At a Glance
- Tasks: Manage reinsurance contracts, process transactions, and liaise with reinsurers for smooth operations.
- Company: Dynamic insurance operation offering growth and collaboration.
- Benefits: Full-time role with exposure to senior leadership and professional development opportunities.
- Other info: Collaborative environment with opportunities for career advancement.
- Why this job: Join a high-profile team and contribute to operational excellence in the insurance industry.
- Qualifications: Experience in reinsurance processing and strong Excel skills required.
The predicted salary is between 34650 - 42350 £ per year.
An exciting opportunity has arisen for an experienced Reinsurance Technician to join a growing and dynamic insurance operation. This role offers broad exposure across reinsurance operations, close collaboration with senior stakeholders, and hands-on involvement in treaty management, bordereaux processing and reinsurer engagement. Working closely with the Reinsurance Purchasing Manager you will play a key role in ensuring the accurate recording, configuration and ongoing management of reinsurance contracts, cessions and claims recoveries, supporting timely and high-quality interactions with reinsurers.
The Role
- Configuring reinsurance contracts accurately and efficiently within the reinsurance management system, working closely with Finance on technical and financial accounting requirements
- Processing and validating risk, premium and claims transactions in line with contractual service levels
- Loading insurance transactions accurately within agreed timescales and resolving any system or data errors
- Ensuring reinsurance transactions are correctly processed and reconciled to cash movements
- Producing accurate cession and claims bordereaux for reinsurers within contractual deadlines
- Liaising directly with reinsurers to support reporting, settlement and service level delivery
- Escalating unresolved issues appropriately to senior stakeholders
- Supporting monthly compliance and quality assurance reviews
- Assisting with reinsurance performance meetings and renewal preparation
- Contributing to the development and maintenance of robust, documented reinsurance processes
- Collaborating with senior leaders across underwriting, risk, operations and finance to support effective reinsurance integration
- Cross-training to support processing within the bordereaux management system as business demands require
About You
- Recent, hands-on experience processing ceded reinsurance within the insurance industry
- Strong knowledge of XOL and Quota Share treaty structures, wordings and accounting practices
- Solid understanding of reinsurance treaty cession and claims recovery processes
- Experience working with bordereaux processing and reconciliation
- Familiarity with cash loss, funds withheld and collateralisation concepts
- Strong Excel capability, including lookups, tables and formulae
- Experience in a delegated underwriting and claims environment
- Exposure to reinsurance management systems
- Knowledge of the London Market, Bermuda and international markets
- Exposure to delegated underwriting processing
Why Apply?
- High-profile role with exposure to senior leadership
- Broad technical remit across reinsurance operations
- Opportunity to contribute to process development and operational excellence
- Collaborative and professional working environment
If you are a detail-driven Reinsurance Technician looking to take the next step in your career, we would be keen to hear from you.
Reinsurance Technician employer: Tower Street Insurance Recruitment Limited
Join a dynamic insurance operation that values collaboration and professional growth, offering a high-profile role as a Reinsurance Technician. With a focus on operational excellence and process development, you'll work closely with senior stakeholders in a supportive environment that encourages your career advancement. Located in the heart of the insurance industry, this position provides unique exposure to international markets and the opportunity to make a meaningful impact.
Contact Details:
Tower Street Insurance Recruitment Limited Recruitment Team
