti...

Location

United Kingdom , London

Salary:

Not provided

Social Value Portal Ltd

Expiration Date

Until further notice

Requirements

Insurance or accounting professional qualification advantageous
Analytical skills: Accurate analysis of financial statements, problem-solving, decision-making
Work management skills: Ability to manage workload and time, to prioritise tasks and to meet deadlines
Interpersonal skills: Client and broker management skills, Polite and Effective communication, Flexibility, Active listening
Knowledge and experience of processing and reconciling proportional treaty accounts
OR Bright ‘A’ Level student or graduate with some (re)insurance and/or accounting knowledge (full training on proportional treaty accounts will be provided)
Excellent working knowledge of MS Office products to include Outlook, Word and Excel
Self-motivated, adaptable and enthusiastic
Diligent and detail-orientated
Professional approach to successfully interact with colleagues and external stakeholders

Job Responsibility

Review and agree broker submitted proportional treaty accounts including paid claims, outstanding reserves, premiums, adjustment accounts and profit commissions, within designated authority
Validate financials against supporting documentation and applicable treaty terms and conditions
Identify and resolve issues on submitted accounts with underwriters, claims team and brokers as required
Refer submitted accounts requiring financial escalation within Claims team
Record financial transactions accurately on internal Claims and Underwriting systems and upload supporting documentation
Provide information on the performance of specific accounts or portfolio of accounts to claims and underwriting teams
Liaise with claims and finance teams to facilitate agreement of Proportional Treaty accounts, and to process financial transactions
Operate within approved claims authorities at all times
Maintain a thorough knowledge of industry regulations and minimum standards
Ensure compliance with the regulations and Beazley’s claims control standards and protocols

Fulltime

Reinsurance Technician

We are working with a leading Lloyd’s Market organisation to recruit an experien...

Location

United Kingdom , London

Salary:

60000.00 GBP / Year

Lawes Consulting Group

Expiration Date

Until further notice

Requirements

Experience within the London Market is highly beneficial (minimum 2 years preferred)
Operational experience, ideally within Outwards Reinsurance
Familiarity with Reinsurance market systems
Exposure to Lloyd’s reporting advantageous
Excellent attention to detail and data accuracy
Proficient in Microsoft Office Suite
Strong organisational and prioritisation abilities
CII qualifications or working towards (desirable)

Job Responsibility

Support ceded reinsurance transactions, including premiums, commissions, recoveries, and operational reporting
Maintain the Outwards Reinsurance subledger, including contract references and credit control ledgers
Track and collect reinsurance rebates, liaising with Finance and brokers
Assist with reinsurance security reviews, applying benchmarks and analysis
Collaborate with actuarial teams to review quarterly reserves by programme
Collate and distribute Outwards Reinsurance data accurately and on time
Assist with transaction settlements via market systems and provide supporting documentation
Manage reinsurance recovery billing, aged debt reports, and credit control processes
Produce collection/advice/precautionary notes through to settlement
Prepare monthly reports on outstanding balances and paid/incurred movements

Fulltime

Claims Reinsurance Technician

Reinsurance Technician responsible for administration and processing of proporti...

Location

United Kingdom , London

Salary:

Not provided

Social Value Portal Ltd

Expiration Date

Until further notice

Requirements

Analytical skills: Accurate analysis of financial statements, problem-solving, decision-making
Work management skills: Ability to manage workload and time, to prioritise tasks and to meet deadlines
Interpersonal skills: Client and broker management skills, Polite and Effective communication, Flexibility, Active listening
Knowledge and experience of processing and reconciling proportional treaty accounts
OR Bright ‘A’ Level student or graduate with some (re)insurance and/or accounting knowledge (full training on proportional treaty accounts will be provided)
Excellent working knowledge of MS Office products to include Outlook, Word and Excel
Insurance or accounting professional qualification advantageous

Job Responsibility

Review and agree broker submitted proportional treaty accounts including paid claims, outstanding reserves, premiums, adjustment accounts and profit commissions, within designated authority
Validate financials against supporting documentation and applicable treaty terms and conditions
Identify and resolve issues on submitted accounts with underwriters, claims team and brokers as required
Refer submitted accounts requiring financial escalation within Claims team
Record financial transactions accurately on internal Claims and Underwriting systems and upload supporting documentation
Provide information on the performance of specific accounts or portfolio of accounts to claims and underwriting teams
Liaise with claims and finance teams to facilitate agreement of Proportional Treaty accounts, and to process financial transactions
Operate within approved claims authorities at all times
Maintain a thorough knowledge of industry regulations and minimum standards
Ensure compliance with the regulations and Beazley’s claims control standards and protocols

Fulltime

Claims Reinsurance Technician

Reinsurance Technician responsible for administration and processing of proporti...

