Senior Reinsurance Technician

Job summary

To manage all post-placement activity relating to the parts of Chaucer's outwards reinsurance programme assigned by the Reinsurance Operations Manager.

Main duties

• Keeping accurate and up to date records of outwards reinsurance EOCs on Chaucer's Charisma and XL Pro systems.

• Proportional Reinsurance (both facultative and treaty). Production, communication and settlement of

  • Statements and bordereaux at contractual intervals

  • Profit Commission statements

  • Collateral statements

• Non-proportional reinsurance. Production, communication and transaction of:

  • Deposit premium

  • Recoveries & reinstatement premiums

  • Premium adjustments and legal entity allocation

  • NCB calculations

• Responding to broker/reinsurer queries promptly

• Development of less experienced team members

• Producing information including claims information in support of outwards treaty renewals

• Review of tasks outsourced to DXC and liaison with them

• Play a part in:

  • testing and implementation of new software and processes

  • review and updating of process and procedure manuals

  • production of management information

Skills, Knowledge and Experience

Experience

Experience in an outwards reinsurance role within the London market

Skills

Problem solving mindset

Used to working with large amounts of data and highly proficient in Microsoft Excel i.e. used to working with pivot tables, vlookups etc.

XL Pro or other automated outwards reinsurance system

Knowledge

Knowledge of the Lloyd's market systems and processes

ABOUT US

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.