Reinsurance Treaty Processing Technician

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Reinsurance Treaty Processing Technician

  • Location:

    United Kingdom

  • Contact:

    Godwin Sosi

  • Contact email:

    enquiries@equitycity.co.uk

  • Job ref:

    318

  • Published:

    8 months ago

  • Expiry date:

    2024-01-15

Summary of Position:
The Reinsurance Treaty Processing Technician is responsible for providing an efficient and effective Technical Processing service to the business whilst adhering to Regulatory, Risk and Compliance requirements.

Key Responsibilities & Accountabilities:
  • Adhere to company and regulatory policies, procedures together with mandatory training requirements.
  • Assess incoming processing requests for completeness and take the appropriate actions.
  • Complete Treaty Processing requests on Sequel Eclipse Broking accurately and within the Service Level Agreements (SLA’s) agreed with the business.
  • Produce accurate and complete client and market documentation.
  • Process Lors entries (Lloyd’s Outwards Reinsurance System).
  • Assess and process premium, claims and treaty.
  • Maintain the status of processing requests within the SLA tracking tool.
  • File relevant documentation electronically as per the agreed structures and standards.
  • Undertake a Second Pair of Eyes Check ensuring all processing errors are highlighted to the relevant Premium Technician.
  • Liaise with clients, underwriters, business units and Insurance Business Accounts (IBA) to resolve queries.
  • Alert manager of deficiencies and suggested improvements in the teams processes, procedures and controls.
  • Good working knowledge of MS Word and Excel.
  • Assist with ad-hoc projects as and when required.
  • Exhibit behaviours that are consistent with the shared values of the BMS Group.
  • Proactively promote the benefits of BMS Group both internally and externally.
  • ECF/CLASS

Experience Required
  • A minimum of three years’ experience in a similar role undertaking Contract Load and Premium processing.
  • An understanding of (Re)insurance.
  • Knowledge of Sequel Eclipse Broking is advantageous.

Functional & Behavioural Competencies required:
  • Good communication and organisation skills.
  • Good technical and industry knowledge.
  • Ability to multi task and meet processing SLA’s / project deadlines.
  • Ability to build and maintain positive working relationships within and across the Group.
  • Personally demonstrate the five BMS values and ensure that team members are aligned with these:
  • Accountable
  • Entrepreneurial
  • Collaborative
  • Empowering
  • Disciplined

The above list is not exhaustive and the job holder maybe required to carry out other duties at management’s discretion.