Senior Reinsurance Operations Lead

Chaucer Underwriting Services Limited; Greater London; On-site; GBP 75,000 - 110,000; Full time

Job summary

Chaucer Underwriting Services Limited in London seeks a senior technical administrator to oversee outwards reinsurance for Lloyd’s Syndicate 1084 and Chaucer Insurance. You will administer complex contracts, support reporting, and collaborate with internal teams, brokers, reinsurers and auditors.

Key duties include calculating premiums and adjustments, managing recoveries, ensuring month-end close, producing bordereaux and MI, and coaching technicians to raise technical capability across the

Qualifications

• Substantial outwards reinsurance operations experience.
• Expertise in Lloyd’s market operations and contract administration.
• Ability to interpret complex reinsurance contracts and resolve issues.

Responsibilities

• Administer complex outwards reinsurance contracts across excess of loss, proportional and facultative accounts.
• Calculate, issue and monitor reinsurance collection notes per terms.
• Complete premium adjustments, profit commission, NCB and other calculations.
• Manage collection and payment of recoveries and premium; address aged debt.
• Ensure month-end/quarter-end close, Lloyd’s reporting, audits and controls.

Skills

Reinsurance operations

Lloyd’s market rules

Contract administration

Excel proficiency

Attention to detail

Cross-team collaboration

Education

GCSE English & Maths

3 A-Levels

CII qualification (Desirable)

Tools

XL Pro

MS Office

LORS

Job description

Chaucer Underwriting Services Limited in London seeks a senior technical administrator to oversee outwards reinsurance for Lloyd’s Syndicate 1084 and Chaucer Insurance. You will administer complex contracts, support reporting, and collaborate with internal teams, brokers, reinsurers and auditors.

Key duties include calculating premiums and adjustments, managing recoveries, ensuring month-end close, producing bordereaux and MI, and coaching technicians to raise technical capability across the