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Syndicate Reinsurance Technician

3 months ago

London, UK, United Kingdom Bruin Full time

Job Title: Syndicate Reinsurance Technician

Location: London (Hybrid Working Available)


Company information:

Join a leading Lloyd’s syndicate as a Reinsurance Technician in the heart of London’s insurance market. This role is with a dynamic and growing team, committed to providing top-tier reinsurance solutions. This is an exciting opportunity to be a part of a prestigious organisation where your contributions will directly support strategic goals.


Role Overview:

As a Syndicate Reinsurance Technician, you will play a critical role in the management and administration of reinsurance contracts. You will work closely with underwriters, claims teams, and other key stakeholders to ensure the efficient processing of reinsurance treaties and the accurate maintenance of records. This role is perfect for someone who thrives in a fast-paced environment and is looking to further their career within the Lloyd’s market.


Key Responsibilities:

  • Support the placement and administration of reinsurance contracts, including facultative and treaty reinsurance.
  • Maintain accurate records of all reinsurance transactions, ensuring compliance with regulatory and internal guidelines.
  • Liaise with underwriters, claims teams, brokers, and other stakeholders to provide technical support and ensure smooth reinsurance processes.
  • Assist with the preparation of reports and presentations for internal and external meetings.
  • Monitor reinsurance recoverables and follow up on outstanding balances.
  • Coordinate the submission of bordereaux and reinsurance documentation as required.
  • Contribute to the development and improvement of processes within the reinsurance team.
  • Support with regulatory reporting and audits.


Requirements:

  • Previous experience in a reinsurance technician role, preferably within a Lloyd’s syndicate or London Market environment.
  • Strong knowledge of reinsurance contracts, including both facultative and treaty business.
  • Excellent attention to detail and organisational skills.
  • Strong communication and interpersonal skills, with the ability to build effective working relationships with internal and external stakeholders.
  • Ability to work independently as well as part of a collaborative team.
  • Proficiency in Microsoft Office, particularly Excel, and experience with relevant reinsurance systems.


What’s on Offer:

  • Competitive salary and comprehensive benefits package.
  • Hybrid working model, allowing flexibility between office and remote work.
  • Opportunities for career development and professional growth within a leading Lloyd’s syndicate.
  • A supportive and collaborative work environment with a strong focus on employee well-being.