Senior Reinsurance Technician

Synpulse8; Maharashtra; On-site; INR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Insurance

Career development

Flexible hours

Learning opportunities

Inclusive culture

Job summary

Synpulse8 is building a new Centre of Excellence for Reinsurance Operations to support a UK-based specialist client. The role oversees setup, review, analysis, reporting and control across all reinsurance aspects.

You will lead a small team, manage quarterly reviews, ensure contract-entry accuracy, coordinate with finance, actuarial and claims teams, and drive process improvements while mentoring staff.

Qualifications

• Must-have: strong detail orientation and accuracy in reinsurance tasks.
• Experience with reinsurance administration, including underwriting, claims, accounting and related processes.
• Excellent communication and ability to work with clients and internal teams.

Responsibilities

• Ensure accuracy of client’s reinsurance contract entries and quarterly risk reviews.
• Own production and review of quarterly ultimate reinsurance recoveries for the client.
• Sign off outputs before distribution to client business.

Skills

Detail oriented

Prioritize and organize workload

Meet deadlines

Reinsurance knowledge

Flexibility during peak periods

Insurance industry trends

Technical/analytic expertise

Experience with SLAs

Communication skills

London market reinsurance knowledge

Education

Finance or Economics degree

5+ years reinsurance experience

Job description

About the Role:

The purpose of this role is to oversee and manage and help set up Synpulse’s new Centre of Excellence’s Reinsurance Operations Team which we are building to support a UK based specialist (Re) Insurance client company. The role isrequiredto provide comprehensive review, analysis,reportingand control to support the client’s business in all reinsurance aspects.

Job Description

About the Role:

The purpose of this role is to oversee and manage and help set up Synpulse’s new Centre of Excellence’s Reinsurance Operations Team which we are building to support a UK based specialist (Re) Insurance client company. The role isrequiredto provide comprehensive review, analysis,reportingand control to support the client’s business in all reinsurance aspects.

Job Requirements

Required Skills:

• Detail oriented
• Proven ability toprioritizeand organizeworkloadeffectively andwork with speed and accuracy
• Outcome focused,self-motivatedand able to meet deadlines
• A strong working knowledge of reinsurance including underwriting, claims, accounting, finance and associated processes,controlsand systems (relevant experience in a Reinsurer/Broker would be a plus)
• Ability to work flexibly to complete duties of the role, particularly during peak periods
• Working knowledge of relevant trends and information within the insurance industry

• Technical and/or analyticexpertisethat can be adapted to currenttechnologies
• Experience supporting work allocation and working to SLAs/ deadlines
• Excellent communication and interpersonal skills, with the ability to build strong relationships with clients, partners and internal teams
• Knowledgeof London market reinsurance administrationis a plus - ideallywith a detailed understanding of all types of reinsurance
• Provide trainingand mentoring to team-members to supportlearning and development
• Process transformation and control improvement experience is a plus

Qualifications and Experience

• Finance or Economics degree(progress towards an accountancy or audit professional qualification is considered a plus)
• 5+ years of relevant experience in an insurance/reinsurance company
• Experience in ceded reinsuranceis desired but not essential
• English language proficiency (C1 or above)
• Experiencesupervisingand developingothers

Job Responsibilities

Key Responsibilities:

• Responsibility for theaccuracy ofthe client’sreinsurance contract entryandquarterly internal risk reviews.
• Ownership ofthe production and review of the quarterly ultimate reinsurance recoveries for theclient.
• Sign off responsibility for theaccuracy of key outputs prior to distribution to the widerclientbusiness.
• Representthe client’sCeded Reinsurancefunctionat group peer review and claims committeeincluding ownership ofqueriesraised by internal stakeholders where appropriate.
• Work in collaboration withclient stakeholders from thefinance, actuarial & ceded RIfunctionsto investigate/ resolvevariances
• Represent theclient’sCeded Reinsurancefunction on current and future client projects.
• Supportclient administration managers on complex reinsurance issues as required.
• Provide ad-hocassistanceto theclient’sAdministrationManagers,includingclearing any other peer review backlog that may exist.
• Assurenew reinsurancecommitmentsarealigned with the client’soperating model.
• Providetechnical support and consultation to theclient’sCeded Reinsurance system transformationprogramme.
• Active involvement inongoingdevelopment of theclient’s reinsurance administration procedures and systems.
• Provide any other technical support necessary to assisttheclientOperations Manager with the successful delivery of the Ceded Reinsurance strategy.
• Lead monthly internal team credit control meetings, determine actions required for older unsettled accounts.
• Provide technical support tointernaland external auditprocessesas required.
• Improve and review thequality, accuracyand timeliness of the controls in place to support close processes.
• Drive improvements in efficiency and control leading to increased accuracy more timely processing.
• Management ofcirca3CededReinsuranceTecnicians(initially)with the possibility for future team expansion.
• Drive team growth throughdevelopment,coachingand mentoring of team members.

Job Benefits

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