Reinsurance Technician

Job title: Reinsurance Technician
Salary: £60,000
Location: London – Hybrid

PURPOSE OF ROLE
We are working with a leading Lloyd’s Market organisation to recruit an experienced 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 is highly beneficial (minimum 2 years preferred).
• Operational experience, ideally within Outwards Reinsurance.
• Familiarity with Reinsurance market 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