Senior Reinsurance Technician

Synpulse; Maharashtra; On-site; INR 1,800,000 - 3,000,000; Full time

Benefits offered by this job

Insurance

Career Development

Flexible Work hours

Learning Opportunities

Inclusive and collaborative work-cultu

Job summary

Synpulse is building a new Centre of Excellence for Reinsurance Operations to support a UK-based specialist (Re)insurance client. The role oversees setup, performance reviews and control mechanisms across the reinsurance function.

You will provide training, mentorship and process transformation to improve efficiency and accuracy while maintaining strong client relationships and timely deliverables.

Qualifications

• Finance or Economics degree; progress towards accountancy or audit qualification is a plus.
• 5+ years of relevant experience in an insurance/reinsurance company.
• English language proficiency (C1 or above).
• Experience supervising and developing others.

Responsibilities

• Ensure accuracy of the client’s reinsurance contract entry and quarterly risk reviews.
• Own production and review of quarterly ultimate reinsurance recoveries for the client.
• Sign off on key outputs before distribution to the client business.
• Represent the ceded reinsurance function in group reviews and claims committees.
• Collaborate with finance, actuarial and ceded RI teams to investigate variances.
• Support complex reinsurance issues for client administration managers.
• Lead and mentor team members; drive process improvements and controls.

Skills

Detail oriented

Prioritization

Organizational skills

Speed and accuracy

Reinsurance knowledge

Communication skills

Team mentoring

Industry trends

Technical/analytic skills

Education

Finance or Economics degree

Accountancy or audit qualification (preferred)

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 ofkey 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 assist theclientOperations 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