Reinsurance Technician

Job title: Reinsurance Technician
Salary: £65,000
Location: London – Hybrid

PURPOSE OF ROLE
We are working with a leading Lloyd’s Market organisation to recruit a Reinsurance Technician. The role sits within the Outwards Reinsurance function and will involve assisting with ceded reinsurance transactions including premium adjustments, profit commissions, recoveries, and broker rebates. 

RESPONSIBILITIES

• Support ceded reinsurance transactions, including premiums, commissions, recoveries, and operational reporting.
• Maintain the Outwards Reinsurance subledger, including contract references and credit control ledgers.
• Track and collect reinsurance rebates, liaising with Finance and brokers.
• Assist with reinsurance security reviews, applying benchmarks and analysis.
• Collaborate with actuarial teams to review quarterly reserves by programme.

DAY-TO-DAY

• Collate and distribute Outwards Reinsurance data accurately and on time.
• Assist with transaction settlements via market systems and provide supporting documentation.
• Manage reinsurance recovery billing, aged debt reports, and credit control processes.
• Produce collection/advice/precautionary notes through to settlement.
• Prepare monthly reports on outstanding balances and paid/incurred movements.
• Assist with reporting on premium adjustments, collateral monitoring, and syndicate submissions.
• Work with Finance on cash application and reconciliation.
• Contribute to process improvements and reporting automation.

EXPERIENCE

• Experience within the London Market (minimum 2 years preferred).
• Operational/ Technical experience, ideally within Outwards Reinsurance.
• Familiarity with Reinsurance market IT systems.
• Exposure to Lloyd’s reporting advantageous.

SKILLS

• Excellent attention to detail and data accuracy.
• Proficient in Microsoft Office Suite.
• Strong organisational and prioritisation abilities.
• CII qualifications or working towards (desirable).

If you have the relevant experience or know someone that does, please contact me now on 07441 934 168 or email us at admin@lawesgroup.co.uk