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Over 1,000 clients across the world
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Reinsurance Technician

Salary
Location London
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

Reinsurance Technician

 

Davies Group is a specialist professional services and technology firm working in partnership with leading insurance, highly regulated and global businesses.  Our team of more than 5,500 professionals operate across the UK and Ireland, US, Bermuda and Canada.

 

Using your outwards reinsurance technical knowledge to process all aspects of outwards reinsurance as a surge resource; or utilizing that knowledge to assist with the implementation/strengthening/migration of an outwards reinsurance product.

 

We are passionate about supporting you throughout your career ensuring you never run out of opportunities to continue your development.

 

 

It’s a busy and varied role, with a broad range of responsibilities, but the fundamentals include: 

 

Facultative, Quota Share & Excess of Loss Reinsurance

 

  • 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

 

Essential Qualifications/Desirable Experience

  • A good understanding of the full end to end Reinsurance process from Post Placement through to Credit Control and Reporting.
  • Strong IT skills with an intermediate/advanced level of Microsoft Excel, Word and PowerPoint.
  • Good communication skills, both written and verbal.
  • Extensive experience within the London market
  • Solid reinsurance technical knowledge & market practices.
  • A sound knowledge of at least one outwards reinsurance product

 

Davies Group are a multi-award-winning specialist professional services and technology business. We deliver operations across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation, change management and digital innovation.

Over recent years we have consistently delivered double digit organic growth. Our programme of digital transformation has seen us successfully launch a range of technology-led solutions in the insurance and highly regulated markets, including the use of video, drones, robotics and our ‘Disruptive Thinking’ innovation lab that places the power of new ideas in the hands of our people. With our investments in technology, we have grown our solutions with existing clients and added new partnerships to our business. Currently we have a global team of around 6,000 professionals working with over 1,000 of our clients across the world.

To find out more detail please follow the link below:

https://davies-group.com/

We are
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We are
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Connected

We
Succeed
Together

Davies is a community of outstanding people. We welcome different perspectives, support each other’s ambitions and grow together. In a fast-changing business environment, we adapt and look ahead. We succeed because we are multi-talented: in the skills of our teams, specialisms and sector expertise. Working together, we are greater than the sum of our parts.

The Davies Foundation - Our people, clients and the communities we serve are at the heart of our business. The Davies Foundation has been created to give our employees the autonomy to choose how we support, giveback and do good for the local communities we live and work within.

To find out more detail please follow the link below:

https://www.davies-foundation.com/

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