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Reinsurance Technician
Ref. JO0000007541

Position Reinsurance Technician
Sector Reinsurance Technical
Location City of London, City
Type Permanent
Salary £55K / Annum
Reference JO0000007541
Summary Reinsurance Technician City to £ 55,000



Leading City based Insurance Company have a new role for an experienced Reinsurance Technician.



Validation and processing of complex Assumed Treaties and Facilitative Covers, checking Profit Commissions, Sliding Scales etc ensuring accuracy and continuity with cedant accounting

Analysis of accounting data, assisting in quarterly management reporting and attendance at review meetings

Production of monthly Terms of Trade and Premium Adjustment reports and monitoring responses

Reconciliation of assumed/ceded reinsurance ledgers

Raising and processing of payments/receipts onto internal systems

Investigating and resolving internal and external accounting queries

Monitor cash/unapplied cash, outstanding accounts and conduct effective credit control activities in maintaining unsettled balances

Communicating effectively with all TRC departments, branches and stakeholders

Establish and maintain effective relationships with brokers, cedant's and reinsurers to ensure business continuity

Various ad-hoc projects as required



Previous experience in a similar role is essential.

Good working knowledge of Microsoft Office tools specifically Excel and Word.

Strong understanding of Reinsurance principles, Reinsurance contracts and market practices.

Good verbal and written communication skills.

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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