Ceded/Outwards Reinsurance Technician
Reinsurance Technician
We are looking for a Reinsurance Technician to join us on a permanent basis. You will be supporting our insurance clients based in the city of London.
Key Responsibilities:
- Assist in preparing and submitting inwards transactions, applying treaty terms (retention, cession & commission) accurately
- Process and analyse bordereaux and statements of account; maintain complete and auditable records
- Support monthly and quarterly close processes, including reconciliation of ceded premiums, reinstatement premiums, and recoveries
- Track and collect outstanding recoverables, liaising with brokers and reinsurers to resolve discrepancies
- Monitor treaty expiry dates, commission schedules, and ensure SLA compliance
- Assist with post-bind contract administration and system input; support audit and collateral tracking
- Support communication with underwriters and finance to ensure alignment on expected vs. actual recoveries
Requirements
Skills & Experience:
- 3 years in reinsurance or insurance claims/accounting support.
- Familiarity with reinsurance treaties (quota share, excess-of-loss).
- Strong numeracy, attention to detail, and analytical ability.
- Excellent communication and teamwork skills.
Benefits
Paying up to £70,000 per annum, depending on experience.
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