Job Title: Reinsurance Technician
Reporting to: Head of RI Operations
Position Type: Permanent, hybrid working 3 days in the office, 2 working from home.
Overview
Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry.
Why Tokio Marine HCC?
Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose
Act as a key person in the Reinsurance Operation team and be accountable for leading all month end activity ensuring all technical balances are verified and correct to allow for an efficient month end close. The role will also include taking ownership of a suite of XOL treaty placements that includes premium processing and claim recoveries.
Key Responsibilities
- Build relationships with all internal stakeholders in the month end process, predominantly colleagues in finance
- Ensure the month end close process is completed in the given timeframes and all data/transactions are captured by XLPro, and fed correctly downstream to the ledgers
- Understand and create reinsurance contracts in outwards systems
- Initiate settlement of reinsurance premium to broker and carrier with credit control team
- Identification and calculation of reinsurance recoveries within reinsurance systems including reconciliations to Finance outputs
- Submit accurate and timely statements, advices and collection notes to brokers and reinsurers
Essential Skills and Experience Specification
- Experience, knowledge of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective
- Experience with month end processes and budget & forecasting
- Confidant, articulate and experienced in dealing with internal & external stakeholders
- Methodical approach to problem solving and decision making
- Customer focus and service mentality
- Focus on execution and timely delivery of quality outputs
- Self-motivated, can-do attitude and pro‑active mindset
- Works well as part of a team and on individual tasks
- Strong verbal and written communication skills, ability and confidence to challenge existing procedures & use of system
- Strong computer skills – knowledge of Microsoft Excel Pivot Tables, V‑Lookups, and MS PowerPoint
Desirable
- Industry recognised qualifications
- Continuous improvement experience
- Language skills
What We Offer
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
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