Location: London (hybrid working)
Salary Range: Competitive (dependent on experience)
Reporting to:
Outwards Reinsurance Manager / Reinsurance Operations Lead
Type:
Fixed-term contract (9 months) / Hybrid
Overview:
This role supports the effective administration of outwards reinsurance recoveries across excess of loss, proportional and facultative programmes. You will play a key part in ensuring timely and accurate processing of reinsurance transactions, managing aged debt, producing bordereaux and MI, and responding to broker and reinsurer queries. The position is well suited to someone detail-oriented who enjoys working in a fast-paced, deadline-driven environment with strong exposure to London Market reinsurance operations.
Key Responsibilities:
- Administer reinsurance recoveries across excess of loss, proportional and facultative accounts.
- Calculate, issue, and monitor reinsurance collection notes in line with contract terms.
- Complete premium adjustments, profit commission and NCB calculations.
- Manage collection and payment of recoveries and premiums, including aged debt oversight.
- Support month-end / quarter-end close activity to required deadlines.
- Produce risk and claims bordereaux to support reinsurance accounts.
- Prepare and compile information for renewal presentations.
- Respond to broker and reinsurer queries promptly and accurately.
- Maintain cover note administration and record reinsurance data in internal systems.
- Review and quality-check work completed by an outsourced service provider.
- Produce management information and support reporting requirements.
- Undertake additional duties as required to support the wider function.
- Experience in outwards reinsurance processing and recoveries within the London Market.
- Working knowledge of reinsurance classes including XoL, proportional and facultative.
- Strong numerical accuracy and attention to detail, with confidence working to deadlines.
- Experience producing bordereaux and reconciling reinsurance balances / aged debt.
- Confident communicator able to liaise with brokers, reinsurers and internal stakeholders.
- Good working knowledge of MS Excel and standard reinsurance administration systems/tools.
- Experience overseeing or reviewing work delivered by an offshore/outsourced partner.
- Exposure to month-end / quarter-end close processes within reinsurance operations.
- Experience supporting renewal submissions and presentation packs.
A well-established specialty insurance business operating in the London Market, recognised for its technical underwriting capability and strong reinsurance framework. The organisation is known for its collaborative culture and focus on operational excellence, investing in process improvement, data quality, and scalable delivery to support continued growth.