Outwards Reinsurance Assistant Technician

Reference
VAC-31151
Contract Type
Fixed Term
Sector
Insurance
Location
London
Salary
30000
Expiry Date
20/05/2022
This role will be a core part of the Outwards Reinsurance Operations team, reporting to the Outwards Reinsurance Technical Manager. The Assistant Reinsurance Technician’s role is to support the Outwards Reinsurance Technical team members.

Job Description

Assist in the administration of reinsurance contracts to ensure the Group complies with all contractual obligations, including the calculation and processing of M&D premiums, premium adjustments, Quota Share statements and bordereaux, Profit Commissions and NCB’s
Set-up of ceded reinsurance contracts in the policy administration system
Create payment requests and undertake credit control of recoveries balances
Process facultative and excess of loss reinsurance recoveries
Provide pro-active customer service to operations, underwriting, actuarial and finance teams.
Respond promptly to reinsurer and broker queries
Be actively involved in the on-going development of the Company’s reinsurance administration procedures and systems
Contribute to the Outwards RI workstream of the Business Transformation project
Assist in the production of programme summaries and schematics
Assist in the preparation of MI to aid the analysis and placement of reinsurance programmes
Undertake any reasonable duties as may be requested by the Outwards Reinsurance Team.