At a Glance
- Tasks: Manage post-placement accounting for reinsurance contracts and ensure timely billing.
- Company: Join Everest Global Services, a leader in the reinsurance industry.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Other info: Work in a collaborative environment with excellent career advancement potential.
- Why this job: Be part of a dynamic team making an impact in the reinsurance market.
- Qualifications: Experience in reinsurance accounting and strong numerical skills required.
The predicted salary is between 50000 - 65000 £ per year.
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)
Ceded Reinsurance Analyst employer: Everest
Everest Global Services, Inc. is an exceptional employer that fosters a collaborative and dynamic work culture in the heart of London. With a strong commitment to employee development, we offer comprehensive training and growth opportunities within the reinsurance sector, ensuring our team members thrive in their careers. Our focus on accuracy and professionalism, combined with competitive benefits and a supportive environment, makes us an ideal choice for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Reinsurance Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the reinsurance industry, especially those who work at Everest or similar companies. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of reinsurance accounting principles and settlement processes. We want you to feel confident discussing your experience with proportional and non-proportional contracts!
✨Tip Number 3
Showcase your Excel skills! If you've got experience with large datasets or financial systems, make sure to highlight that during interviews. We love seeing candidates who can handle numbers with ease.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Everest.
We think you need these skills to ace Ceded Reinsurance Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Ceded Reinsurance Analyst role. Highlight your experience in reinsurance accounting and any relevant skills that match the job description. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your experience aligns with our needs. Keep it professional but let your personality come through – we love a bit of character!
Showcase Relevant Experience:When detailing your work history, focus on your experience within the Lloyd’s and London Market. Mention specific projects or tasks that demonstrate your understanding of reinsurance treaty structures and settlement processes. We’re keen to see what you’ve done!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about us and what we do!
How to prepare for a job interview at Everest
✨Know Your Reinsurance Basics
Make sure you brush up on your reinsurance accounting principles and the differences between proportional and non-proportional contracts. Being able to discuss these concepts confidently will show that you understand the core of the role.
✨Showcase Your Attention to Detail
Prepare examples from your past experience where your attention to detail made a difference, especially in managing financial records or resolving discrepancies. This is crucial for the Senior Ceded Technician role, so be ready to highlight your skills.
✨Familiarise Yourself with Financial Systems
If you have experience with XL Pro or similar financial systems, make sure to mention it. If not, do some research on common tools used in reinsurance accounting. Showing that you're tech-savvy can give you an edge.
✨Practice Clear Communication
Since the role involves responding to queries from brokers and reinsurers, practice articulating complex information clearly and professionally. You might even want to role-play potential scenarios with a friend to build your confidence.
