Senior Ceded Re Reinsurance Technician

You to take a proactive approach to all aspects of the technical and administrative activities relating to the Syndicate's reinsurance claims recoveries and premium payments, endeavouring to handle all reinsurance premiums and claims in a timely and efficient manner.

Ensure that all deadlines are met, providing technical help to junior colleagues when necessary.

To support the Ceded Re Reinsurance Recoveries Manager in the smooth running of the Syndicate's Reinsurance functions.

To work closely with the various teams across the group including Claims, Underwriting, Legal, and Exposure Management teams in order to respond effectively to Reinsurers' queries in a prompt and accurate manner. This requires establishing a strong working relationship with the group's reinsurance brokers.

To work closely with the Finance and Actuarial teams in order to ensure that all reporting requirements (both Lloyds and Munich Re) are met in an accurate and timely fashion.

Ensure that all regulatory requirements are complied with.

The Role

• Deal with all aspects of reinsurance purchased by the Syndicate.


• To assist in the quarterly Reinsurance close as per the Syndicate's Procedures Manual.


• Attend RI/ Claims/ Underwriting and broker meetings/discussions as required.


• To authorise claim and premium transactions on LORS and accurately allocate the resulting USM cash entry within the RI System.


• Develop a good working knowledge of the Syndicate's Reinsurance system.


• Collate recovery statistics when requested.


• To support in the calculation and advice of premium adjustments.


• To support in the calculation and advice of profit commissions due.


• Keep written records of all substantive conversations with brokers etc.; both internal and external, in accordance with the firm's procedures manual.


• Take a pro-active role in any reinsurance disputes that might arise.


• Collate information for audits (both internal & external) as and when required.
  
  Ability to fully support Ceded Re RI recoveries manager in all aspects of the Syndicate's RI processes.


• Ability to teach/ instruct less senior members of the Ceded Re Team.


• Working knowledge of all Non-marine & Marine classes of business.


• Working knowledge of all Non-proportional, Proportional and Facultative Reinsurance processing.


• Basic understanding of all related Syndicate disciplines.


• The ability to work independently and resolve complex problems with little guidance.


• London Market outwards Reinsurance processing experience (both marine and non-marine) preferably gained working for a Lloyds Syndicate or London Market Company.


• A good level of data analytics experience for internal and external reporting.
  
  Munich Re Specialty - Global Markets is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.


As well as operating in the Lloyd's of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable people and businesses to thrive., At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

At Munich Re Specialty - Global Markets, you'll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.