- Collaborate with the Reinsurance Purchasing Team to contribute to the successful data capture of complex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespancomplex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespan.
- Ensure that data capture for new contracts, renewals, extensions, adjustments and endorsements for both company and syndicate entities across the platforms in use is completed and recorded in an accurate and timely manner.
- Complete the calculation and submission of the various regulatory returns produced within the team.
- Collaborate to ensure compliance with all internal controls within SLAs.
- Work with Finance and Purchasing Teams to calculate the premium adjustments.
- Deputise and contribute to status updates both on the bi-weekly RAM Team meetings and Pillar meeting agenda.
- Support the Pillar Head to enhance procedure notes, filing structure and workflow processes within the pillar.
- Monitor contracts to ensure all sanctions and embargoes rules are adhered to.
- Support the continued development of the Outwards RI Target Operating Model, working to establish consistent best practice and ensure we are “leaders” in outwards RI operations.
Back to searchOutwards Reinsurance Technician
IPS Group
Posted 16 days ago, valid for 8 days
London, Greater London EC1R 0WX
Full Time
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Sonic Summary
- An Outwards Reinsurance Technician is needed by a leading global insurance business to manage contract data capture and reporting activities for Syndicate and Company markets.
- The role requires a strong collaboration with various teams, including Reinsurance Purchasing, Claims, and Finance, to ensure efficient data management and reporting.
- Candidates should have a solid understanding of reinsurance, ideally gained from a background in Re-Insurance or Brokerage, and a minimum of 3 years of relevant experience.
- The position offers a competitive salary of £45,000 to £55,000, depending on experience and qualifications.
- Key responsibilities include ensuring accurate data capture for contracts, compliance with internal controls, and contributing to the development of best practices in Outwards RI operations.
