Ceded Reinsurance Technician

AXA UK; London; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

AXA UK is seeking a Senior Reinsurance Technician to join the Global Operations Team in London, focusing on managing reinsurance contracts and ensuring compliance with internal governance. The role offers a hybrid work schedule, allows for collaboration with cross-functional teams, and contributes to maintaining strong relationships with brokers and reinsurers.

Benefits

Flexible work arrangements

Generous tuition/continuing education reimbursement

Mentoring opportunities

Qualifications

• Proven experience in reinsurance is essential.
• Experience with XL Pro and knowledge of LORS is advantageous.

Responsibilities

• Recording and managing reinsurance contracts in the Ceded Reinsurance Accounting System.
• Preparing and delivering ceded accounts and addressing queries from brokers.

Skills

Lloyds and London Market experience

Strong written and verbal communication skills

Microsoft Excel skills

Education

Proven experience in a Ceded Reinsurance Technician or Reinsurance Broker Technician role

Tools

XL Pro

LORS

Job description

About Everest:

Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:

The Everest Ceded Reinsurance Team are looking for an experienced and enthusiastic Senior Reinsurance Technician to join the Global Operations Team. You will be working closely with our internal stakeholders, including the Ceded Re Placing Team, Ceded Re Accounting, Underwriters, Claims and Actuaries to ensure our reinsurance contracts are accurately recorded, billed efficiently and internal reporting and governance requirements are adhered to. You will also build and maintain strong communication channels and relationships with Brokers and Reinsurers, supporting Everest’s position as a leading global insurance and reinsurance provider.

This position will be based in our London office with a hybrid schedule that has the option of working two days remotely each week.

Role & Responsibilities (include but not limited to):

• Recording reinsurance contracts in the Ceded Reinsurance Accounting System (XL Pro). To include both treaty and facultative placements, on a proportional and non-proportional basis.
• Timely and accurate preparation and delivery of ceded accounts with appropriate supporting documentation, including:
• Co-ordinating the settlement of Deposit Premiums across multi-entity ceding treaties.
• Calculation and administration of Adjustment Premiums and Profit Commissions.
• With support from our Global Ceded Claims Specialist, issuing Cash Calls, billing XOL claim recoveries and calculating Reinstatement Premiums.
• Addressing Broker and Reinsurer queries on ceded accounts as they arise.
• Providing assistance to internal stakeholders to address any coverage queries.
• Assisting in the resolution of overdue balances.
• LORS activities on behalf of the Syndicate.

Qualifications:

• Proven experience in a Ceded Reinsurance Technician or Reinsurance Broker Technician role.

Knowledge, Skills & Competencies:

• Lloyds and London Market experience essential.
• Strong written and verbal communication skills.
• Intermediate to advanced Microsoft Excel skills.
• XL Pro experience highly desirable.
• LORS experience desirable.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickhereto learn more about our culture.

• Our Valuesare the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
• Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickhereto learn more about our culture.

• Our Valuesare the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.