Reinsurance Accounting Technician

Reinsurance Accounting Technician

Salary: £40,000 - £50,000 per annum

Position Type: Permanent

Location: London

Employer

Our client is a leading Lloyd's and company underwriters with excellent market reputation and a dynamic but friendly and inclusive working environment combined with a generous benefits package.

Overview

They are now looking for an experienced Reinsurance Accounting Technician to join their City of London operation.

Responsibilities

• Ensure reinsurance premium and settlement payments are made within contractual obligations.
• Liaise with both internal and external stakeholders to ensure all payments are made on time.
• Review and authorise payments, ensuring they align with transactions created in the system.
• Confirm the necessary authority has been received for reinsurance settlements per approved authorities.
• Manage all reinsurance transactions initiating settlement and receipt with third parties.
• Accurately allocate settlements/receipts to reinsurer level within databases.
• Effectively manage intercompany balances ensuring prompt transfer of funds.
• Clear unmatched balances and keep amounts to a minimum.
• Produce regular reinsurance aged debt reports showing unsettled ceded financials at Group and Entity levels by reinsurer.
• Produce weekly ceded financial summaries of unsettled due payments.
• Produce regular summary of upcoming payments for treasury's benefit to arrange available funds.
• Assist with development and testing of software tools through liaison with Business Analytics team.

Qualifications

Our client is looking for an experienced Reinsurance Accounting Technician.

Contact

Ref: BT99

Email:

Date: 3 Dec 2025

Sector: INSURANCE