An excellent opportunity for an experienced reinsurance professional to join a well-established insurance business in a senior technical capacity. This role is responsible for supporting the effective administration and operation of ceded reinsurance programmes, ensuring all post-placement activities are managed accurately and efficiently.
Working closely with underwriting, claims, finance, reserving, brokers, and reinsurers, the successful candidate will play a key role in contract management, recoveries, settlements, reporting, and process improvement initiatives. The position would suit candidates from insurer, MGA, or broker backgrounds who have strong reinsurance experience and exposure to claims.
Key Responsibilities
- Manage and oversee the administration of Excess of Loss reinsurance contracts.
- Support facultative reinsurance recovery processes and monitor recoveries.
- Maintain and update contract records across relevant reinsurance systems.
- Calculate and produce premium adjustment statements.
- Identify, calculate, and account for recoverable claims.
- Process and coordinate large or complex settlement requests.
- Liaise with underwriting, claims, finance, and reserving teams to ensure accurate reinsurance administration.
- Build and maintain relationships with brokers and reinsurers.
- Calculate and submit terrorism pool returns and related reporting.
- Monitor and manage aged debt positions.
- Process LORS and USM transactions.
- Produce exception reports and support operational control frameworks.
- Ensure compliance with SOX and other internal control requirements.
- Contribute to projects, process improvements, and system implementation initiatives.
- Represent the reinsurance function in internal and external meetings.
- Provide guidance, support, and oversight to less experienced team members where required.
What We’re Looking For
- Significant experience within a ceded reinsurance technical or operational role.
- Strong understanding of Excess of Loss and facultative reinsurance arrangements.
- Experience handling reinsurance claims and recoveries.
- Good knowledge of Lloyd’s and London Market operations.
- Ability to build effective relationships with internal stakeholders, brokers, and reinsurers.
- Strong analytical and problem-solving skills with excellent attention to detail.
- Confident communication skills, both written and verbal.
- Ability to prioritise workloads and manage multiple deadlines effectively.
- Experience using reinsurance administration systems and Microsoft Office applications.
- Leadership capability, with experience mentoring or supporting colleagues.
Desirable but Not Essential
- Experience working across both Lloyd’s and company market platforms.
- Background gained within insurers, MGAs, or reinsurance brokers.
- Experience with Subscribe, Senator, XLRAS, or similar market systems.
- Exposure to operational change, system implementations, or process improvement projects.
- Professional insurance or reinsurance qualifications.
About the Company
A well-established specialty insurance organisation operating within the London Market. The business has a strong reputation for technical expertise, underwriting excellence, and long-term client relationships. With continued investment in operations, technology, and talent, the company offers a collaborative environment where employees are encouraged to develop their expertise and contribute to ongoing business improvement initiatives.
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