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Senior Reinsurance Technician

Company: Harry Sullivan
Job Ref: 1212/HS
Start Date: ASAP
Hours: Full Time
Location: London, England
Working Term: Permanent Position
Salary: Up to £45,000


Job Title: Senior Reinsurance Technician

Location: London

Main Responsibilities:

Facultative, Quota Share & Excess of Loss Reinsurance

Identification of losses and or circumstances notified under risks having reinsurance protection where such loss exceeds or potentially exceeds any contractual reporting threshold.

Review of losses and or circumstances against the terms and conditions of the reinsurance contract.

Preparation of all billing and reserve notifications to brokers and reinsurers.

Ensure compliance to any contractual reporting triggers.

For Excess of Loss, Calculation of any reinstatement cost.

Ensure compliance to any contractual reporting triggers.


Assist with the implementation of new Ceded Reinsurance systems through the project phases.

Ensure adherence to internal controls, including Risk and SOX controls.

Review and enhancement of current provision of data necessary for both internal and external reporting.

Work closely with claims handlers and provide gross/net scenarios as may be required.

Maintain a query log database detailing all queried losses to monitor and resolve any reinsurer queries in relation to notified losses.

Relationship management of brokers, to ensure the account is managed efficiently.

Assist with the review of current procedures and recommend enhancements to improve the processes.

Peer review Ceded Reinsurance record entry into source systems.


Extensive experience in all classes of reinsurance.

Experience of Regulatory Returns, including SRP, Terrorism Pools, QMA, Solvency II & TOM.

Understanding of the full end to end Reinsurance process from Placement through to Credit Control and Reporting.

Strong IT skills with an intermediate/advanced level of Microsoft Excel, Word and PowerPoint.

Good communication skills, both written and verbal.


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