Thursday, July 28, 2016

RI Support Technician




Role Purpose:


•A support role in Maidstone to assist in the administration and reporting of ceded reinsurance billings and recoveries on a timely and efficient basis


•Work within the R/I Technical team providing Technical and Credit Control administration support on XL, Facultative and Quota Share Business for our clients Global Markets.


•Enter Broker transactions on LORS for our clients internal Lloyd’s broker B6004.


•Assist in answering queries raised by Reinsurers.


•Assist in the preparation and distribution of various internal reports.


•Operate LORS transaction agreement authority Sarbox control


Key Responsibilities


•To assist with the Registration of Proportional (QS), Excess of Loss (X/L) and Facultative Reinsurance contracts.


•Timely and accurate recording and update of QS, X/L & Facultative contract details on mainframe (Subscribe 9) system.


•LORS Transactions


•Generate the LORS entry to obtain the signing date and number including Tempest Re Q/S and ABR RE


•Support for review and agreement of Lloyds Broker LORS transactions.


•Assist with LORS cash matching in Subscribe 9


•X/L Recovery ELGAR process support


•Preparation and maintenance of Aviation and Marine erosion and retention/excess monitoring excel files


•External Relationships


•Update and send out ELGAR advice notes to brokers with appropriate credit control referencing.


•Assist in dealing with Reinsurer queries with the broker.


•Procedures & Reporting


•Review monthly LORS transactions to ensure no breaches in authorities.


•Produce and send weekly reports including partial policies set up in Subscribe.


•Produce and provide Monthly reports including Proportional Treaty report.


Qualifications


Requirements & Experience


•Proven experience in the reinsurance / credit control environment ideally with a combination of London Company & Lloyd’s Market practises.



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