Ceded Technician

About the company

We are recruiting for a Ceded Technician on behalf of one of the largest and highly regarded reinsurers in the world.

Your tasks

The successful candidate will manage post-bind activities across external and internal reinsurance portfolios, ensuring contractual compliance and accurate processing. The role also supports financial reporting, internal controls and process improvements.

• Setting up ceded reinsurance contracts and collateral trust agreements in REMS and SICS.
• Reviewing and processing ceded transactions, ensuring contract terms are complete and accurate.
• Monitoring large catastrophe-related movements and understanding their impact on the ceded portfolio.
• Supporting monthly and quarterly closes, ensuring SOX 404 processes and internal controls are followed.
• Processing and reconciling ceded accruals and recoveries, ensuring accurate transactions, reporting and financial disclosures.
• Preparing and analysing ceded proportional bordereaux and claims recovery notifications, as well as investigating variances and liaising with underwriters, brokers and reinsurers.
• Managing collateral requirements, including amendments, withdrawals and releases, processing and reconciling in SICS.
• Reconciling reinsurer cash, monitoring overdue receivables, pursuing recoveries, settling payables and resolving discrepancies.
• Responding promptly to queries from reinsurers, brokers and internal stakeholders.
• Liaising with internal and external auditors.
• Supporting the development and documentation of processes, controls, systems and solutions.
• Providing underwriting support at the Lloyd’s box.

Requirements

Key Requirements

• A university degree is preferred. Emphasis on business, insurance or finance / accounting is advantages or comparable reinsurance experience.
• A professional designation is preferred (such as ACII/CPCU/AIC/ARe).
• At least 2 to 5 years prior relevant experience.
• Knows and meets industry standards.
• Experience with public companies and SOX 404 is advantageous.
• Working knowledge of SICS and REMS is preferred.
• Lloyd’s/ London Market knowledge or completion of the Lloyd’s and London Market Introductory test.