At a Glance
- Tasks: Manage post-placement activities for global reinsurance contracts and ensure accurate financial records.
- Company: Join Everest, a leader in risk management with a commitment to community impact.
- Benefits: Flexible remote work, competitive salary, and a supportive, inclusive culture.
- Other info: Opportunities for growth in a dynamic, collaborative environment.
- Why this job: Be at the heart of complex reinsurance programmes and make a real difference.
- Qualifications: Experience in reinsurance accounting and strong attention to detail required.
The predicted salary is between 50000 - 65000 £ per year.
About Everest
Everest is a global leader in risk management with a 50+ year heritage of enabling businesses to survive and thrive. We are underwriters of risk, growth, progress and opportunity, with a global team focused on disciplined capital allocation and long-term value creation for all stakeholders. We care deeply about our impact on communities and the wider world.
Role Purpose
The Senior Ceded Technician is responsible for delivering post-placement accounting and settlement activities across a range of proportional and non-proportional reinsurance contracts. The role ensures reinsurers are billed accurately and paid on time, while maintaining robust financial records and supporting the ongoing administration of ceded programmes.
Key Accountabilities
- Manage ceded reinsurance post-placement activities across proportional and non-proportional contracts
- Produce and validate ceded reinsurance accounting extracts and reports
- Prepare and issue reinsurer statements, premium remittances, and settlement documentation
- Coordinate the settlement of deposit premiums across multi-entity ceding treaties
- Calculate and administer adjustment premiums and profit commissions
- Support claims-related activity, including issuing cash calls, loss billings, and calculating reinstatement premiums in collaboration with the Global Ceded Claims team
- Manage billing, cash collection, and settlement processes, ensuring timely and accurate execution
- Reconcile ceded balances and investigate discrepancies
- Respond to broker and reinsurer queries related to accounts, billing, and settlements
- Support internal stakeholders with coverage and accounting queries
- Carry out LORS activities on behalf of the Syndicate
- Work closely with Placement and Contracts teams to resolve data, coverage, and wording issues
- Support audit, regulatory, and internal control requirements
Professional Experience
- Demonstrable experience in reinsurance accounting, operations, or a technical finance role
- Experience working within the Lloyd’s and London Market (essential)
- Familiarity with reinsurance treaty structures, including proportional and non-proportional arrangements
- Understanding of reinsurance settlement processes and lifecycle
Skills & Abilities
- Strong attention to detail and numerical accuracy
- Solid understanding of reinsurance accounting principles
- Ability to manage deadlines and coordinate with multiple counterparties
- Clear and professional communication skills
- Confident working with financial systems and large datasets
- Intermediate to advanced Microsoft Excel skills
- Experience with XL Pro (highly desirable)
- LORS experience (desirable)
What if I don’t meet every requirement?
At Everest we are dedicated to building an inclusive and authentic workplace. If you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities we serve. We pride ourselves on an inclusive culture driven by a unified set of values and behaviours.
Our Values are the guiding principles that inform our decisions, actions and behaviours. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
Our Colleague Behaviours define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviours across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
