An opportunity to become a key technical resource within a highly successful and innovative third-party Lloyd's managing agent. The successful candidate will use their technical reinsurance knowledge to process and manage all aspects of syndicate outwards reinsurance programs across facultative, quota share and excess of loss.



* Senior Reinsurance Technician





Key Accountabilities and Performance Standards



* Accurate Cover note interpretation.
* Knowledge of premium terms including calculation of adjustment premium.
* Identification of losses and or circumstances which may trigger reinsurance reporting thresholds.
* Review of losses and or circumstances against the terms and conditions of the reinsurance contract.
* Ensure compliance to any contractual reporting triggers.
* Ability to calculate reinsurance recoveries against a complex Reinsurance programme.
* Calculation of Profit Commissions
* Knowledge of Reinsurance credit control function
* Assist with the implementation of new Ceded Reinsurance systems through project phases.
* Peer review Ceded Reinsurance record entry into source systems.
* review of current procedures and recommend enhancements to improve the processes
* Adherence to internal controls, including Risk and SOX controls
* Review and enhancement of current provision of data necessary for both internal and external reporting.



What you need to bring:



* A good understanding of the full end to end Reinsurance process from Post Placement through to Credit Control and Reporting.
* Good communication skills, both written and verbal.
* Understanding and knowledge gained within the London market



What is offer:

* salary to £55,000 + comprehensive rewards & benefits
* hybrid working flexibility - City of London & Home



Interested? Please apply today and we will contact you by return.



MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

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