Trainee Ceded Reinsurance Technician

2 weeks ago


London, United Kingdom Avencia Consulting Remote Work Freelance Full time

About us

Avencia Consulting are recruiting on behalf of a leading Bespoke & Specialty Insurer who are looking to hire a Trainee Ceded Reinsurance Technician on a fixed term contract basis. This role will be based on site 5 days a week in the London office

The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.

The role

This role will be an essential part of the Ceded Reinsurance Operations team, reporting to the Ceded Reinsurance Technical Operations Manager. The Trainee Ceded Reinsurance Technician's role is to support the Ceded Reinsurance Technical Operations Manager in delivering timely and accurate post-placement administration of the group's ceded reinsurance program.

The incumbent is expected to possess a good level of systems and data knowledge and will benefit from exceptional professional development within the Ceded Re team. The Ceded Re team purchases outwards reinsurance for all classes of business and sits within the Underwriting team therefore giving an excellent grounding for an aspiring reinsurance/underwriting career path.

Full training will be given on the job and the incumbent will also have access to funding for professional studies and exams such as the ACII.

Key accountabilities

  • Administer reinsurance contracts to ensure the Group complies with all contractual obligations, to include the calculation and processing of M&D premiums, premium adjustments, quota share statements and bordereaux, profit commissions and NCB's
  • Ensuring all ceded reinsurance contracts are accurately recorded in the policy admin system
  • Administer payment requests and credit control recoveries balances
  • Calculate and process facultative and excess of loss reinsurance recoveries
  • Provide pro-active customer service to operations, underwriting, actuarial and finance teams.
  • Respond promptly to reinsurer and broker queries
  • Be actively involved in the on-going development of the Company's reinsurance administration procedures and systems
  • Undertake any reasonable duties as may be requested by the Outwards Reinsurance Team

Skills & experience

  • University degree or A Levels, preferably in a numerate field (finance, statistics, economics, mathematics, etc.)
  • Strong knowledge of the Microsoft Suite of applications with Excel skills such as iterative formulae (nested ifs), multi-criteria lookups (index, match), sumifs and pivot tables. Power query/VBA/SQL experience a plus, but not required.
  • Strong analytical and organizational skills.
  • Ability to work effectively as part of the Ceded Reinsurance Team as well as with other key stakeholders across different functions within the organization.
  • Ability to work under pressure and handle a varied, fluctuating workload.
  • Excellent verbal and written communication skills.


  • London, United Kingdom Avencia Consulting Services Full time

    About usAvencia Consulting are recruiting on behalf of a leading Bespoke & Specialty Insurer who are looking to hire a Trainee Ceded Reinsurance Technician on a fixed term contract basis. This role will be based on site 5 days a week in the London office!The Company currently writes lines of business including; specialty insurance: aviation & aerospace,...


  • London, United Kingdom Avencia Consulting Services Full time

    About us Avencia Consulting are recruiting on behalf of a leading Bespoke & Specialty Insurer who are looking to hire a Trainee Ceded Reinsurance Technician on a fixed term contract basis. This role will be based on site 5 days a week in the London office! The Company currently writes lines of business including; specialty insurance: aviation & aerospace,...


  • London, United Kingdom Avencia Consulting Services Full time

    About us Avencia Consulting are recruiting on behalf of a leading Bespoke & Specialty Insurer who are looking to hire a Trainee Ceded Reinsurance Technician on a fixed term contract basis. This role will be based on site 5 days a week in the London office! The Company currently writes lines of business including; specialty insurance: aviation & aerospace,...


  • City of London, United Kingdom Arthur Full time

    Title: Ceded Reinsurance Technician Location: London **Salary**: £40,000 - £70,000 Arthur are currently aligned with a market leading specialty insurer on the appointment of a Ceded Reinsurance Technician. Their team is already strong and incredibly efficient and looking to expand headcount. You will be responsible for the complete administration of...


  • London, United Kingdom Harrison Holgate Full time

    Our client, a City based insurance company, have a new opening for a Ceded Reinsurance Technician on a 12 month fixed term contract basis. It will involve handling all aspects of reinsurance including Proportional/Non Proportional Treaty, Fac and Excess of Loss business. Duties and Responsibilities Account preparation and analysis for all ceded types. ...


  • London, United Kingdom Oliver James Full time

    A leading global business process management company is looking for a Senior Ceded Reinsurance Technician to support their client, a Lloyd's syndicate insurance business based in London. This international specialty insurer and reinsurer, will have you supportingon everything post bond, including Risk Capture Data, payment of premium, calculation of...


