Reinsurance Technician - award winning brokers

Reinsurance Technician. c£45,000-£55,000

The multi award winning Lloyd's brokers is continuing to expand rapidly and has an excellent market reputation and a dynamic and progressive working environment.
They are looking for an experienced Reinsurance Technician to join their London operation. Excess of Loss and Facultative business exposure is essential.

Provide Technical support in the overall servicing of the client’s insurance

Experienced in the end to end activity of invoice processing

Work with the Accounting and Credit Control Team, with accountability to support the reconciliation and collection of premium, keeping funding and bad debt to a minimum

Regular liaison with our Compliance and Regulatory Team to support the setting up of trading partners as well as ensuring we meet the required sanction and licensing rules

Strong understanding and experience in structure and format of slips and cover notes

Good understanding of Market Reform Contract (MRC)

Ability to demonstrate an excellent level of technical insurance knowledge and understanding of the ‎Industry and its regulators

Strong understanding and experience of the Bureau Accounting and Settlement (A&S) protocols and activity, as they relate to premium process and signings

Knowledge of LORS‎ would be helpful

Demonstrates a working understanding of resources available in relation to tax and vat requirements, as it relates to premium processing activity

Working understanding of the financial aspects of the end to end premium process

A good level of technical knowledge across classes of business within the operating company combined with a working knowledge of Xchanging IMR and Market Wordings Database is essential.