Reinsurance Technician

Ownership and accountability for Line of business, broker and re insurers to ensure portfolio performance across end-to-end process
Review and evaluation of Evidence of Cover and contract wording administration ensuring all major clauses included
Contract capture for all reinsurance types purchased - fac, proportional and non-proportional treaty into RI Accounting team reinsurance system XL Pro, Work flow (Image Right) and Exposure Aggregation (Exact) systems.
Timely booking and payment of reinsurance premium in accordance with contractual terms
Identification and Calculation of reinsurance asset and booking into source systems through monthly close process
Evaluation of line of business gross to net to ensure in line with RI Accounting and Line of Business expectations
Issuance and monitoring of reinsurance claim collection notes as per contract terms and conditions for Non proportional, fac, and proportional covers
Review Large Loss Reports and prepare Risk and Claim documentation to support reinsurance submissions
Evaluation of actual vs estimated premium throughout life of contract to evaluate potential Adjustments, Profit Commission & No Claims Bonus.
Handle the reinsurance recoveries including query resolution and pro-actively manage applicable bad debt reserves

Keyskills :
reinsurance

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