Outwards Reinsurance Technician
other jobs IPS Group Ltd
Added before 46 Days
- England,London,City of London
- full-time
- Salary negotiable
Job Description:
Outwards Reinsurance Technician required by leading global Insurance business
The purpose of the role will be to manage the contract data capture and reporting activities for the business entities both Syndicate and Company markets in respect of Outwards Reinsurance. The role will require building and maintaining close links with OWRI Purchasing, Claims, Finance and other operations functions to ensure a seamless and co-ordinated approach throughout.
Key Responsibilities:
* Collaborate with the Reinsurance Purchasing Team to contribute to the successful data capture of complex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespancomplex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespan.
* Ensure that data capture for new contracts, renewals, extensions, adjustments and endorsements for both company and syndicate entities across the platforms in use is completed and recorded in an accurate and timely manner.
* Complete the calculation and submission of the various regulatory returns produced within the team.
* Collaborate to ensure compliance with all internal controls within SLAs.
* Work with Finance and Purchasing Teams to calculate the premium adjustments.
* Deputise and contribute to status updates both on the bi-weekly RAM Team meetings and Pillar meeting agenda.
* Support the Pillar Head to enhance procedure notes, filing structure and workflow processes within the pillar.
* Monitor contracts to ensure all sanctions and embargoes rules are adhered to.
* Support the continued development of the Outwards RI Target Operating Model, working to establish consistent best practice and ensure we are "leaders" in outwards RI operations.
The successful candidate will have good Re-Insurance knowledge, gained from either an Re-Insurance or Broker background
The purpose of the role will be to manage the contract data capture and reporting activities for the business entities both Syndicate and Company markets in respect of Outwards Reinsurance. The role will require building and maintaining close links with OWRI Purchasing, Claims, Finance and other operations functions to ensure a seamless and co-ordinated approach throughout.
Key Responsibilities:
* Collaborate with the Reinsurance Purchasing Team to contribute to the successful data capture of complex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespancomplex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespan.
* Ensure that data capture for new contracts, renewals, extensions, adjustments and endorsements for both company and syndicate entities across the platforms in use is completed and recorded in an accurate and timely manner.
* Complete the calculation and submission of the various regulatory returns produced within the team.
* Collaborate to ensure compliance with all internal controls within SLAs.
* Work with Finance and Purchasing Teams to calculate the premium adjustments.
* Deputise and contribute to status updates both on the bi-weekly RAM Team meetings and Pillar meeting agenda.
* Support the Pillar Head to enhance procedure notes, filing structure and workflow processes within the pillar.
* Monitor contracts to ensure all sanctions and embargoes rules are adhered to.
* Support the continued development of the Outwards RI Target Operating Model, working to establish consistent best practice and ensure we are "leaders" in outwards RI operations.
The successful candidate will have good Re-Insurance knowledge, gained from either an Re-Insurance or Broker background
Job number 1542212
metapel
Company Details:
IPS Group Ltd
Company size: 50–99 employees
Industry: Recruitment Consultancy
IPS Group began as Insurance Personnel Selection in 1969 providing a professional recruitment service to the London insurance market. Over the years w...