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Reinsurance Technician

Posted 23/04/2021
£50,000 per annum
City of London
Full time

Leading specialist insurer is currently recruiting for a reinsurance technician to join a high performance team going through a period of change.


1 The collection of reinsurance asset through accurate calculation and issuance of recoveries, commutations and liquidation management techniques
2 Achievement of individual and team objectives
3 Calculation of reinsurance recoveries as required
4 Assess the viability of releasing individual reinsurance recoveries
5 Preparation of reinsurance billings and loss advices as required
6 Record and Answer technical queries raised by reinsurers and/or brokers
7 Assist with credit control to ensure timely collection of outstanding balances
8 Assist with and handle commutations as required, to ensure realistic values for the commutation of the company's gross liabilities and ceded assets are achieved.
9 Complete and report on projects as allocated
10 Ensure effective and timely reporting as required.
11 Have an awareness of the Treating Customers Fairly ("TCF") and Conduct Risk strategies
12 Have an awareness of Data Protection legislation, including the Data Protection Act and the General Data Protection Regulations

Necessary Experience

3 year's technical reinsurance experience

Demonstrable knowledge of international insurance markets; reinsurance recoveries; reinsurance systems & procedures; Market procedures for the settlement of Lloyds and non-Lloyds balances.

Oliver James Associates

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