Location

United Kingdom , London

Salary:

Not provided

Social Value Portal Ltd

Expiration Date

Until further notice

Requirements

Insurance or accounting professional qualification advantageous
Analytical skills: Accurate analysis of financial statements, problem-solving, decision-making
Work management skills: Ability to manage workload and time, to prioritise tasks and to meet deadlines
Interpersonal skills: Client and broker management skills, Polite and Effective communication, Flexibility, Active listening
Knowledge and experience of processing and reconciling proportional treaty accounts
OR
Bright ‘A’ Level student or graduate with some (re)insurance and/or accounting knowledge (full training on proportional treaty accounts will be provided)
Excellent working knowledge of MS Office products to include Outlook, Word and Excel
Self-motivated, adaptable and enthusiastic
Diligent and detail-orientated

Job Responsibility

Review and agree broker submitted proportional treaty accounts including paid claims, outstanding reserves, premiums, adjustment accounts and profit commissions, within designated authority
Validate financials against supporting documentation and applicable treaty terms and conditions
Identify and resolve issues on submitted accounts with underwriters, claims team and brokers as required
Refer submitted accounts requiring financial escalation within Claims team
Record financial transactions accurately on internal Claims and Underwriting systems and upload supporting documentation
Provide information on the performance of specific accounts or portfolio of accounts to claims and underwriting teams
Liaise with claims and finance teams to facilitate agreement of Proportional Treaty accounts, and to process financial transactions
Operate within approved claims authorities at all times
Maintain a thorough knowledge of industry regulations and minimum standards
Ensure compliance with the regulations and Beazley’s claims control standards and protocols

Fulltime

Speciality Reinsurance Technician

We are currently supporting a leading insurer in the search for an experienced R...

Location

United Kingdom , London

Salary:

80000.00 - 90000.00 GBP / Year

Lawes Consulting Group

Expiration Date

Until further notice

Requirements

Previous experience in reinsurance operations, treaty accounting or a similar role
In-depth understanding of ceded reinsurance programmes
Prior exposure to UK and EU insurance/reinsurance markets preferred
Demonstrated experience interpreting reinsurance contracts
Proven ability to engage effectively with technical and non-technical stakeholders
High attention to detail
strong data accuracy and quality focus
Confident analytical thinker with solid problem-solving ability
Effective communicator across varying levels of seniority
Advanced Excel skills

Job Responsibility

Manage day-to-day operations of the Specialty reinsurance programme
Oversee ceded treaty administration and ensure compliance with contract terms
Validate and analyse bordereaux submissions
Interpret reinsurance agreements and apply terms accurately
Develop and maintain relationships with MGAs, intermediaries, and underwriters
Support the alignment of reinsurance processes across the UK and EU regions
Contribute to ongoing improvements in reinsurance operations
Process and reconcile reinsurance transactions
Validate data submissions from MGA partners
Investigate and resolve discrepancies in reporting

Fulltime

Re Account Technician

The Reinsurance Account Technician, set up individual and group life and health ...

Location

Mexico , Mexico City

Salary:

Not provided

Reinsurance Group of America

Expiration Date

Until further notice

Requirements

Associate's Degree (AA) or equivalent experience
1+ Years accounting, insurance and or reinsurance experience
Fluent on English Spanish communication (written and spoken)
Microsoft Word, Excel, and Outlook skills
Accounting knowledge
Ability to be flexible when needed, take initiative, and demonstrate accountability
Basic oral and written communication skills
Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
Ability to set goals, multitask and prioritize workload
Investigative, analytical and problem-solving skills

