Treaty Reinsurance Technician
City of London
£30,000 – £50,000
We are seeking an experienced individual to join a fast growing Reinsurance Team within the Technical Operations Division.This opportunity will allow the successful candidate to work with team members based in the UK front office and offshore in India, supporting the processing and the resolution of queries related to the end to end processing of a premium.
Experienced in the end to end activity of invoice processing
Strong understanding and experience in structure and format of slips and cover notes.
Good understanding of Market Reform Contract (MRC)
Ability to demonstrate an excellent level of technical reinsurance knowledge and understanding of the Industry and its regulators
Strong understanding and experience working with the Bureau (Xchanging as was now DXC) in the workings of accounting and settlement (A&S) protocols and activity as they relate to the function of premium process and signings
Knowledge of LORS would be helpful
Working knowledge of Treaty and Fac. reinsurance business.
Demonstrates a working understanding of resources available in relation to tax and vat requirements as it relates to premium processing activity
Working understanding of the financial aspects of the end to end premium process
The role includes working with our Accounting and Credit Control Team, with accountability to support the reconciliation and collection of premium and keep funding and bad debt to a minimum
Regular liaison with company Compliance and Regulatory Team to support the setting up of trading partners as well as ensuring we meet the required sanction and licensing rules are key part of the role
Strong understanding of reinsurance technical support in the Lloyds/Company market.
Experience creating and processing MRC slips
Familiarity with Xchanging functions
Verbal and written communication skills
Attention to detail and accuracy
Demonstrates high degree of problem solving
Work under some pressure at peak periods maintaining order control and quality out puts
Ability to be able to manage own priorities and know when to escalate non routine issues
Demonstrates positive and tenacious attitude and can do behaviour with strong accountability
MW Appointments is acting as an Employment Agency in relation to this vacancy.