Senior Reinsurance Technician

Discipline: Operations
Job type: Permanent
Salary: £65000 to £80000
Contact name: Matthew Gowan
Contact email:
Job ref: J3984
Published: about 1 month ago
Senior Reinsurance Technician £65,000 - £80,000 London – Flexible hybrid working A specialist international Insurance group are seeking to grow their team with a Senior Reinsurance Technician. This individual will have responsibility for projects inclusive of system implementation, engagement with losses, as well as technical reinsurance functions. Key Responsibilities & Accountabilities: • Support the projects team with external projects • Using your outwards reinsurance technical knowledge to process all aspects of outwards reinsurance as a surge resource; or utilizing that knowledge to assist with the implementation/strengthening/migration of an outwards reinsurance product • Accurate Cover note interpretation • Knowledge of premium terms including calculation of adjustment premium. • Identification of losses and or circumstances which may trigger reinsurance reporting thresholds • Review of losses and or circumstances against the terms and conditions of the reinsurance contract • Ensure compliance to any contractual reporting triggers • Ability to calculate reinsurance recoveries against a complex Reinsurance programme • Calculation of Profit Commissions • Knowledge of Reinsurance credit control function • Assist with the implementation of new Ceded Reinsurance systems through project phases • Peer review Ceded Reinsurance record entry into source systems • Review of current procedures and recommend enhancements to improve the processes • Adherence to internal controls, including Risk and SOX controls • Review and enhancement of current provision of data necessary for both internal and external reporting You will need to be able to display you have the following qualifications and experience: • A good understanding of the full end to end Reinsurance process from Post Placement through to Credit Control and Reporting • Strong IT skills with an intermediate/advanced level of Microsoft Excel, Word and PowerPoint • Good communication skills, both written and verbal • Minimum 5 years’ experience within the London market • Solid reinsurance technical knowledge & market practices • A sound knowledge of at least one outwards reinsurance product