Senior Reinsurance Credit Control Technician
To secure settlement of Recoveries from its reinsurers on a timely basis, whilst also ensuring that RI Premiums are paid to reinsurers in line with contractual / procedural requirements:
• Work within a small team (5) which is responsible for reinsurance balances for ACE Europe.
• Manage specific reinsurance accounts assigned by C/C Manager.
• Provide analytical support for RI C/C Manager
• Deputise for RI C/C Manager.
• Challenge existing procedures / controls – proposing solutions
• Develop relationships with reinsurers reinsurance brokers
• Liaise with Underwriting Claims dept to resolve issues stopping targets being met.
Key Responsibilities
1. Credit Control of Reinsurance Recoveries and associated premium payables:
• Accountable for the collection of RI Recoveries for assigned accounts – target 90% in 90days.
• Settlement of RI Premiums in line with contracts / procedures.
• Resolve issues both internal / external to ensure targets are met.
• Assist in validating and further developing of credit control processes.
• Assigned accounts – UK Treaties / Netherlands / Emerging Markets / Nordics / Combined / Life / Inter Co Fac.
2. Provide analytical support for RI C/C Manager across all reinsurance accounts:
• Review Non-BAU / legacy balances, identifying key issues of concern develop actions to resolve.
• Develop control reports analysis to monitor adherence to procedures / contractual obligations.
• Monitor low value balances develop action plans to clear.
3. Deputise for RI C/C Manager / Other duties:
• Oversee dept as when required in RI CC Managers absence.
• Review authorise payment requests in line with procedures.
4. External / Internal Relationships
• Reinsurers / RI Brokers – develop relationships with external parties to assist in reaching goals.
• UW’ing / Claims - develop relationships with external parties to assist in reaching goals.
5. Challenge procedures:
• Develop ideas with goal to provide efficiency gains / automation of processes etc (eg E Accounting)
Qualifications
• Qualified by experience or
• Educated to A level standard or equivalent
• Studying or completed Insurance qualification (eg CII)
Experience
Proven experience in the reinsurance/credit control environment ideally with a combination of London Market and non London Market practises.
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