Senior Outwards Reinsurance Technician - #2196280

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

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

This role will be supporting the Outwards Reinsurance Manager with all reinsurance operations and accounting processes, including pre and post placement contracts, premium calculations and much more.

My client is looking for an experienced Outwards Reinsurance professional with extensive Lloyd's experience, and someone who has experience with Lloyd's regulatory returns.

Key Responsibilities

• Support the Outwards Reinsurance Manager with the day-to-day operational, administrative and accounting processes relating to the Syndicate's outwards reinsurance programme.
• Work closely with a range of internal stakeholders, including Underwriting, Claims, Finance, Actuarial, Risk Management, Operations and Exposure Management, to ensure the effective administration and management of reinsurance arrangements.
• Assist with all aspects of the pre- and post-placement administration of outwards reinsurance contracts, ensuring documentation, records and processes are accurate and up to date.
• Review and check reinsurance slips, contract documentation and Evidence of Cover to ensure accuracy and consistency with agreed terms and conditions.
• Calculate and process reinsurance premiums and recoveries across Excess of Loss, Proportional and Facultative reinsurance arrangements.
• Assist with the monitoring and management of aged reinsurance debt, following up on outstanding balances and resolving queries raised by reinsurers and brokers.
• Liaise with reinsurers and reinsurance brokers to investigate and resolve operational, accounting and contractual queries.
• Support the preparation and collation of renewal information for the Syndicate's outwards reinsurance purchasing programme.
• Assist with the preparation of reinsurance information and supporting documentation for the Reinsurance Security and Broker Committee.
• Support the completion and submission of Lloyd's regulatory returns, ensuring information is accurate and submitted within required deadlines.