Arch

Ceded Reinsurance Analyst

Entity Arch Europe Insurance Services Ltd
Job Locations UK-London
Job ID
2020-3627
Business Segment
Insurance
# of Openings
1
Category
Ceded Reinsurance

The Position

Arch are currently recruiting for a Ceded Re Insurance Technican to join our London team. This candidate will support Ceded Reinsurance function including preparation of financial bookings, account statements and various Regulatory Returns. 

 

Job Responsibilities

- Ceded calculations for facultative, XOL and quota share premium and claims for financial bookings (month end/quarter end/year end)
- Rendering all XOL deposits and premium adjustments in accordance with contractual terms
- Maintaining accrual process for XOL premium adjustments
- Rendering all QS periodic statements in accordance with contractual terms
- Credit control and ensuring the correct application of clash
- Monitoring aging debt of receivables on a monthly basis
- Ensure all ceded claims are reported in line with contractual terms and action any reinsurer queries
- Monitor reinsurance recoverable balance on a quarterly basis
- Preparation of any regulatory reporting including Lloyd’s returns, group reporting, terrorism pools

Required Skills/Experience


- Strong experience in ceded reinsurance accounting/operations
- Ability to meet financial and contractual reporting deadlines
- Detail oriented
- Strong excel/access skills

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