Average Reinsurance Technician salary in London

Job Title: Reinsurance TechnicianLocation: City of LondonSalary: £50,000 - £60,000 DoE plus excellent benefitsWorking Pattern: Full Time - 2 days a week office based in London & Remote WorkingJob Type: TechnicianClass of Business: Reinsurance About the Role A leading Lloyd's broker has a fantastic opportunity for a Reinsurance Treaty Processing Technician. You will be responsible for providing an efficient and effective Technical Processing service to the business whilst adhering to Regulatory, Risk and Compliance requirements. Key Responsibilities Complete Treaty Processing requests on Broking system accurately and within the SLAsProduce accurate and complete client and market documentationProcess Lors entries (Lloyd’s Outwards Reinsurance System)Assess and process premium, claims and treatyMaintain the status of processing requests within the SLA tracking toolFile relevant documentation electronically as per the agreed structures and standardsUndertake a checks ensuring all processing errors are highlighted to the relevant Premium TechnicianLiaise with clients, underwriters, business units and Insurance Business Accounts (IBA) to resolve queries Key Skills & Experience The client is seeking someone with experience in a similar role with knowledge of reinsurance treaties across claims & premiums. Knowledge of LORS, ECF and a bonus would be Eclipse. You should be able to communicate effectively with clients, brokers, underwriters and colleagues both verbally and in writing. The client is seeking someone who possesses excellent time management and prioritisation skills with the ability to build relationships. You should be accurate and have excellent attention to detail. All applicants must have a permanent right to work in the UK

Job title: Reinsurance Technician Salary: up to £65,000 Location: London OVERVIEW  Our client, a reinsurance division of a leading global insurance broker, is offering an excellent opportunity for a Reinsurance Client Service Technician to join their growing team. The successful candidate will be integral to the team, handling claims processing, slip preparation, and delivering full support to brokers.  Our client is considering candidates from any line of business.  RESPONSIBILITIES  Process Proportional and Non-Proportional accounts, Excess of Loss, and ClaimsEngage with clients and carriers on a technical levelIndependently manage priorities and support team colleagues to ensure customer satisfactionBuild and maintain relationships with internal and external clientsParticipate in client and reinsurer meetings as requiredProvide broker support including debroking, risk sign down, and account statistics maintenanceNegotiate and manage Excess of Loss claims, including complex claims and underwriter representationUtilise electronic methods throughout the full process EXPERIENCE  Any line of business accepted but MUST have reinsurance experience, with a strong understanding of processing all risk types, proportional, excess of loss premiums, and claimsFamiliarity with Salesforce and Open TWINS is advantageousAbility to build and maintain good business relationships with clients, insurers, and associatesStrong communication skills, both verbal and writtenProven problem-solving skills and ability to adhere to industry standards and proceduresIn-depth knowledge of IMR, CLASS, ECF, LORS, and Microsoft products SKILLS  Strong technical knowledge of the Lloyd's and/or Company Reinsurance marketAbility to work independently and manage priorities effectivelyExcellent problem-solving and negotiation skillsProficiency in using electronic methods throughout the reinsurance process If you have the relevant experience or know someone that does please contact me now on 07458 162853 or email us at  

Job title: Reinsurance Technician Package: £40,000 - £50,000 Location: London Job Type: Permanent Purpose of role: We have a new opportunity for our accredited Reinsurance Broker who are seeking a Reinsurance Technician specialising in Global Facultative Property Reinsurance to lead and assist in the retention and development of our clients portfolio. Responsibilities: Liaising with brokers and underwritersProviding broker support through interaction with the broker team preparing renewal statisticsAll aspects of providing support to prepare slipsCreation of forms, spreadsheets and bordereauxPreparation of cover notes, Issuing debit and credit notes to clientsCreation of policies slips and endorsements as requiredProvide broker support through interaction with the broker team preparing renewal statisticsAssisting with all aspects of providing support to prepare slips, bordereaux, creation of policies slips and endorsements as required. Dealing directly with clients by phone and email and ensuring that all correspondence is dealt with promptlyCorresponding on a regular basis with overseas insurersMaintaining company databases including a physical filing systemProcessing premium and claims on Lirma / XchangingResponsible for the collection and management of outstanding debt as per agreed proceduresResponsible for the balancing of cashbooks for premium bank accountsRender any statements in a timely fashionTo allocate receipts and payments posted investigate differences and liaise with the technical team and brokersEnsure payment requests are prepared accurately and efficientlyReview bank reconciliations daily and deal with queriesMaintain and monitor the Insurers log on a regular basisProduction of month end bordereau for review and submission to carriers  Role Requirements: Essential Must have 2+ years' experience within Reinsurance.Must have previous experience in slip production; Preferred  Ideally have had previous exposure to working within the Caribbean Latin American & North African Reinsurance Markets;Insurance qualifications are desired - full support provided. If you have the relevant experience or know someone that does please contact us now on or email us at