New Job Opening: Reinsurance Technician in London, UK

Job Description

Job title: Reinsurance Technician
Salary: £65,000
Location: London - Hybrid

PURPOSE OF ROLE
We are working with a leading Lloyd’s MGA to recruit a Reinsurance Technician. The role sits within the Ceded Reinsurance function and will involve assisting with ceded reinsurance transactions including premium adjustments, profit commissions, recoveries, and broker rebates. 

RESPONSIBILITIES

• Support ceded reinsurance transactions, including premiums, commissions, recoveries, and operational reporting.


• Maintain the Outwards Reinsurance subledger, including contract references and credit control ledgers.


• Track and collect reinsurance rebates, liaising with Finance and brokers.


• Assist with reinsurance security reviews, applying benchmarks and analysis.


• Collaborate with actuarial teams to review quarterly reserves by programme.

DAY-TO-DAY

• Collate and distribute Outwards Reinsurance data accurately and on time.


• Assist with transaction settlements via market systems and provide supporting documentation.


• Manage reinsurance recovery billing, aged debt reports, and credit control processes.


• Produce collection/advice/precautionary notes through to settlement.


• Prepare monthly reports on outstanding balances and paid/incurred movements.


• Assist with reporting on premium adjustments, collateral monitoring, and syndicate submissions.


• Work with Finance on cash application and reconciliation.


• Contribute to process improvements and reporting automation.

EXPERIENCE

• Experience within the London Market (minimum 2 years preferred).


• Operational/ Technical experience, ideally within Outwards Reinsurance.


• Familiarity with Reinsurance market IT systems.


• Exposure to Lloyd’s reporting advantageous.

SKILLS

• Excellent attention to detail and data accuracy.


• Proficient in Microsoft Office Suite.


• Strong organisational and prioritisation abilities.


• CII qualifications or working towards (desirable).

If you have the relevant experience or know someone that does, please contact me now on 07441 934 168 or email us at [email protected]