Ceded Reinsurance Technician

Reporting Relationships

Reports directly to Ceded Reinsurance Manager.

Works in close co-operation with team colleagues in both UK and US.

Continue to develop and maintain relationships with multiple functions across the business including Actuarial, Finance, Underwriting, Operations and Claims to continue to add value to our BAU tasks.

Job Responsibilities & Competence

XOL Administrative Support: Provide administrative support to the reinsurance team, including maintaining daily / monthly processing tasks such as:

Performs basic to moderately difficult calculations, accountings, reconciliations, and reporting. Identifies and investigates out-of-balance transactions. Actively manages the resolution of basic correspondence and assigned reinsurance balances.

Leverages proficiency in technical/functional skills to execute all basic reporting, collection, correspondence, and financial transactions appropriately with consistent adherence to reinsurance practices and protocols.

Develops and maintains productive working relationships with both internal and external partners including Brokers, Reinsurers, Cedents, Legal, Accounting, Actuarial, Direct Claims, Underwriting, Operations, vendors and/or IT, in order to achieve the most favorable outcomes.

Daily review and administration of SCM movements

Work with Claim Ops to ensure accurate Event Coding

Perform Outwards Reinsurance data collection, premium payment processing, claim notifications, and recovery documentation.

Responsible for inventory of reinsurance treaties and document reinsurance conditions. Review Reinsurance slips, premium allocations, and cover notes issued by brokers and reinsurers.

Update Outwards Reinsurance Policy documentation as needed.

Participates in process improvement initiatives as part of a team. Maintains workflow and reference documentation.

Identify potential risks related to reinsurance activities.

Review and analysis of monthly claim bordereaux

Calculate and issue Syndicate loss numbers for any shared loss.

Maintain static claim register – provide periodic updates to RI / Broker

Review monthly reports to identify any potential new recoverable losses.

Review the minor currency losses that fall below the SCM thresholds.

Maintain Credit Control files to assist with Management Reporting and improve timeliness of debtor recovery.

Perform credit control on outwards RI collections.

Other Duties

The job description is intended to describe the main duties only. Job holders are expected to maintain flexibility and perform all other reasonable duties that relate to the job as assigned by The Hartford.

Qualifications and Capabilities

Degree in a relevant field preferred.

Progress toward or completion of a recognised insurance qualification (e.g., CII) is advantageous.

Proficient in compliance, regulatory matters, systems, and programs.

Proactive mindset with a willingness to challenge and improve existing processes.

Excellent MS Office skills, particularly Excel.

Detail-oriented with the ability to multitask.

Team player with strong interpersonal skills.

Ability to analyse data and provide concise summaries or recommendations.

Effective stakeholder management, including interaction with senior management teams internally and externally.

Innovative and creative, with a willingness to bring new ideas to improve processes.

Ability to establish credibility and maintain high ethical standards.

Excellent communication skills for interacting with clients, employees, and management.

Problem-solving mindset to identify issues and develop creative solutions.

Experience

Experience in the reinsurance sector is highly desirable.

Solid grasp of basic reinsurance contracts, coverage, financial transactions, reporting, collections and other reinsurance related matters.

Demonstrated ability to collaborate and work effectively with others.

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