Job Overview

Location
London, England
Job Type
Full Time
Salary
£18,000 - £25,000 Per Year
Date Posted
12 days ago

Additional Details

Job ID
81372
Job Views
4

Job Description

Arthur is assisting a reputable Lloyd's syndicate with the hire of a Reinsurance Technician for their growing team here in London. 

Reporting to the Reinsurance Operations Manager you will support the syndicate across all aspects of outwards reinsurance management and administration. 

Responsibilities (Proportional and Non Proportional Business) 
  • Review bordereaux reporting and manage the settlement process
  • Review and sign-off of ceded premium calculations 
  • Review profit commission calculations
  • Initiate and process cash call recoveries
  • Administer sliding scale commission 
  • Ensure accuracy of Minimum & Deposit (M&D) premium bookings and accounting classifications
  • Responsibility for ceded recovery calculations - including any associated reinstatement premiums
  • Oversee recovery collections and aged debt and be the broker point of contact
  • Review Excess of Loss Subject Premium adjustments and liaise with underwriting / senior management for sign-off
  • Manage contract entries into the reinsurance system 
  • Administer LORS entries 

Reporting

  • Preparation of Lloyd's Syndicate Reinsurance Structure (SRS) returns and any other associated ceded reinsurance data for Lloyd's reporting
  • Provide ceded data to the actuarial function
  • Liaise with the claims department for recovery support and queries as required
  • Assist with providing data for reinsurer audits
  • Hand off of ceded data to the reinsurance finance team
  • Assist the Reinsurance Manager with preparing ceded ultimate premium data 

Candidates must have Reinsurance experience to be considered for this role either in the Lloyd's outwards reinsurance market or from a regional reinsurance role.

Location

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