Reinsurance Technician - 12 Month FTC

Employer
HFG
Location
Kent, England, Maidstone
Salary
Negotiable
Closing date
2 Mar 2024
Reference
RIT444

View more

Sector
General insurance
Contract Type
Permanent
Hours
Full Time

Job Details

New Vacancy - Reinsurance Technician / 12 Month FTC
Maidstone | City of London / Hybrid

HFG are currently recruiting for a top Lloyd's Business who are seeking a Reinsurance Technician to join their team on a 12 month FTC basis.

This is a perfect opportunity for a graduate or someone keen to get their foot in the insurance industry. Previous experience working within Lloyd's isn't essential but is preferred.

Key Responsibilities

Assistance will be provided in various areas related to contract set up, premium registration, claims, and recoveries within the multinational department:

  • Reviewing RI slips, premium allocation, and cover notes issued by brokers and reinsurers.
  • Assisting with the booking of contracts and registering premiums for intercompany and co-reinsurance.
  • Supporting the Multinational Services Manager in following up with underwriters and brokers to ensure timely registration of reinsurance arrangements.
  • Assisting in managing bordereau for recording recoveries and collaborating with the Claims team.
  • Gathering documentation for co-reinsurance claims and ensuring they are shareable. Support will be provided in the credit control of reinsurance recoveries and associated premium payables:
  • Settling RI premiums with major trading partners in accordance with contracts and procedures.
  • Supporting the collection of RI recoveries for assigned accounts with a target of over 90% within 90 days.
  • Assisting in resolving internal issues to meet targets. Assistance will be provided in analyzing multinational balances and co-reinsurance accounts:
  • Reviewing non-BAU/legacy balances and identifying key issues, along with developing actions to resolve them.
  • Monitoring low-value balances and creating action plans to clear them.
  • Challenging existing procedures and controls and proposing solutions.
  • Assisting in implementing and documenting new processes as required. Regular review and maintenance of business processes will be conducted to identify and implement efficiencies where possible.
  • Maintaining operating efficiencies and reporting and developing old or new processes with IT or within the operation.
  • Assisting in the development of new systems and enhancements. Internal governance and SOX controls will be managed to ensure timely execution and maintenance.
  • Assisting with internal and external audits by maintaining thorough records, providing relevant documentation, and responding to queries promptly.

Company

HFG is an award winning international recruitment consulting firm that provides specialist professionals to leading General Insurance, Life, Reinsurance, Pensions and Management Consultancy firms. 

Since our formation in 2002 we have sought to provide a market leading recruitment service which challenges the gap between large agencies broad capabilities, and executive search companies’ levels of service.

Regarded by our clients and candidates as industry experts, we deliver solutions to the global insurance marketplace where we specialise in actuarial recruitment.

Led by a number of ex-industry professionals, our consultants have shown a long-term commitment to their defined markets. 

The provision of considered advice based on deep market knowledge is central to our business model. 

You will regularly find HFG at industry events and conferences including GIRO, Life, Momentum, Health, Care & Protection and Joint Risk, Investment & Pensions.

Apply for Reinsurance Technician - 12 Month FTC

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