About us
Avencia Consulting are partnered with a leading Bespoke & Speciality Reinsurer based in the City who are hiring for a Senior Ceded Reinsurance Technician on a permanent basis.
The role
This role will be an essential part of the Ceded Reinsurance Operations team, reporting to the Ceded Reinsurance Technical Operations Manager. The Senior Ceded Reinsurance Technician's role is to support the Ceded Reinsurance Technical Operations Manager in delivering timely and accurate post-placement administration of the group's Ceded reinsurance program.
The incumbent is expected to possess a good level of systems and data knowledge and a strong understanding of technical Ceded RI concepts, allowing them to proactively contribute to both the day-to-day running of the Ceded RI program and Ceded RI project activity.
Key accountabilities
Administer reinsurance contracts to ensure the Group complies with all contractual obligations, to include the calculation and processing of M&D premiums, premium adjustments, quota share statements and bordereaux, profit commissions and NCB's
Ensuring all ceded reinsurance contracts are accurately recorded in the policy admin system
Administer payment requests and credit control recoveries balances
Calculate and process facultative and excess of loss reinsurance recoveries
Assist with the peer review of certa...