Purpose of the Role

AEGIS London is currently recruiting for a Reinsurance Technician to join a high performing team who will be focussed on servicing of outward reinsurance programmes. This position is suited to someone with experience in the Lloyd’s Reinsurance market who can readily add value in a dynamic and progressing environment.

Duties and Accountabilities

To analyse the inward claims against the syndicate’s outward reinsurance programmes
To undertake the processing of the reinsurance recoveries and calculation of reinstatement premiums
Liaise with brokers, advising and collection of reinsurance claim recoveries
Assist with maintaining the syndicate’s reinsurance records and apply to the reinsurance applications and systems
Reinsurance credit control processing and reporting of age debt
Processing of premiums and premium adjustments for non-proportional and facultative risk placements
Processing quarterly premiums and claims on proportional quota share treaty accounts, including calculation of annual profit commission
Assist with monthly and quarterly close processing

Skills, Knowledge and Experience

The successful candidate will:

Have previously worked within Lloyd’s reinsurance market; have working knowledge of typical Lloyd’s market reinsurance arrangements, i.e. excess of loss, facultative and quota share placements, familiarity with LORS messages and their processing requirements
Have working knowledge of Microsoft packages including Word and Excel; be computer literate and have ability to develop full understanding of in-house reporting capabilities
Be a team player whilst also able to add value independently
Have the ability to work to tight deadlines and manage conflicting priorities

AEGIS Values

Fairness and respect

We make decisions considering the best interests of key stakeholders. We are direct and straightforward in our actions, working collaboratively to create a culture of fairness and respect.

Open and inclusive

We act with integrity, valuing diversity of thought and background. We take time to listen to the needs of our customers, stakeholders and colleagues working together to seek and share information.

Ambitious

We have a passion for success, aspiring to be recognised as best in class. We embrace new opportunities, encouraging innovation in pursuit of our goals.

Striving to be better

We strive to improve at all times, challenging complacency, being agile and adapting to change. We always seek to improve our customers’ experience with us.

Investing in people’s potential

We provide an environment where each employee can reach their personal potential. We encourage personal accountability for performance and individual ownership for growth and success.

AEGIS London is an equal opportunities employer and recognises the value of a diverse workforce in facilitating better decision making and business growth. We encourage a variety of differing views, perspectives and insights to create a collaborative working environment. Diversity and Inclusion are fundamental to our business and we encourage applications from all backgrounds recognising the diversity of society and our customers.

It’s important to us that you are able to perform at your best when applying for a role with AEGIS London. If there are any adjustments we can reasonably make to ensure that the process is accessible for you please telephone us on+44(0)20 7856 7856or email recruitment@aegislondon.co.uk

As a business, we understand individual circumstances may differ and aim to be adaptable and to support flexible working practices. Talk to our recruitment team to understand how AEGIS London can help support you in reaching your full potential

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Lloyd's Reinsurance Market jobs

Reinsurance Technician