  • London, United Kingdom Avencia Consulting Services Full time

    Avencia Consulting are recruiting on behalf of a leading Bespoke & Specialty Insurer who are looking to hire a Trainee Ceded Reinsurance Technician on a fixed term contract basis. This role will be based on site 5 days a week in the London office! specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency...


  • London, United Kingdom Avencia Consulting Services Full time

    Avencia Consulting are recruiting on behalf of a leading Bespoke & Specialty Insurer who are looking to hire a Trainee Ceded Reinsurance Technician on a fixed term contract basis. This role will be based on site 5 days a week in the London office! specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency...


  • London, United Kingdom Everest Re Group, Ltd. Full time

    Title: Head of Ceded Reinsurance Company: Everest Advisors (Uk), Ltd. Job Category: Underwriting **Job Description**: Role purpose The primary purpose of this role is to lead the development and execution of the Ceded Reinsurance strategy and support underwriting leadership, and the wider underwriting community across Everest Insurance...


  • London, United Kingdom AXIS Insurance Full time

    This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS,...


  • London, United Kingdom BCT Resourcing Full time

    **Senior Ceded Reinsurance Technician** **London** **£75,000 per annum** A leading global business process management company is looking for a Senior Ceded Reinsurance Technician to support their client, a Lloyd's syndicate insurance business based in London. This international specialty insurer and reinsurer, will have you supportingon everything post...


  • London, United Kingdom Insight Recruitment Solutions Limited Full time

    The company have a competitive benefits package and offer hybrid working. Our client is committed to diversity in all of its forms and operates an inclusive recruitment process. As part of the Ceded Reinsurance team, responsibilities will include: - Account preparation and analysis for all ceded types - Assistance with the calculation and booking of...


  • London, Greater London, United Kingdom myGwork Full time

    This inclusive employer is a member of myGwork - the largest global platform for the LGBTQ+ business community. GeneralJob description and person specificationRole: Ceded Reinsurance Junior BuyerDivision: Ceded ReinsuranceJob Summary: Specialist international insurance company Beazley are looking for a Ceded Reinsurance Junior Buyer. The successful candidate...


  • London, United Kingdom Insight Recruitment Solutions Limited Full time

    Our client, a specialty provider of property and casualty insurance and reinsurance, seeks either an experienced Technical Accountant working in a similar role, or someone with Operations experience who is keen to learn new skills. Experience on the underwriting/ broking side will be considered. The company offer hybrid working and our client is committed to...


  • London, United Kingdom Eden James Consulting Ltd Full time

    **Reinsurance Technician** **London** **Circa £55,000 **+ Excellent Benefits** We are currently recruiting for a Reinsurance Technician on behalf of our client, a highly regarded and very well-known Lloyd's/London market business. The key purpose of the role is the collection of the company’s reinsurance asset through accurate calculation and issuance...


  • London, United Kingdom Markel Full time

    **About Markel**: Avencia Consulting are an RPO who provide a recruitment service to our client Markel International. Markel Corporation (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world. In each of our businesses, we seek...


  • London, United Kingdom eFinancialCareers Full time

    New Vacancy: Reinsurance Technician City of London - Lloyd's MGA Salary £50,000 - £55,000 An established Lloyd's MGA are looking to add an Reinsurance Technician to work within their growing team. This is fantastic opportunity to work within an established team, who regularly promote from within. Experience within an reinsurance technician type role (3-6...


  • London, United Kingdom Arthur Full time

    Arthur are proud to be partnered with with an exceptional London syndicate as they experience a pivotal period of growth and look to expand their Ceded Re team. The team are lookingforan experienced reinsurance professional tofill an integral position in the teamas a Reinsurance Technician, supportingsenior team members with all RIoperational and...


  • london, United Kingdom Lancashire Insurance Group Full time

    We have an exciting 6-12 month contract opportunity for you to join our team as a Trainee Reinsurance Technician! The primary purpose of this role is to provide administration support to the reinsurance team including tasks such as:Accurately recording and monitoring Reinsurance contractsCalculating and processing Reinsurance recoverablesData analysis and...


  • London, United Kingdom AXA Group Full time

    Ceded Reinsurance – Senior Reinsurance Technician London, England, United Kingdom Ceded Reinsurance is a strategic function within AXA XL in charge of defining and implementing the reinsurance strategy as well as administrating all reinsurance treaties through their lifecycle. Ceded Re is part of the AXA XL Risk Management function, the AXA XL Chief...