Senior Reinsurance Technician x2
City of London – Hybrid
Lloyd’s Broking houses
I am currently working with 2 different Lloyd’s Broking houses, who are both seeking similar experience. The roles sit in their Treaty departments, and will be a point of contact for the teams they support.
Key Responsibilities
- Manage the end-to-end technical processing of treaty business, from placement through to post-bind administration and renewal.
- Prepare, review and process treaty slips, endorsements, contracts, schedules, premiums, claims and related documentation, ensuring accuracy and compliance with agreed terms.
- Liaise closely with brokers, underwriters, clients, producing brokers and internal teams to resolve technical queries and ensure timely processing.
- Maintain accurate and up-to-date treaty records, systems and documentation, ensuring all information is captured in accordance with internal procedures and Lloyd’s requirements.
- Process and reconcile premiums, commissions, brokerage, fees and other financial transactions, investigating and resolving discrepancies where required.
- Support the preparation and processing of premium and claims bordereaux, statements of account and technical accounting information.
- Review treaty documentation against placing instructions and underwriting terms, identifying discrepancies and escalating issues appropriately.
- Coordinate endorsements and amendments throughout the life of the treaty, ensuring changes are accurately reflected across relevant systems and documentation.
- Monitor outstanding technical and accounting items, proactively following up with relevant parties to ensure timely resolution.
- Provide technical support to brokers and account executives during placement, renewal and post-bind processes.
- Work closely with Lloyd’s, carriers, MGAs, reinsurers and third-party service providers where required to facilitate smooth treaty processing.
- Assist with renewals, ensuring prior-year information, contractual changes, documentation and technical data are accurately prepared and processed.
- Ensure all activities are carried out in line with Lloyd’s market practices, regulatory requirements, company procedures and delegated authority controls, where applicable.
- Identify opportunities to improve processes, data quality and operational efficiency, contributing to the development of technical workflows and best practice.
- Support and mentor junior technicians, providing guidance on complex treaty transactions and technical processes.
- Act as a subject-matter expert on treaty technical processing, taking ownership of more complex or high-value accounts.
Experience required:
- Minimum of 3+ years in a technical reinsurance role
- Proficient in Lloyd’s systems such as IMR, LORS
- Experience processing Treaty accounts, creating slips and endorsements.
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