Senior Reinsurance Technician
About this role
Job Title: Senior Reinsurance Technician
Reporting to: RI Operations Manager
Direct Reports: None
Position Type: Permanent
Overview:
Why Tokio Marine HCC?
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. 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 business partner on the Underwriting Line of Business assigned and be accountable for all outwards post placement activity ensuring contracts are captured accurately in outwards system and collections are notified to brokers in a timely manner
Key Responsibilities:
- 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
- Resolve queries and provide support to front office team working closely with shared services operations
- Identify potential improvements to processes and services
- Engage with stakeholders to provide updates on status and knowledge sharing
Skills and Experience Specification:
Essential:
The successful candidate will require knowledge and experience gained through working for an Insurance/Reinsurance Syndicate, Company or Broker.
- Experience, knowledge and In-depth understanding of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective
- 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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Company at a glance
Tokio Marine HCC focuses on what matters most; our people. Empowered employees deliver on commitments and look beyond profits to drive a culture of innovation and collaboration.
We are diverse. We are entrepreneurial. We are forward thinkers who know risk and know our customers. With offices in the U.S. and Europe, we are leading the industry, underwriting more than 100 classes of specialty insurance in 180 countries. Our products and capabilities set the standard for the industry, and many of our approximately 3,900 employees are industry-leading experts.
Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, delivering effective solutions for our customers. After all, our customers are our number one priority.
TMHCC was founded in 1974 and has achieved over 40 targeted acquisitions since our founding. Our outstanding record of growth and profitability even in the most challenging environments is a testament to the talent of our people and our unwavering commitment to the customer.
Thoughtful. Sincere. Human. We aren’t just insurance professionals—we are collaborators who strive to make the world a better place through purposeful, simple and flexible insurance and risk management practices.
Top Benefits
- Competitive salary
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