Senior Reinsurance Technician

Synpulse; Pune District; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Synpulse in Pune, India is seeking to oversee and help set up a new Centre of Excellence Reinsurance Operations Team for a UK-based client. The role provides comprehensive review, analysis, reporting and control to support the client s reinsurance activities.

Candidates should have 5+ years in insurance/reinsurance, a Finance or Economics degree, strong communication, and leadership skills; ceded reinsurance experience is a plus.

Qualifications

• 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 reinsurance is desired but not essential
• English language proficiency (C1 or above)
• Experiences supervising and developing others

Responsibilities

• Responsibility for the accuracy of the client s reinsurance contract entry and quarterly internal risk reviews.
• Ownership of the production and review of the quarterly ultimate reinsurance recoveries for the client.
• Sign off responsibility for the accuracy of key outputs prior to distribution to the wider client business.
• Represent the client s Ceded Reinsurance function at group peer review and claims committee including ownership of queries raised by internal stakeholders where appropriate.
• Work in collaboration with client stakeholders from the finance, actuarial ceded RI functions to investigate/resolve variances
• Represent the client s Ceded Reinsurance function on current and future client projects.
• Support client administration managers on complex reinsurance issues as required.

Skills

Detail oriented

Prioritize and organize

Meet deadlines

Reinsurance knowledge

Communication skills

Client relationship building

Education

Finance or Economics degree

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 is required to provide comprehensive review, analysis, reporting and control to support the client s business in all reinsurance aspects.

Required Skills:

• Detail oriented
• Proven ability toprioritizeand organizeworkloadeffectively and work 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, controls and 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 analytic expertise that can be adapted to current technologies
• 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

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 Reinsurance function on current and future client projects.
• Supportclient administration managers on complex reinsurance issues as required.