At a Glance
- Tasks: Manage reinsurance contracts and ensure compliance while supporting financial reporting.
- Company: Join a leading reinsurer known for its excellence and innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Great opportunity for career growth in a supportive atmosphere.
- Why this job: Be part of a crucial team that impacts global insurance markets.
- Qualifications: University degree preferred; experience in reinsurance or finance is a plus.
The predicted salary is between 37800 - 46200 £ per year.
We are recruiting for a
Ceded Technician on behalf of one of the largest and highly regarded reinsurers in the world.
The successful candidate will manage post-bind activities across external and internal reinsurance portfolios, ensuring contractual compliance and accurate processing.
The role also supports financial reporting, internal controls and process improvements.
Key Responsibilities
- Setting up ceded reinsurance contracts and collateral trust agreements in REMS and SICS.
- Reviewing and processing ceded transactions, ensuring contract terms are complete and accurate.
- Monitoring large catastrophe-related movements and understanding their impact on the ceded portfolio.
- Supporting monthly and quarterly closes, ensuring SOX 404 processes and internal controls are followed.
- Processing and reconciling ceded accruals and recoveries, ensuring accurate transactions, reporting and financial disclosures.
- Preparing and analysing ceded proportional bordereaux and claims recovery notifications, as well as investigating variances and liaising with underwriters, brokers and reinsurers.
- Managing collateral requirements, including amendments, withdrawals and releases, processing and reconciling in SICS.
- Reconciling reinsurer cash, monitoring overdue receivables, pursuing recoveries, settling payables and resolving discrepancies.
- Responding promptly to queries from reinsurers, brokers and internal stakeholders.
- Liaising with internal and external auditors.
- Supporting the development and documentation of processes, controls, systems and solutions.
- Providing underwriting support at the Lloyd's box.
- Key Requirements
- A university degree is preferred. Emphasis on business, insurance or finance / accounting is advantages or comparable reinsurance experience.
- A professional designation is preferred (such as ACII/CPCU/AIC/ARe).
- At least 2 to 5 years prior relevant experience.
- Knows and meets industry standards.
- Experience with public companies and SOX 404 is advantageous.
- Working knowledge of SICS and REMS is preferred.
- Lloyd's/ London Market knowledge or completion of the Lloyd's and London Market Introductory test.
Ceded Technician in City of London employer: Eden James Consulting Limited
Join one of the UK's leading personal lines insurers as a Data Engineer, where you'll be part of a dynamic and collaborative team dedicated to innovation in data and AI. With a strong focus on employee growth, you will have access to cutting-edge technology and the opportunity to work alongside industry experts, fostering a culture of continuous learning and improvement. Enjoy a supportive work environment that values high coding standards and encourages experimentation with emerging technologies, all while contributing to impactful projects that enhance analytics and product offerings.
Contact Details:
Eden James Consulting Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Technician in City of London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Eden James Consulting Limited). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Eden James Consulting Limited. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Ceded Technician in City of London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Eden James Consulting Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Eden James Consulting Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Eden James Consulting Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Eden James Consulting Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Eden James Consulting Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Eden James Consulting Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
