Senior Assumed Reinsurance Technician

Location: Greater London

## Senior Assumed Reinsurance Technician Apply:
Hybrid:
London, United Kingdom:
Full time:
Posted Yesterday:
R4499##
** Job Description
** Sompo has a unique opportunity for a
** Senior Assumed Reinsurance Technician
** in our
** Assumed Reinsurance
** team.

This team works within the Reinsurance Operations team and deals mainly with (inwards) Proportional business.  This position reports to the Assistant Vice President, Assumed Reinsurance Accounting Supervisor.
*
* Location:

** This position will be based out of our
** London
* * office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.  
** Our business, your impact, our opportunity:*
* ** What you’ll be doing:
*** Management of Inbox ensuring completion of tasks within agreed time frames, liaising with other processing staff
* Production and analysis of Weekly, Monthly & Quarterly reports as part of the close process, including identification of anomalies and resolution (where possible)
* Collaborate with Internal and external clients to resolve queries or technical issues including Underwriters, Brokers, Cedants, Claims, IT, Operations, Finance and Credit Control
* Ensure knowledge is kept up to date around new systems and procedures and provide training when requested
* Collaboration with Claims Department on Inward Proportional treaty claims (inc event tracking)
* Amendments to UW risks in system as directed such as adding sliding scale templates
* Participation in projects to enhance systems and ongoing processes with a view to finding efficiencies where possible
* Provide resolutions to processing queries raised by team members
* Undertaking Technical analysis and processing responsibilities incorporating complex Inward Proportional & Non
- Proportional treaties
* Process tasks/ necessary accounts accurately in an efficient manner within agreed time frames
* Review & check accuracy of closings/documents of rendered accounts, cash calls, premium and loss reserve deposits; event claims management and tracking
* Review Lead LIRMA agreements for query/agreement via Brokers
* Demonstrate high level of attention to detail by producing exceptional quality and accurate technical data into the Underwriting system – ensuring the system is updated with accounting and payment information within agreed time frames
* Timely investigation and resolution of challenging accounts is expected
* Collaboration with colleagues including participation in meetings when required
* Providing requested documentation following Audit requests
* Understanding of LOC/OCA process to include review and OCA processing where necessary.
* Ad hoc tasks as directed by your manager
** What you’ll bring:
*** Strong technical skills and ability to prioritize workload to meet deadlines
* Understanding of general insurance and reinsurance principles is essential
* Understanding & review profit commission/sliding scale calculations is essential
* Understanding complex accounts such as clean-cut accounts (portfolio in and out) is essential
* Experience of month end report checks is desirable
* Experience of oversight/peer review is desirable
* 5+ years’ experience in a similar processing role within the Inward reinsurance market
* Understanding of Proportional Treaty claim handling and event claims is essential
* Good understanding of Bureau systems and procedures is desirable
* Knowledge of Property, Casualty, and Marine business classes are desirable but not essential
* Understanding of Genius and SAP Accounting system is desirable but not essential
* Knowledge of Image right is desirable but not essential
* Excel skills at intermediate Level are essential (Pivot tables & VLOOKUP formula)
At Sompo, we recognize that the talent, skills,…