Senior Reinsurance Technician

The purpose of this role is to oversee and manage and help set up Synpulse’s new Centre of Excellence’s Reinsurance Operations Team which we are building to support a UK based specialist (Re) Insurance client company. The role is required to provide comprehensive review, analysis, reporting and control to support the client’s business in all reinsurance aspects.

Key Responsibilities: Responsibility for theaccuracy ofthe client’sreinsurance contract entryandquarterly internal risk reviews.

Ownership ofthe production and review of the quarterly ultimate reinsurance recoveries for theclient.

Sign off responsibility for theaccuracy ofkey outputs prior to distribution to the widerclientbusiness.

Representthe client’sCeded Reinsurancefunctionat group peer review and claims committeeincluding ownership ofqueriesraised by internal stakeholders where appropriate.

Work in collaboration withclient stakeholders from thefinance, actuarial & ceded RIfunctionsto investigate/ resolvevariances

Represent theclient’sCeded Reinsurancefunction on current and future client projects.

Supportclient administration managers on complex reinsurance issues as required.

Provide ad-hocassistanceto theclient’sAdministrationManagers,includingclearing any other peer review backlog that may exist.

Assurenew reinsurancecommitmentsarealigned with the client’soperating model.

Providetechnical support and consultation to theclient’sCeded Reinsurance system transformationprogramme.

Active involvement inongoingdevelopment of theclient’s reinsurance administration procedures and systems.

Provide any other technical support necessary to assist theclientOperations Manager with the successful delivery of the Ceded Reinsurance strategy.

Lead monthly internal team credit control meetings, determine actions required for older unsettled accounts.

Provide technical support tointernaland external auditprocessesas required.

Improve and review thequality, accuracy and timeliness of the controls in place to support close processes.

Drive improvements in efficiency and control leading to increased accuracy more timely processing.

Management ofcirca3CededReinsuranceTecnicians(initially)with the possibility for future team expansion.

Drive team growth throughdevelopment,coachingand mentoring of team members.

Required Skills:

Detail oriented

Proven ability toprioritizeand organizeworkloadeffectively and work with speed and accuracy

Outcome focused,self-motivatedand able to meet deadlines

A strong working knowledge of reinsurance including underwriting, claims, accounting, finance and associated processes, controls and systems (relevant experience in a Reinsurer/Broker would be a plus)

Ability to work flexibly to complete duties of the role, particularly during peak periods

Working knowledge of relevant trends and information within the insurance industry

Technical and/or analytic expertise that can be adapted to current technologies

Experience supporting work allocation and working to SLAs/ deadlines

Excellent communication and interpersonal skills, with the ability to build strong relationships with clients, partners and internal teams

Knowledgeof London market reinsurance administrationis a plus - ideallywith a detailed understanding of all types of reinsurance

Provide trainingand mentoring to team-members to supportlearning and development

Process transformation and control improvement experience is a plus

Qualifications and Experience

Finance or Economics degree(progress towards an accountancy or audit professional qualification is considered a plus)

5+ years of relevant experience in an insurance/reinsurance company

Experience in ceded reinsuranceis desired but not essential

English language proficiency (C1 or above)

Experiencesupervisingand developingothers

Insurance Career Development

Flexible Work hours

Learning Opportunities

Inclusive and collaborative work culture