Our client, a City based insurance company, have a new opening for a Ceded Reinsurance Technician. It will involve handling all aspects of reinsurance including Proportional/Non Proportional Treaty, Facultative and Excess of Loss business.
Applicants should have prior Reinsurance Technician experience, either within an Insurer, Lloyd's Syndicate or Lloyd's Broker. This will be a hybrid role, and they will provide support with professional qualifications.
Duties and Responsibilities
Account preparation and analysis for all ceded types.
Assist with the cash entry and application process for all ceded types.
Assist with the calculation and booking of premiums and claims recoveries for Excess of Loss, Facultative and Quota Share covers within core systems.
Prepare and maintain proportional treaty statement aging schedules for internal reporting and tracking of overdue accounts.
Liaise with cash analysts, underwriting departments, Claims department, brokers and clients to resolve queries.
Ensure high quality data and contract set up within the reinsurance systems.
Assist with the ceded Aged Debt and Unallocated Cash Analysis.
Utilisation of technology to maximise efficiency of the ceded reinsurance department.
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