Our client, a City based insurance company, have a new opening for a Ceded Reinsurance Technician. It will involve handling all aspects of reinsurance including Proportional/Non Proportional Treaty, Facultative and Excess of Loss business.Applicants should have prior Reinsurance Technician experience, either within an Insurer, Lloyd's Syndicate or Lloyd's Broker. This will be a hybrid role, and they will provide support with professional qualifications. This is a fantastic opportunity for someone to develop technically and there will be lots of long term career progression.Duties and ResponsibilitiesAccount preparation and analysis for all ceded types.Assist with the cash entry and application process for all ceded types.Assist with the calculation and booking of premiums and claims recoveries for Excess of Loss, Facultative and Quota Share covers within core systems.Prepare and maintain proportional treaty statement aging schedules for internal reporting and tracking of overdue accounts.Liaise with cash analysts, underwriting departments, Claims department, brokers and clients to resolve queries.Ensure high quality data and contract set up within the reinsurance systems.Assist with the ceded Aged Debt and Unallocated Cash Analysis.Utilisation of technology to maximise efficiency of the ceded reinsurance department.
Back to searchCeded Reinsurance Technician
Harrison Holgate
Posted 21 days ago, valid for 18 days
London, Greater London EC1R 0WX
Full Time
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Sonic Summary
- Our client, a City-based insurance company, is seeking a Ceded Reinsurance Technician with prior experience in reinsurance, either within an Insurer, Lloyd's Syndicate, or Lloyd's Broker.
- The role involves managing all aspects of reinsurance, including Proportional/Non Proportional Treaty, Facultative, and Excess of Loss business.
- This hybrid position offers support for professional qualifications and is a great opportunity for technical development and long-term career progression.
- Key responsibilities include account preparation and analysis, cash entry processes, and liaising with various departments to resolve queries.
- The salary for this position is competitive, and applicants should have at least 3 years of relevant experience.
