Reinsurance Technician

City of London
Up to £40000 per annum
12 Feb 2019
19 Feb 2019
MW Appointments
Job Function
Broking, Technician
Contract Type

Reinsurance Accounts Technician City to £40,000

The role is working within a team with responsibility for a portfolio of broker/cedant accounts, ensuring accounts are booked and paid in a timely manner with associated analysis and tasks as descried below,

Job Description:

·Validation and processing of complex Assumed and Ceded Treaties and Facultative covers, checking Profit Commissions, Sliding Scales etc ensuring accuracy and continuity with cedant accounting
·Calculation and analysis of quarterly premium accruals / earned premium, assisting in quarterly management reporting and attendance at actuarial 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 and audit
·Monitor cash/unapplied cash, outstanding accounts and conduct effective credit control activities in maintaining unsettled balances
·Communicating effectively with all TransRe 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

Experience in the above is essential

Please reply asap

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