Outwards Reinsurance Technician

TL;DR

Outwards Reinsurance Technician: Managing reinsurance processes, recoveries, and accruals for the group with an accent on facultative, excess of loss, and pro rata calculations. Focus on meeting quarter-end deadlines, processing cover notes, and collaborating with underwriters and brokers to ensure accurate financial reporting.

Location: Must be based in or able to commute to Colchester, UK (Hybrid role).

Company

hirify.global is an international specialist insurer known for its selective approach, expertise, and a culture that encourages challenging conventions.

What you will do

• Perform group reinsurance calculations including facultative, excess of loss, and pro rata.
• Manage cover note processing and premium payments.
• Calculate premium adjustments, profit commissions, and sliding scale adjustments.
• Prepare internal and external reports.
• Liaise with reinsurance purchase, underwriters, MI, claims teams, and external brokers.
• Assist with ongoing system developments.

Requirements

• Proven experience in Outwards Reinsurance.
• Strong attention to detail and ability to manage own workloads.
• Proficiency in IT skills, specifically Excel.
• Ability to work effectively within a team environment.
• Must be based in or able to commute to Colchester, UK.

Nice to have

• ACII qualifications.
• Experience dealing with all types of reinsurance.

Culture & Benefits

• Hybrid working model allowing for a balance between office structure and flexibility.
• Supportive, close-knit team environment.
• Commitment to diversity and an inclusive workplace culture.
• Opportunity to work in a long-standing, ambitious international business.