Average Reinsurance Technician salary in the UK

An opportunity to join a Leading international Lloyds (re)insurance broker who are positioned in the global top 10 for reinsurance. In this role you will collaborate with colleagues in branch offices located across the globe and active in over 70 countries. Reinsurance Broking Technician The role in a nutshell … Processing and full-service administration of proportional treaty accounts together with claims recoveries for XoL contracts. This will include … Externally, build trusted relationships with Cedants and Reinsurers to resolve queries and provide a market leading service standard.Internally, collaborate with colleagues in the London HQ and in overseas branch offices to ensure the accurate and timely placement and servicing of accounts.Process proportional treaty accounts and calculate premium adjustments in accordance with the slip conditions. Maintain reconciliations of technical accounts. Monitor/review technical position of treaty accounts and premium adjustments. Process and oversee XoL claims/reinstatements from first advice to settlement. Provide pro-active credit control on designated accounts and manage collections & payments. Analyse data and create a variety of different statistical reports.Ensure compliance to external regulatory frameworks and Company procedures.Ensure all digital and paper files are up-to-date and accurate. What you need to show … Understanding of Lloyds / London (re)insurance market Knowledge of Treaty Technical Processing (mainly proportional treaty accounts) from a broking or carrier perspective. Experience dealing with XL claims and credit control (not essential)Client servicing Accuracy and attention to detailPossess a team working ethos.Work in an organised way and be able to prioritise workflow. What you need to know … Salary £35,000 to £50,000, depending on type and level of expertise Annual bonus & benefits packageSupport towards CII studyHybrid working flexibility - City of London & Home splitJoin a vibrant and dynamic team within a highly successful Lloyds brokerWork in a supportive team environmentLearn from respected market professionals. Ref ~ 9676 Interested? Please apply today and we will contact you by return. MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector. MW Appointments is acting as an Employment Agency in relation to this vacancy.

We are currently seeking experienced Senior Reinsurance professionals to join our Client's expanding Division as part of a successful team of Reinsurance Technicians. Accordingly the salaries and benefits offered are excellent to reflect your experience. We have a number of opportunities across Pro Rata, Facultative and/or Excess of Loss specialisms, all on a permanent basis. As a Senior Reinsurance Technician you will be responsible for the most complex portfolios, typically you'll manage four client accounts; including reinsurance coverage assessment, processing of premiums and/or loss transactions and associated cash follow up, application and disbursement of funds due. Also as a Senior individual you will provide guidance and training to less experienced colleagues as well as performing some leadership and business support activities. As a Senior Reinsurance Technician your responsibilities will include: Manage your client portfolio, taking full responsibility of technical duties relating to client accounts, premiums and claims. Covering excess of loss and pro rata business or alternatively binder and facultative risks types.Assess and submit client and/or reinsurer presentation materials and communicationsProvide support and mentoring to less experienced colleaguesWork with credit control to assist with collection of fundsManage all brokerage receivables, funding, retention, e-trading, post booking receipt, payment of funds and all management and transactional process stepsUnderstand issues, resolve problems and queries To be a successful Senior Reinsurance Technician you will demonstrate: Experience of working within a Reinsurance technical roleSuccessful management of workload with an ability to manage expectations of all clients and stakeholdersAbility to engage and negotiate with clients, market contacts and colleagues in a professional manner You will be rewarded with: Excellent pension benefits including generous Family Leave and first class holiday entitlementsAlso support programmes including: health & welfare, tuition assistance, employee assistance program and career mobility opportunities. You will be able to work on a hybrid basis between home and the office, with 2 of these days working from home.

Senior Reinsurance Outwards Technician City of London - Hybrid A senior Reinsurance role for a Lloyd's Underwriters who seek 6 years+ London Market Reinsurance Technical experience. This role is for an experienced post-placement reinsurance professional to manage post-purchase facultative and treaty reinsurance, recoveries for facultative and XL reinsurance and monitor debt. Producing proportional treaty statements, risk bordereaux and claim bordereaux and monitor debt, produce performance & loss reports. Production of management information. Duties include Regulatory reporting and project work.