INTL Ceded Reinsurance Technician - RB09YZ

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.

This role will be based in London, UK and you are required to have the necessary right to work details prior to application.

Purpose of the Job

To work within the Hartford Ceded team under moderate supervision to handle reinsurance claims, various accounting functions, ceding, reporting, billing and/or collection and correspondence. To assist with monthly, quarterly and year-end reporting and analysis. To work as part of a team to meet both internal and external reporting deadlines.

A key aspect of this role is the responsibility to identify, issue and book Reinsurance claims to our RI Brokers for Facultative, Quota Share and Excess of Loss RI types.

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.