At a Glance
- Tasks: Lead reinsurance operations and develop scalable tech solutions for a growing business.
- Company: Dynamic specialty (re)insurance firm in the heart of London.
- Benefits: Competitive salary, career growth, and a chance to shape innovative processes.
- Other info: Exciting opportunity to work with market-leading technology and improve operational efficiency.
- Why this job: Join a cutting-edge team and make a real impact in the reinsurance industry.
- Qualifications: Experience in reinsurance operations and strong technical skills required.
The predicted salary is between 66150 - 80850 £ per year.
Our client, a growing specialty (re)insurance business operating in the Lloyd’s and London Market, is seeking a technically strong Outwards Reinsurance Technical Lead to support the continued growth of its operational platform and the build-out of its Lloyd’s managing agency capability.
Sitting within the Capital function and reporting to a senior leader in that team, the role combines end-to-end administration, reporting and oversight of the ceded reinsurance programme with the opportunity to help build and scale the technology, systems and processes that will underpin future growth.
The successful candidate will work across the wider Capital & Risk function, including portfolio analytics, pricing, reserving and data science as well as Finance, Operations and Underwriting.
They will play a key role in developing the firm’s operational reinsurance infrastructure, improving efficiency through automation and market-leading technology, and supporting the development of portfolio management and reporting capability.
This is a strong opportunity for someone who enjoys both technical reinsurance operations and building scalable, technology-led platforms and processes within a growing business.
This is probably the most exciting reinsurance business in London today.
Responsibilities
- Outwards Reinsurance Operations
- Administer complex ceded reinsurance treaties and facultative arrangements across proportional and non-proportional programmes.
- Interpret contract wordings and ensure accurate operational application.
- Maintain accurate system records for all reinsurance contracts.
- Process endorsements, amendments and contractual adjustments.
- Ensure operational workflows reflect contract terms, controls and market practice.
- Calculate and process ceded premiums, commissions, reinstatements and adjustments.
- Manage claims recoveries across proportional and non-proportional treaties.
- Oversee large and complex loss recoveries, including disputes where required.
- Ensure timely and accurate settlement of reinsurer balances.
- Track premiums, claims, recoverables, collateral and related cash movements.
- Support catastrophe bond and alternative risk transfer activity where applicable.
- Reconciliations & Financial Control
- Perform detailed reconciliations across reinsurance ledgers, systems and source data.
- Investigate and resolve discrepancies across underwriting, claims and finance data.
- Manage aged debt and outstanding recoverables.
- Support month-end, quarter-end and year-end close processes.
- Maintain strong financial controls, governance and audit readiness.
- Ensure accurate data and reporting for internal control, audit and regulatory purposes.
- Bordereaux, Data & Reporting
- Produce, validate and review premium, risk and claims bordereaux.
- Ensure accuracy and completeness of data for reporting, regulatory and Lloyd’s market requirements.
- Support audit, compliance and Lloyd’s reporting processes.
- Contribute to improvements in data quality, reporting processes and operational MI.
- Deliver portfolio, operational and performance reporting to internal stakeholders.
- Operational Build & Systems Development
- Help lead the operational build-out of ceded reinsurance capability within the managing agency platform.
- Work with teams across the business to design scalable processes, workflows and controls.
- Support the development of proprietary systems for ceded reinsurance operations and broader portfolio management tools.
- Define business requirements and act as a key business stakeholder in system design, testing, implementation and adoption.
- Help reduce manual processes through automation and improved data workflows.
- Support the development of tools enabling improved exposure management, capital allocation, portfolio analytics and investor reporting.
Skills & Experience
- Technical Knowledge
- Lloyd’s and/or London Market operations and structures.
- Treaty and facultative reinsurance operations and management, including proportional and non-proportional structures.
- Ceded reinsurance accounting, recoveries and settlement processes.
- Claims recovery lifecycle and large loss handling.
- Bordereaux production, validation and reporting.
- Reinsurance systems development, process, workflow, technology and operational controls.
- Financial controls, reconciliation principles and audit requirements.
- Exposure management, portfolio reporting and analytics.
- Catastrophe bonds, ILS or alternative capital structures would be advantageous.
Reinsurance Technical Lead in London employer: Brightwater Recruitment
Join a dynamic and supportive team at a leading distribution company in Lisburn, where your contributions as a Customer Service Assistant will be valued and recognised. With a strong focus on employee development, we offer comprehensive training and growth opportunities, alongside a collaborative work culture that encourages innovation and teamwork. Enjoy the benefits of working in a thriving industry, with the chance to represent our brand at exciting trade shows and events.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technical Lead in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Brightwater Recruitment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Reinsurance Technical Lead in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Brightwater Recruitment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Brightwater Recruitment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Brightwater Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Brightwater Recruitment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Brightwater Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Brightwater Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
