Reinsurance Technician

2 weeks ago

London, Greater London, United Kingdom Lawes Consulting Group Full time £65,000 per year

Job Description

Job title: Reinsurance Technician
Salary: £65,000
Location: London - Hybrid

PURPOSE OF ROLE
We are working with a leading Lloyd's Market organisation to recruit a Reinsurance Technician. The role sits within the Outwards Reinsurance function and will involve assisting with ceded reinsurance transactions including premium adjustments, profit commissions, recoveries, and broker rebates. 

RESPONSIBILITIES

  • Support ceded reinsurance transactions, including premiums, commissions, recoveries, and operational reporting.
  • Maintain the Outwards Reinsurance subledger, including contract references and credit control ledgers.
  • Track and collect reinsurance rebates, liaising with Finance and brokers.
  • Assist with reinsurance security reviews, applying benchmarks and analysis.
  • Collaborate with actuarial teams to review quarterly reserves by programme.

DAY-TO-DAY

  • Collate and distribute Outwards Reinsurance data accurately and on time.
  • Assist with transaction settlements via market systems and provide supporting documentation.
  • Manage reinsurance recovery billing, aged debt reports, and credit control processes.
  • Produce collection/advice/precautionary notes through to settlement.
  • Prepare monthly reports on outstanding balances and paid/incurred movements.
  • Assist with reporting on premium adjustments, collateral monitoring, and syndicate submissions.
  • Work with Finance on cash application and reconciliation.
  • Contribute to process improvements and reporting automation.

EXPERIENCE

  • Experience within the London Market (minimum 2 years preferred).
  • Operational/ Technical experience, ideally within Outwards Reinsurance.
  • Familiarity with Reinsurance market IT systems.
  • Exposure to Lloyd's reporting advantageous.

SKILLS

  • Excellent attention to detail and data accuracy.
  • Proficient in Microsoft Office Suite.
  • Strong organisational and prioritisation abilities.
  • CII qualifications or working towards (desirable).

If you have the relevant experience or know someone that does, please contact me now on or email us

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