Title:
Ceded Reinsurance Technician
Company:
Everest Advisors (Uk), Ltd.
Job Category:
Underwriting
Job Description:
About Everest:
Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.
About the Role:
Join the Everest Ceded Reinsurance Team as a Senior Reinsurance Technician and become a key player in our Global Operations Team. In this role, you will report to the AVP Head of Contract Setup, Ceded Reinsurance and collaborate closely with internal stakeholders—including the Ceded Re Placing Team, Ceded Re Accounting, Underwriters, Claims, and Actuaries—to ensure reinsurance contracts are accurately recorded, billed efficiently, and meet all internal reporting and governance requirements.
You'll also be responsible for building and maintaining strong relationships with Brokers and Reinsurers, helping to reinforce Everest's reputation as a leading global insurance and reinsurance provider.
This position is based in our London office, with the flexibility to work remotely two days a week.
Role & Responsibilities (include but not limited to):
* Record reinsurance contracts in the Ceded Reinsurance Accounting System (XL Pro), including treaty and facultative placements on both proportional and non-proportional bases.
* Prepare and deliver ceded accounts accurately and on time, with all necessary supporting documentation.
* Coordinate the settlement of Deposit Premiums across multi-entity ceding treaties.
* Calculate and administer Adjustment Premiums and Profit Commissions.
* Work alongside our Global Ceded Claims Specialist to issue Cash Calls, bill XOL claim recoveries, and calculate Reinstatement Premiums
* Respond to Broker and Reinsurer queries related to ceded accounts.
* Support internal stakeholders with coverage queries.
* Assist in resolving overdue balances.
* Carry out LORS activities on behalf of the Syndicate.
Qualifications:
* Proven experience as a Ceded Reinsurance Technician or Reinsurance Broker Technician.
* Lloyd's and London Market experience (essential).
* Strong written and verbal communication skills.
* Intermediate to advanced Microsoft Excel skills.
* XL Pro experience (highly desirable).
* LORS experience (desirable).
What if I don't meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn't align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.
* Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
* Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Type:
Regular
Time Type:
Full time
Primary Location:
London
Additional Locations:
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