Reinsurance Technician - #2196273

New Vacancy: Reinsurance Technician
Lloyd's Syndicate
City of London

I am currently partnered with a leading Lloyd's Syndicate who are seeking a Reinsurance Technician to join their growing team.

This role will be assisting with all reinsurance operations and accounting processes including; loss reports, updating databases, and much more.

My client is looking with 1/2+ years within a Reinsurance Technician related role, from either the Syndicate or Broking side, would be a great opportunity for a trainee to step up and take on more responsibility.

Key Responsibilities

• Assist with the preparation and production of monthly reinsurance claims collection reports and associated advices, ensuring recoveries are accurately identified, monitored and communicated.
• Support the preparation and delivery of management information (MI), providing accurate and timely reporting to relevant internal stakeholders.
• Undertake monthly reconciliations of reinsurance reports and data to support the requirements of the Finance and Actuarial departments, investigating and resolving any discrepancies.
• Assist with the processing and administration of outwards reinsurance premiums and claims recoveries through the Lloyd's Outwards Reinsurance System (LORS).
• Review and validate data used for financial accounting and management reporting, ensuring information is complete, accurate and available in line with month-end and quarter-end reporting deadlines.
• Assist with the preparation and collation of reinsurance information and supporting documentation for Reinsurance Security and Underwriting Committee meetings.
• Work closely with internal teams to ensure reinsurance data, financial information and reporting requirements are maintained to a high standard.