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Open nowPosted 76 days ago

Senior Reinsurance Technician

Synpulse105 open roles

Where
Pune, India
Work mode
Hybrid
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Your applicationOpen nowSenior Reinsurance TechnicianSynpulse · Pune, India

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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market. Synpulse postings stay open a median of 1 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 58.1%60 days
This job: posted 76 days ago

Synpulse median: 1 days open

The posting

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 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, accuracy and 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

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