RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims. Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking. POSITION SUMMARY: The Ceded Technician is responsible for the management and administration of credit control opportunities across a variety of ceded reinsurance types – facultative, proportional and non-proportional. The purpose of this role is to act a key business partner across all underwriting lines of business and be accountable for managing trading relationships to reconcile and monitor reinsurance contracts in outwards systems and monitor settlement of reinsurance premium to broker and carrier. Responsibilities include and are not limited to, understanding reinsurance contracts in outwards systems and monitor settlement of reinsurance premium to broker and reinsurers. Identification of reinsurance recoveries within reinsurance systems and facilitate collection of funds and allocation in internal system. Consider and instigate Counterparty Management credit control opportunities. Monitor the financial performance of reinsurance contracts and escalate key issues to Ceded Reinsurance Management and Ceded Reinsurance Underwriting. This role is also responsible for supporting certain aspects of the financial accounting, internal controls, and reporting for the company. Responsible for supporting projects to enhance the efficiency and effectiveness of ceded cash and credit control requirements in an increasingly complex, global environment, including leading smaller projects or certain workstreams within larger projects. The role will have close interaction across multiple functional areas of the business to add value across relevant business areas. PRINCIPAL ACCOUNTABILITIES: Technical Processing & Reporting Ownership and accountability for credit control and counterparty management oversight of broker and reinsurers to ensure portfolio performance. Review and evaluation of contract terms to ensure due dates are captured allowing timely recovery of reinsurance balances. Manage and administer credit control opportunities across all reinsurance types purchased – facultative, proportional and non-proportional treaty. Liaise with RI Account Handlers, underwriting lines of business, claims, brokers and clients to resolve queries. Utilise broker and client meetings to drive cash collection discuss broker and client payment performance. Aged Debt analysis to ensure reduction in > 90-day debt and prevention of further debt deterioration. Portfolio analysis of reinsurer exposure, reinsurer and broker payment performance as well as program and line of business performance Delivery of team training on credit control and counterparty management practice and procedure Provide suggestions for potential write-offs and full data analysis for commutations. Lead cash pairing in SICS and analysis; prepare reinsurer cash reconciliations, monitor aging of receivables, and pursue collection of receivables / recoveries from reinsurers and settlement of payables when due, research and reconcile discrepancies and minimize unapplied cash at each quarter-end close; provide updates to Operations cash team. Proactively liaise with brokers, underwriters, and other functions, responding promptly to reinsurer, broker, and other queries Liaise with internal and external auditors. Ensure adherence to contract certainty and all processes are carried out with a high degree of quality, in a timely manner. Provide back up and support to the team across platforms when required. Ad-hoc reporting as required. Financial Performance and Analysis Provide ad hoc deal performance and analysis to underwriters throughout the renewal process, and as required throughout deal life cycle. Prepare ongoing and ad hoc ceded data analysis for other functions. Strategic Projects Support the continued enhancement and on-going development of various systems and process improvements, ensuring that all operational and financial needs are met. Assist with certain local or global projects and / or project workstreams in connection with global projects. Participate in any special projects or ad hoc tasks that may be required, internally or externally, and provide general assistance to other functional areas, as necessary. Provide ad hoc support to the VP, Manager, AVP, Assistant Manager(s), and Assistant Manager(s) EXPECTED COMPETENCIES: A university degree preferred, (emphasis on business, insurance or finance / accounting is advantageous) or comparable reinsurance experience essential. A professional designation required (such as ACII/CPCU/AIC/ARe). At least 2 to 5 years prior relevant experience (ceded reinsurance / credit control experience/knowledge advantageous). Applies strong technical skills to achieve results. Knows and meets industry standards. Prioritises responsibilities, makes effective use of time and remains flexible to changing work needs/demands. Utilises available resources to accomplish objectives and identifies issues that could potentially derail results. Clearly and concisely presents information in group settings adapting messages to the needs of the audience and effectively responds to Q&A. Regularly shares information and engages in dialogue with manager and peers. Works toward team goals and end result and contributes in ways that benefit the entire team. Consistently meets expectations excels when it matters most and responds quickly and effectively to resolve issues. Remains open to new thinking and ideas, and views situations from multiple perspectives. Experience with public companies and SOX 404 is advantageous. London specific: Lloyd’s/ London Market knowledge required or completion of the Lloyd’s and London Market Introductory test. We are an equal opportunity employer. We provide equal opportunity to all applicants and employees regardless of race, colour, religion, national origin, age, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories. Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism. We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.