Job Responsibility

Provide technical support for assigned individual and group reinsurance treaties
Gather relevant data from clients and internal sources for both new business and renewals
Interpret contracts and account data to ensure timely and accurate setup, administration, and maintenance of assigned business in the reinsurance administration system
Create and manage accruals for accounts with potential financial impact
Research, report, and collect balances overdue more than 60 days
Verify and apply premiums and commissions within required timeframes to maintain low suspense balances
Complete all required risk-control processes and reporting to ensure accurate and timely processing of assigned business
Identify and report basic system issues or enhancement needs, and assist with testing activities for the reinsurance administration system and imaging system
Perform additional duties and special projects as assigned
Validate premium and claims bordereaux to ensure accuracy and compliance

Fulltime

Senior Claims Technician

We are looking for a Senior Claims Technician who can accurately process claims ...

Location

United Kingdom , Cheltenham

Salary:

27300.00 GBP / Year

PoloWorks

Expiration Date

Until further notice

Requirements

Preferred experience within insurance required
Great attention to detail with focus on service delivery and client experience
Good verbal and written communication skills
Able to work independently and collaborate with team members to provide effective feedback
Great organisation skills and priority management skills
Work lawfully and in accordance with regulatory, compliance and financial requirements including Data Protection, Code of conduct, health & safety, FCA and Lloyd’s regulations
Work in line with the applicable client / service specific procedure guides
Sufficient MS Office, Word, PowerPoint & Excel skills
Able to provide effective training, support and guidance to team members
Minimum 5 GCSEs at Grade 4 and above including Maths and English Language

Job Responsibility

Process claims, reinsurance and technical data in line with the applicable procedure guides, for both manual and system processing
Analyse technical data and calculate technical transactions including limits, premiums, claims, reserves and deductions, as well as maintaining effective logging and payment management
Manage internal and external queries to facilitate the accuracy and efficiency of data processing
Provide effective training, support and guidance to team members in regards to technical expertise
Manage and prioritise own workload effectively
Contribute to the production of internal and external (client) reporting, with particular focus on month and quarter end reporting
Process claims, reinsurance and technical data on a timely and accurate basis adhering to the applicable accuracy targets of 95% and Contractual Service Level Agreements per client / service
Operate in line with the flexible working guidelines to accommodate peaks and troughs, able to balance routine and busy periods, particularly month and quarter ends
Operate in line with all PoloWorks policies and guidelines
Take responsibility and ownership of personal development seeking opportunities to develop knowledge and competence

What we offer

Discretionary annual bonus
Minimum 24 days of annual leave (with the option to buy more)
Flexible, hybrid working
Private health insurance
Life assurance
Income protection
Enhanced pension contributions
Occupational maternity and paternity pay
Company volunteering days
Electric Vehicle (EV) leasing scheme

Fulltime

Re Account Technician

Responsible for complete set up of individual and group life and health reinsura...

Location

Mexico , Mexico City

Salary:

Not provided

Reinsurance Group of America

Expiration Date

Until further notice

Requirements

Associate’s Degree (AA) or equivalent experience
2+ Years accounting, insurance and or reinsurance experience
Accounting knowledge
Ability to be flexible when needed, take initiative, and demonstrate accountability
Basic oral and written communication skills demonstrating ability to share and impart knowledge
Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
Fluent on English Spanish communication (written and spoken)
Ability to set goals, multitask and prioritize workload
Investigative, analytical and problem-solving skills
Microsoft Word, Excel, and Outlook skills

Job Responsibility

Provide technical support for individual and group business treaties (as assigned)
Collects data from clients and various internal sources for new business and renewal business
Interpret contracts and account data to ensure timely and accurate set-up and maintenance of assigned business in the Reinsurance administration system
Creates and manages accruals for accounts with potential financial impact
Researches, reports, and collects balances due over 60 days for assigned business
Verifies and applies premiums and commissions are within specified timeframes to maintain low average suspense balance
Complete all required risk control processes and reporting to ensure accurate and timely processing of assigned business
May report basic issues and enhancements and test Reinsurance administration system and Imaging system
Premium and claims bordereaux validations
Prepare balances confirmation letters to auditors

What we offer

Gain valuable knowledge from and experience with diverse, caring colleagues around the world
Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought
Join the bright and creative minds of RGA, and experience vast, endless career potential

Fulltime

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Reinsurance Technician

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