Reinsurance Technician

An exciting opportunity reporting to the Head of Outwards Reinsurance Operations, this role will support the end-to-end reinsurance operational processes for third-party syndicates. This role will support the Head of Outwards Reinsurance Operations to administer all operational aspects of ceded reinsurance, proportional & non-proportional business.

Contract Set-Up & Premium Settlement

• Review and sign off ceded contract setup to ensure accurate system recording.
• Oversee premium settlement process and ensure timely communication with brokers.
• Administer profit commissions, sliding scale commissions, and cash call recoveries.

Non-Proportional Reinsurance Oversight

• Manage M&D premium bookings, reinstatement premiums, XOL subject premium adjustments, and recovery calculations.
• Liaise with brokers and underwriting for collections and approvals.

Reporting & Data Management

• Prepare regulatory returns (e.g., Lloyd’s SRS) and provide ceded data to actuarial and finance teams.
• Support reinsurer/internal audits and maintain procedural documentation.

Skills & Experience Requirements

• Strong ceded reinsurance experience across proportional and non-proportional types.
• Proficient in Excel, Word, PowerPoint with SICS Cede and Lloyd’s market experience desirable.
• CII qualification advantageous.