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For Companies At a Glance
- Tasks: Join our team to manage reinsurance contracts and collaborate with global stakeholders.
- Company: Everest, a leading global insurance and reinsurance provider.
- Benefits: Flexible remote work, inclusive culture, and opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while building strong relationships.
- Qualifications: Experience in reinsurance and strong communication skills required.
- Other info: Inclusive workplace that encourages diverse applicants to apply.
The predicted salary is between 36000 - 60000 £ per year.
About the Role
Join the Everest Ceded Reinsurance Team as a Senior Reinsurance Technician and become a key player in our Global Operations Team. In this role, you will report to the AVP Head of Contract Setup, Ceded Reinsurance and collaborate closely with internal stakeholders—including the Ceded Re Placing Team, Ceded Re Accounting, Underwriters, Claims, and Actuaries—to ensure reinsurance contracts are accurately recorded, billed efficiently, and meet all internal reporting and governance requirements.
You’ll also be responsible for building and maintaining strong relationships with Brokers and Reinsurers, helping to reinforce Everest’s reputation as a leading global insurance and reinsurance provider.
This position is based in our London office, with the flexibility to work remotely two days a week.
Role & Responsibilities
- Record reinsurance contracts in the Ceded Reinsurance Accounting System (XL Pro), including treaty and facultative placements on both proportional and non-proportional bases.
- Prepare and deliver ceded accounts accurately and on time, with all necessary supporting documentation.
- Coordinate the settlement of Deposit Premiums across multi-entity ceding treaties.
- Calculate and administer Adjustment Premiums and Profit Commissions.
- Work alongside our Global Ceded Claims Specialist to issue Cash Calls, bill XOL claim recoveries, and calculate Reinstatement Premiums.
- Respond to Broker and Reinsurer queries related to ceded accounts.
- Support internal stakeholders with coverage queries.
- Assist in resolving overdue balances.
- Carry out LORS activities on behalf of the Syndicate.
Qualifications
- Proven experience as a Ceded Reinsurance Technician or Reinsurance Broker Technician.
- Lloyd’s and London Market experience (essential).
- Strong written and verbal communication skills.
- Intermediate to advanced Microsoft Excel skills.
- XL Pro experience (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. So, 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 that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.
- Our Values are the guiding principles that inform our decisions, actions and behaviors. 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 Behaviors 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 behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
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Ceded Reinsurance Technician employer: Everest
Contact Detail:
Everest Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ceded Reinsurance Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry, especially those who work at Everest or similar companies. A friendly chat can open doors and give you insider info on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of XL Pro and LORS. We want to see that you’re not just familiar with the tools but can also talk about how you’ve used them effectively in past roles.
✨Tip Number 3
Show off your communication skills! During interviews, be clear and concise when discussing your experience. Remember, you’ll be collaborating with various teams, so demonstrating your ability to communicate well is key.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the Everest team.
We think you need these skills to ace Ceded Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as a Ceded Reinsurance Technician or similar roles. Use keywords from the job description to show that you understand what we’re looking for.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Share why you’re excited about joining our team and how your skills align with the role. Don’t forget to mention any relevant experience with XL Pro or LORS.
Showcase Your Communication Skills: Since strong written communication is key for this role, ensure your application is clear and concise. We want to see that you can convey complex information effectively, just like you would in the job!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity with Everest!
How to prepare for a job interview at Everest
✨Know Your Reinsurance Basics
Before the interview, brush up on your knowledge of reinsurance contracts, especially the differences between treaty and facultative placements. Being able to discuss these concepts confidently will show that you understand the core responsibilities of a Ceded Reinsurance Technician.
✨Familiarise Yourself with XL Pro
If you have experience with XL Pro, make sure to highlight it during the interview. If not, take some time to learn about its functionalities. Being able to discuss how you would use this system to record contracts and manage accounts will impress your interviewers.
✨Prepare for Stakeholder Interaction
Since this role involves collaboration with various internal stakeholders, think of examples from your past experiences where you successfully worked with different teams. Be ready to share how you built relationships and resolved conflicts, as this will demonstrate your teamwork skills.
✨Showcase Your Communication Skills
Strong written and verbal communication is key in this role. Prepare to discuss how you've effectively communicated complex information in the past, whether to brokers, reinsurers, or internal teams. Practising clear and concise responses will help you shine during the interview.
