Junior Reinsurance Technician FTC

at  Hannover Re

QUALIFICATIONS REQUIRED:

• A Level or equivalent.

EXPERIENCE:

• Minimum two year’s relevant experience in insurance operations, preferably in the Life and Health insurance sector.

SKILLS:

• Excellent numeracy skills.
• Excellent communication skills.
• Inquisitive and analytical mindset and a natural problem solver.Excellent organisational skills with the ability to
• direction and work independently as required.
• Growth mindset with a focus on continued self-development.
• Understanding of Microsoft Office suite, including Excel.
• SAP financial accounting system experience, an advantage.

THE ROLE:

Based in the Reinsurance Operations team within the Finance & Operations department, this Junior Technician role will support effective client administration and provide an opportunity to support the Reinsurance Technicians who are working on long-term projects.
The role will focus predominantly on the administration of claims, including the onboarding of claims data to Hannover Re’s systems, ensuring claims adhere to agreed treaty terms and conditions and preparing the settlement of claims to the cedents.
The role will also support the Reinsurance Operations team with their account’s validation and administration activities. The individual will be comfortable working independently and as part of the team.

DUTIES & RESPONSIBILITIES

• Processing of reinsurance claims accounts, including:
• Data entry to the Company’s policy and claims administration system;
• Preparation of treaty claims statements for treaty technicians to process settlements; and
• Input of financial entries into the Company’s treaty accounting system.
• Ensuring that all claim settlement requests processed are financially valid, are of an appropriate data quality, are claimed in accordance with treaty terms, and settled within stated service standards.
• Through a detailed understanding of the existing claims processes, act as a subject matter expert on a project to redesign the process, to develop and deliver automated claims uploads to the administration system.
• Support the Reinsurance Operations team in the administration of their portfolio of clients, ensuring all claims and policy data provided by the clients adhere to the agreed treaty terms and conditions, including data quality and service standards.
• Maintain quality and consistency of process standards and operational controls.
• Develop and maintain good relations with colleagues across the business.
• Maintain good relationships with clients.
• Other ad-hoc administrative tasks to support the team.