Outwards Reinsurance Technician

Role:
Reinsurance Technician

Location:

London

Position type:
Full time, permanent

We have an exciting opportunity within our Outwards Reinsurance Operations team for a Reinsurance Technician. This is a key role supporting the end-to-end delivery of reinsurance operations, from managing intercompany processes and account adjustments through to credit control and management reporting. You’ll play a central part in keeping the operational engine of our reinsurance business running smoothly and accurately.

This role offers broad exposure across MS Amlin’s reinsurance activities, working closely with Claims, Finance, Treasury, Underwriting and third-party counter parties such as brokers and lawyers. Whether you’re resolving disputes, overseeing recoveries or contributing to quarterly reporting, you’ll be at the heart of the operation with real scope to develop your expertise in the Lloyd’s Market.

• Prepare intercompany processes, including calculating premiums due; executing quarterly loss reporting; allocating claims to funds and requesting payment; and producing statements of accounts
• Adjust a portfolio of reinsurance accounts in accordance with agreed authority limits and in line with MS Amlin reinsurance procedures
• Assist on dispute resolution and raise any complex issues with the relevant manager
• Coordinate communications by finalising proposal amounts, and agreeing and receiving settlements due
• Oversee reporting and credit control by identifying and requesting outstanding recoveries; managing queries and writing-off bad debt; and settling outstanding recoveries
• Support with additional activities including ad-hoc project support, XOL Operations and netting down as required
• Oversee and interface between third parties and the business on the key activities across ORI including:
• Placement activities
• Recoveries (non prop and prop)
• Premiums and recoveries (FAC)
• LCP fronting arrangements
• Reporting and credit control

• Maintain and develop working relationships across MS Amlin, and be the Reinsurance Operations representative on any internal working group or committee as required
• Work in conjunction with Claims team, Reinsurance Operations team, representatives of the underwriting teams, Finance and Treasury teams to ensure smooth operation of business and effective communication through all areas of the business
• Maintain and develop relationships with key third parties including Brokers, Lawyers, Clients, Xchanging Claims Service, Co‑insurers, and external accountants
• Keep up to date with customer requirements, looking to constantly develop management information, streamline processes, and ensure consistency and accuracy in reporting

• Assist in the compilation of management information and production of quarterly and monthly management information packs
• Support the production of monthly/quarterly figures for group accounting purposes

• Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate
• Assist in the identification of all potential risks (credit, market, operations) related to reinsurance activities and support risk management frameworks

• Possess technical outwards reinsurance knowledge and high levels of computer literacy
• Lloyd’s regulatory reporting knowledge
• Strong understanding of outwards reinsurance systems and procedures

• Highly proficient in MS Excel and Power Point
• Familiarity with Lloyd’s Market systems and reinsurance processing platforms is advantageous

• Keen learner with very strong analytical skills and sound business acumen
• High degree of attention to detail and accuracy
• Strong problem solver with a focus on continuous improvement
• Sound judgement and decision-making capability
• Excellent communication and collaboration skills to bridge gaps between technical and non-technical stakeholders
• Highly adaptable, proactive, and thrives in dynamic environments to meet evolving business needs effectively

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