Senior Outwards Reinsurance Technician

Polo; Cheltenham; On-site; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Competitive salary

Discretionary annual bonus

Hybrid working

Private health insurance

Life assurance

Income protection

Enhanced pension contributions

Maternity and paternity pay

EV leasing scheme

Volunteer days

Job summary

Polo in Cheltenham is seeking a Senior Outwards Reinsurance Technician to support outsourced reinsurance services for PoloWorks clients. The role focuses on accurate administration, accounting and reporting of proportional, XOL and facultative reinsurance arrangements, plus onboarding and ongoing service delivery.

You will manage statements, premiums, reconciliations and client reporting, while liaising with brokers and reinsurers and supporting system implementations and UAT activities.

Qualifications

• London Market and/or Lloyd's market experience.
• Experience communicating with all levels of internal and external organisations.
• Experience of outsourced reinsurance operations.
• Knowledge of Lloyd's reporting requirements, including SRS.
• Experience supporting onboarding, operational readiness or system implementations.
• Experience participating in UAT activities.
• Exposure to reinsurance or policy administration systems.
• Attention to detail with large datasets.
• Intermediate/Advanced Excel skills.

Responsibilities

• Prepare and review reinsurance statements, accounts and recoveries.
• Process premiums, cash allocations and reinsurance transactions.
• Monitor outstanding balances, reconciliations and recoveries.
• Review treaty documentation and maintain accurate records.
• Support onboarding, UAT and implementation projects.
• Produce client reporting and attend stakeholder meetings.
• Liaise with brokers, reinsurers and internal teams to resolve queries in writing and face to face.
• Contribute to all aspects of discussing and onboarding new opportunities.
• Achieve, maintain and develop own competence.
• Supportive of the Line Manager and Reinsurance colleagues.

Skills

London Market

Lloyd's market

Communication across levels

Outsourced reinsurance operations

Lloyd's reporting (SRS)

Onboarding/operational readiness

UAT activities

Reinsurance systems

Attention to detail

Excel

Tools

Policy administration systems

Job description

Senior Outwards Reinsurance Technician

Department: Claims

Employment Type: Permanent

Location: Cheltenham

Description

To support the delivery of outsourced reinsurance services for PoloWorks clients, ensuring the accurate administration, accounting and reporting of proportional, excess of loss (XOL) and facultative reinsurance arrangements. The role also supports client onboarding, operational readiness, testing activities and ongoing service delivery.

Key Responsibilities

• Prepare and review reinsurance statements, accounts and recoveries.
• Process premiums, cash allocations and reinsurance transactions.
• Monitor outstanding balances, reconciliations and recoveries.
• Review treaty documentation and maintain accurate records.
• Support onboarding, UAT and implementation projects.
• Produce client reporting and attend stakeholder meetings.
• Liaise with brokers, reinsurers and internal teams to resolve queries in writing and face to face.
• Contribute to all aspects of discussing and onboarding new opportunities.
• Achieve, maintain and develop own competence.
• Supportive of the Line Manager and Reinsurance colleagues.

Skills, Knowledge and Expertise

• London Market and/or Lloyd's market experience.
• Experience communicating with all levels of internal and external organisations e.g. new starters to CEO / CFO level
• Experience of outsourced reinsurance operations.
• Knowledge of Lloyd's reporting requirements, including SRS.
• Experience supporting onboarding, operational readiness or system implementations.
• Experience participating in UAT activities.
• Exposure to reinsurance or policy administration systems.
• Attention to detail when handling large and sophisticated datasets.
• Intermediate / Advanced Excel skills.

Benefits

• As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
• You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.