Reinsurance Technician

Synpulse; Pune District; On-site; INR 450,000 - 600,000; Full time

Benefits offered by this job

Flexible Work hours

Learning Opportunities

Inclusive and collaborative work kültü

Career Development

Supportive team and growth

Job summary

Synpulse seeks an early-career professional to join its Reinsurance Operations Team in Pune. The role supports analysis, reporting, and controls for ceded reinsurance programs under a UK-based client, providing a foundation in reinsurance accounting.

You will grow skills in data handling, reporting, and cross-functional collaboration with Claims, Finance, and Operations teams while building a long-term career in reinsurance operations.

Qualifications

• 2–3 years of experience in insurance/reinsurance or a similar finance role.
• Bachelor's degree in finance, accounting, economics or related field.
• Basic understanding of ceded reinsurance processes (preferred, not essential).
• Strong English skills (C1+).

Responsibilities

• Support administration of ceded reinsurance programs across Facultative, Proportional treaties and Excess of Loss contracts.
• Assist in managing credit control: monitor outstanding premium and claims balances, communicate with brokers and stakeholders, and support reporting on aged debt.
• Participate in Credit Control Committee and maintain reinsurance data in systems (enter contract data; process and allocate transactions via LORS).
• Contribute to accounting and reporting: support proportional treaties, prepare data for internal committees, issue payment instructions and reconciliations.
• Collaborate with Claims, Finance and Operations teams and respond to reinsurer queries; assist with audit controls and documentation.

Education

Bachelor's in Finance/Accounting/Economics

Tools

LORS platform

Job description

About the Role:

This role is within Synpulse s Centre of Excellence and is part of a new Reinsurance Operations Team supporting a UK-based specialist (Re) Insurance client company. This role involves assisting with analysis, reporting, and controls to ensure effective management of reinsurance activities. It is an excellent opportunity for someone looking to further develop their skills in reinsurance accounting.

We are looking for motivated early-career professionals (2-3 years of experience) who are eager to learn, grow, and build a long-term career in reinsurance accounting and operations.

Required Skills:

This role is ideal for candidates who are early in their career and motivated to grow:

• 2-3 years of experiencein insurance/reinsurance or a similar finance role
• Bachelor sdegree in finance,accounting,economics or related field
• Basic understanding of ceded reinsurance processes(preferred, not essential)
• Strong English skills (C1+)

Your strengths

• Curious and eager to learn about reinsurance and financial processes
• Detail-oriented with strong organisational skills
• Comfortable working with data and developing analytical thinkingand technical skills, adapting to current technologies
• Good communicator, able to collaborate with different stakeholdersand build relationship with clients, partners, internal teams
• Proactive mindset and willingness to take initiative with support

Nice to have

• Exposure to theLondon Market
• Interest in or progress towardACII or similar qualification

Key Responsibilities:

With guidance and support, you will gradually take ownership of key operational processes:

• Support the administration of ceded reinsurance programs across:
  • Facultative
  • Proportional treaties
  • Excess of Loss contracts
• Assist in managing the credit control process, including:
  • Monitoring outstanding premium and claims balances
  • Communicating with brokers and stakeholders
  • Supporting reporting on aged debt
• Participate in recurring forums such as the Credit Control Committee
• Help maintain reinsurance data and systems:
  • Enter contract data (Facultative and XL) into systems
  • Process and allocate transactions through the LORS platform(Lloyd s Outward Reinsurance Scheme)
    • Investigate and resolve unmatched or outstanding items
    • Prepare statements of behalf of Ceded Ri for recurring Committee meetings
  • Contribute to accounting and reporting activities:
    • Support quarterly and annual processes for proportional treaties
    • Prepare data and materials for internal committees
    • Assist with issuing payment instructions and reconciliations
  • Collaborate across teams:
    • Respond to reinsurer queries
    • Work with Claims, Finance, and Operations teams
    • Work with internal controls and audit functions as required
    • Ensure claim movements are correctly ceded
  • Support continuous improvement:
    • Help improve data accuracy and controls
    • Contribute ideas to enhance efficiency and processes
    • Assist with maintaining procedures and user documentation

• Insurance
• Career Development
• Flexible Work hours
• Learning Opportunities
• Inclusive and collaborative work culture

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