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Intl Senior Ceded Reinsurance Technician, London
Client:
IPS Group
Location:
London, United Kingdom
Job Category:
Other
-
EU work permit required:
Yes
Job Reference:
eb00c8295c5f
Job Views:
22
Posted:
12.08.2025
Expiry Date:
26.09.2025
Job Description:
I am currently working with a global Re-Insurer to recruit a Senior Ceded Reinsurance Technician within their City of London office.
This position will play a pivotal role within the ceded reinsurance operations team, supporting the Technical Operations Manager in the delivery of post-placement administration of the ceded reinsurance program, including monthly, quarterly, and annual reporting and analysis.
Day-to-day responsibilities will include:
* Administer Reinsurance contracts to ensure compliance with all contractual obligations, including the calculation and processing of Minimum and Deposit premiums, premium adjustments, quota share statements, bordereaux, profit commissions, and No Claim Bonuses.
* Ensure all Ceded Reinsurance contracts are accurately recorded in the policy admin system.
* Administer payment requests and credit control recoveries balances.
* Calculate and process facultative and excess of loss reinsurance recoveries.
* Assist with peer review of tasks carried out by colleagues.
* Assist with training new and current team members when required.
* Provide proactive customer service to Operations, Underwriting, Actuarial, IT, and Finance teams. Respond promptly to reinsurer and broker queries.
* Be actively involved in developing the Company’s reinsurance administration procedures and systems.
* Lead contribution to the Ceded RI workstream of the Business Transformation project.
* Undertake any reasonable duties as requested by the Ceded Reinsurance Technical Operations Manager.
* Assist with credit control on outward RI collections.
The ideal candidate will have experience with multiple types of reinsurance, including Facultative and XOL, with good exposure to LORS being an advantage.
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