Title:  Ceded Re Technician

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.  

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.  

Please see our website for more information.

Ceded Re Technician

We are currently looking for a Ceded Re Technician to be based in London on a full-time basis, reporting into the Ceded Re Insurance Recoveries Manager

Responsibilities:

• Assist with the quarterly Reinsurance close as per Syndicate’s Procedures Manual (Lloyd’s & Munich)
• Ensure all relevant regulatory requirements (Lloyd’s, Munich Re and FCA/PRA) are met;
• Attend RI/ Claims/ Underwriting and broker meetings/discussions as required;
• Collate recovery statistics where requested;
• Assist with the calculation and advice of premium adjustments as required;
• Keep written records of all substantive conversations with brokers etc.; both internal and external, in accordance with the firm’s procedures manual;
• Collate information for insurers’ and internal audits as and when required;
• Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals.
• Assist with Reinsurance credit control in regard to Claim Recoveries.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

• Work cooperatively and flexibly with other members of the team with a full understanding of the role to be played as a team member.
• Communicate clearly, fairly and in a non-misleading manner, both orally and in writing.
• Get things done well and the ability to set and meet challenging goals, create own measures of excellence and constantly seek ways of improving performance.
• Analyse situations, diagnose problems, identify the key issues, establish and weigh up alternative courses of action and produce a logical, practical and acceptable solution.
• Adapt and work effectively in different situations and to carry out a variety of tasks.
• Take constant care in looking after the interests of external and internal customers. Ensure that their wants, needs and expectations are given due consideration and that all efforts are made to meet them wherever fair and reasonable, in line with any standards from an industry regulator.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact! 

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious