Reinsurance Technician

Your Growth Unleashed

Where your journey begins and your potential shines

At Synpulse, we don’t just consult – we transform. As a leading global management and technology consultancy with Swiss roots, we empower financial institutions to navigate change and seize new opportunities. Since 1996, we've been shaping the future of financial services by delivering cutting-edge expertise in strategy, operations, and technology to banks and insurers worldwide.

Our core values – Embrace, Drive, Achieve – shape how we work and evolve. We don’t just offer jobs – we offer the chance to develop, make an impact, and be part of a team that’s redefining the future of financial services.

This role is within Synpulse’s Centre of Excellence and is part of a new Reinsurance Operations team supporting a UK-based specialist (Re) Insurance client company. This role involves assisting with analysis, reporting, and controls to ensure effective management of reinsurance activities. It is an excellent opportunity for someone looking to further develop their skills in reinsurance accounting.

Key Responsibilities

With guidance and support, you will gradually take ownership of key operational processes:

• Support the administration of ceded reinsurance programs across:

  • Facultative

  • Proportional treaties

  • Excess of Loss contracts

• Assist in managing the credit control process, including:

  • Monitoring outstanding premium and claims balances

  • Communicating with brokers and stakeholders

  • Supporting reporting on aged debt

• Participate in recurring forums such as the Credit Control Committee

• Help maintain reinsurance data and systems:

  • Enter contract data (Facultative and  XL) into systems

  • Process and allocate transactions through the LORS platform (Lloyd’s Outward Reinsurance Scheme)

  • Investigate and resolve unmatched or outstanding items

  • Prepare statements of behalf of Ceded Ri for recurring Committee meetings

• Contribute to accounting and reporting activities:

  • Support quarterly and annual processes for proportional treaties

  • Prepare data and materials for internal committees

  • Assist with issuing payment instructions and reconciliations

• Collaborate across teams:

  • Respond to reinsurer queries

  • Work with Claims, Finance, and Operations teams

  • Work with internal controls and audit functions as required

  • Ensure claim movements are correctly ceded

• Support continuous improvement:

  • Help improve data accuracy and controls

  • Contribute ideas to enhance efficiency and processes

  • Assist with maintaining procedures and user documentation

What we offer (strong focus on support & growth)

• Structured onboarding and training in ceded reinsurance processes, exposure across multiple reinsurance structures (Facultative, Proportional, Excess of Loss)

• Ongoing mentoring and coaching from senior team members, learning from experienced reinsurance professionals in a supportive environment

• Opportunity to build expertise in London Market practices

• Support for professional qualifications (e.g. ACII)

• Exposure to modern tools, systems, and evolving processes

• A team culture that encourages learning, questions, and development

Who we are looking for

This role is ideal for candidates who are early in their career and motivated to grow:

• 2–3 years of experience in insurance/reinsurance or a similar finance role

• Bachelor’s degree in finance, accounting, economics or related field

• Basic understanding of ceded reinsurance processes (preferred, not essential)

• Strong English skills (C1+)

Your strengths

• Curious and eager to learn about reinsurance and financial processes

• Detail-oriented with strong organisational skills

• Comfortable working with data and developing analytical thinking and technical skills, adapting to current technologies

• Good communicator, able to collaborate with different stakeholders and build relationship with clients, partners, internal teams

• Proactive mindset and willingness to take initiative with support

Nice to have

• Exposure to the London Market

• Interest in or progress toward ACII or similar qualification

• Five extra vacation days on top of regulation

• Sick leave compensation 100% from day one

• 3 sick days per year

• Attractive performance bonus based on project performance up to 10%

• Cafeteria benefit system with a flexible allowance of 500 EUR per year for education, health benefits, shopping, travel, cultural activities, and sports options

• Overtime fully paid or compensated based on your preference

• A friendly and informal working environment

• Work-life balance with flexible working hours and the option to work from home (by agreement)

• Dedicated time for individual training

• MultiSport card