Reinsurance Technician

Back to job search

Reinsurance Technician

  • Location:

    London

  • Contact:

    Godwin Sosi

  • Contact email:

    godwin.sosi@equitycity.co.uk

  • Job ref:

    673

  • Published:

    13 days ago

  • Expiry date:

    2025-09-14

Job Title: Reinsurance Technician
Location: London
Salary Range: Competitive
Reporting to: Deputy Reinsurance Manager
Type: Permanent / Hybrid

Overview:
A hands-on ceded reinsurance role supporting the delivery of the reinsurance strategy. You’ll own elements of the outward reinsurance subledger, support settlements and recoveries, and produce accurate, timely MI and regulatory/Lloyd’s reporting. Ideal for a detail-driven operator who enjoys partnering with underwriting, finance and actuarial teams in a fast-paced, regulated environment.

Key Responsibilities:

  • Assist with ceded premiums, commissions, profit commissions, recoveries and broker rebates across all business units.
  • Maintain the outward reinsurance subledger; perform credit control and counterparty balance reporting.
  • Execute settlements and support LORS/market processes; administer contracts and documentation.
  • Manage bordereaux and EPI monitoring; resolve data and processing queries.
  • Produce MI/KPIs and quarterly reporting; support SRS/populations and close processes.
  • Prepare reinsurer reports (e.g., quota share statements, premium adjustments, collateral monitoring).
  • Coordinate and follow up on audit plans for coverholders/service companies/DCAs.
  • Support reinsurance security reviews and quarterly reserve reviews with actuarial.
  • Aid cash application/reconciliations with Finance and contribute to process improvement and automation.
  • Maintain process checklists; support internal/external audits and compliance requirements.
  • Build effective relationships with brokers and internal stakeholders.

What We’re Looking For:

  • Strong attention to detail with advanced Excel and solid Microsoft suite skills.
  • Experience with outward reinsurance systems and ledger management (e.g., XL Pro/LORS or similar).
  • Data-oriented mindset; able to manage multiple priorities and deadlines.
  • Clear communicator with organised, proactive approach and sound commercial awareness.

Desirable but Not Essential:

  • 2+ years’ London Market insurance experience, ideally in outward reinsurance/operations.
  • Exposure to Lloyd’s reporting/returns and credit control processes.
  • Progress toward CII or equivalent professional qualifications.

About the Company:
A well-established Lloyd’s market insurer known for technical strength and collaborative culture. The business is investing in data, operational excellence and talent to support its next phase of growth, offering a hybrid model and strong cross-functional exposure.