Senior Ceded Re Technician

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential.

Our work is the catalyst that helps others achieve their goals.

In short, We Enable Possibility℠.

The primary responsibility of this role is to work within the Ceded Reinsurance Operations Team.

This role will be working closely with other team members and internal/external teams to ensure Reinsurance contracts are interpreted, entered and serviced within the XLPro system in a timely fashion.

Additional responsibilities will include working with Brokers, Reinsurers and Auditors, to meet regulatory deadlines.

You will be required assist your team members in to continually improve the current ways of working and provide support to ensure the team meets it’s goals in a positive way.

You will also be expected to work with and support our offshore team (GSP).

• Set up and then manage ceded placement and accounting files.
• Record ceded cover details in IRIS and the Reinsurance System.
• Proportional Reinsurance - Prepare and render Quota Share account statements, and ensure policy conditions and accounting terms are met.
• Ensure premium payments are made in a timely manner on facultative and excess of loss purchases, in line with terms of trade.
• Reporting of Ceded Reinsurance Premiums and Claims figures, both internally and externally.
• Recording of ceded reinsurance programmes in corporate underwriting and reinsurance
• Assist with the implementation of a new Ceded Reinsurance system through the project phases. Including liaison with Finance for General Ledger reconciliations.
• Ensure adherence to internal controls, including Risk and SOX controls.