Ceded Reinsurance Technician

Harrison Holgate
09 Feb 2017
09 Mar 2017
Contract Type
Full Time
A Lloyd's Syndicate have an opening for a Ceded Reinsurance Technician. You will be accountable for the accurate and timely administration of reinsurance contracts, the timely receipt of reinsurance recoveries and the delivery of excellent customer service to internal and external customers.

Key Responsibilities:

Manage reinsurance contract documentation including the capture of contracts and endorsements on reinsurance systems.
Administer reinsurance contracts to ensure the Group complies with contractual terms and conditions.
Ensure all applicable claims are CAT coded appropriately and are recovered under relevant reinsurance programme(s).
Calculate and input to the core transaction system, facultative reinsurance recovery figures and produce and submit to brokers accounting documentation.
Produce and submit to brokers accounting documentation for proportional reinsurance contracts.
Run the excess of loss recovery system and produce and submit to brokers accounting documentation.
Build monthly the gross and net underwriting triangles.
Analyse movements in net triangles to ensure accuracy and reasonableness and respond promptly to queries from the underwriting teams arising from the net triangles.
Calculate premium adjustments.
Work in conjunction with the Assistant Reinsurance Administration Managers to meet or exceed key performance indicators in relation to the administration of reinsurance.
Work collaboratively with the rest of the reinsurance technical team to meet and/or exceed key performance indicator performance targets for all Group reinsurance.
Undertake pro active credit control including liaising with reinsurance brokers and escalating matters where appropriate to the Ceded Reinsurance Administration Manager.
Respond promptly to reinsurer and broker queries, liaising with claims managers and underwriters where appropriate.
Contribute to the quarterly reserving exercise.
Provide pro-active customer service to underwriting and finance teams.
Be actively involved in the on-going development of the Company's reinsurance administration procedures and systems.
Undertake any other reasonable duties as may be requested by the Reinsurance Administration Manager in the provision of the service.