Your new job working as a Ceded Reinsurance Technician will be working for a Lloyd’s Syndicate who underwrite specialty insurance and reinsurance risks on a global basis employing over 600 people with key underwriting operations in London, Bermuda, the US and Dublin. They work collaboratively and are passionate about the results they deliver. Due to growth within their Reinsurance Team, a permanent role for a Ceded Reinsurance Technician has arisen. Based in London and reporting to the Senior Ceded Reinsurance Technician.

Your new role as a Ceded Reinsurance Technician means you will support the end-to-end reinsurance operational processes, support the administration of all operational aspects of ceded reinsurance, proportional & non-proportional business and review and sign off ceded contract set up. Duties will include providing premium settlement details to the relevant brokers in a timely manner, assisting and reviewing ceded premium and claim calculations and supporting bordereaux reporting and the settlement process. You will also calculate profit commission calculations, initiate and process cash call recoveries, administer sliding scale commissions, support the calculation of recovery collections including aged debt, be the broker point of contact and support the calculation of XOL subject premium adjustments. Further duties will also include providing ceded data to the actuarial function, liaising with the claims department for recovery support and queries, assisting and providing data for internal and external audits, handover of ceded data to the reinsurance finance team, preparing ceded ultimate premium data and assisting with the maintenance and update of process and procedure documentation.

Your previous experience working as a Reinsurance Technician at either a broker or syndicate will contribute to your success in securing this role. You will have relevant experience in both ceded reinsurance and reinsurance systems. Ideally, you will have your Cert CII qualification and have experience working in both Lloyd’s and Company Markets. You will be a good user of Microsoft products and have an open, innovative and inclusive mindset as well as having a collaborative spirit and being results-oriented with a growth mindset.

PLEASE ONLY APPLY IF YOU HAVE EXPERIENCE AS A CEDED REINSURANCE TECHNICIAN WITHIN THE LONDON MARKET

You will be offered a competitive salary of up to £55,000 (d.o.e) plus a comprehensive benefits package. You’ll receive support and training from both Directors and Managers and be given the opportunity to take on further duties in the future.