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Ceded Reinsurance Technician

Job Specification

London, Hybrid home working


An exciting opportunity to join a Lloyd’s Syndicate who are a renowned market leader with an exceptional reputation and a recipient of multiple awards for their continued outstanding services. As a key player in the reinsurance sector, they offer a dynamic and collaborative working environment where talent is nurtured, and expertise is valued. With our commitment to excellence and innovation, they can provide exciting opportunities for professional growth and development.

The ideal candidate will be able to demonstrate a background in reinsurance, and experience in a syndicate is advantageous but not a requirement. In this role, you will play a crucial part in supporting the smooth operations of the reinsurance department.

Responsibilities will include:

  •  Take full ownership of a portfolio of reinsurances, including the accurate capture of contracts and endorsements on reinsurance systems
  • Ensure all applicable claims are CAT coded appropriately and are recovered under relevant reinsurance programme(s)
  • Undertake regular cession reviews across your portfolio, assuming accountability for risks correctly ceding to reinsurances
  • Calculate and input to the core transaction system, facultative reinsurance recovery figures and produce and submit to brokers accounting documentation
  • Take full ownership of an agreed set of proportional accounts, producing and submitting to brokers accurately and on time
  • Run the excess of loss recovery system, produce and submit to brokers accounting documentation
  • Contribute towards the monthly gross and net close process
  • Calculate premium adjustments
  • Work in conjunction with both the SL/Cyber and Non-SL/Cyber Reinsurance Administration Managers
  • Respond promptly to reinsurer and broker queries, liaising with claims managers and underwriters
  • Involvement in the on-going development of the Company’s reinsurance administration procedures and systems
  • Hosting Claims audits with Reinsurers
Salary £50,000

+ Competitive Bonus and Benefits

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