Senior Reinsurance Technician

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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.
 
What sets us apart is our people. At Synpulse, we cultivate a collaborative, high-impact culture where initiative and creativity are valued. With 21 offices across Europe, the Americas, and Asia-Pacific, we bring together diverse perspectives and talents. We believe innovation thrives where everyone feels they belong and can contribute.
 
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.

The purpose of this role is to oversee and manage and help set up Synpulse’s new Centre of Excellence’s Reinsurance Accounting 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. 
 
 
Key Responsibilities:

• Responsibility for the accuracy of the client’s reinsurance contract entry and quarterly internal risk reviews.
• Ownership of the production and review of the quarterly ultimate reinsurance recoveries for the client.
• Sign off responsibility for the accuracy of key outputs prior to distribution to the wider client business.
• Represent the client’s Ceded Reinsurance function at group peer review and claims committee including ownership of queries raised by internal stakeholders where appropriate.
• Work in collaboration with client stakeholders from the finance, actuarial & ceded RI functions to investigate / resolve variances 
• Represent the client’s Ceded Reinsurance function on current and future client projects.
• Support client administration managers on complex reinsurance issues as required.
• Provide ad-hoc assistance to the client’s Administration Managers, including clearing any other peer review backlog that may exist.
• Assure new reinsurance commitments are aligned with the client’s operating model.
• Provide technical support and consultation to the client’s Ceded Reinsurance system transformation programme.
• Active involvement in ongoing development of the client’s reinsurance administration procedures and systems.
• Provide any other technical support necessary to assist the client Operations 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 to internal and external audit processes as required.
• Improve and review the quality, 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 of circa 3 Ceded Reinsurance Technicians (initially) with the possibility  for future team expansion.  
• Drive team growth through development, coaching and mentoring of team members. 

 
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 reinsurance is desired but not essential
• English  language proficiency (C1 or above)
• Experience supervising and developing others

 

Candidate Requirements
 

• Detail oriented 
• Proven ability to prioritize and organize workload effectively and work with  speed and accuracy 
• Outcome focused, self-motivated  and 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
• Knowledge of London market  reinsurance administration is a plus - ideally with a detailed  understanding of all types of reinsurance
• Provide  training and mentoring to team-members to support learning and development
• Process  transformation and control improvement experience is a plus 

Benefits

• 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

Salary starts at 2700 EUR and may vary based on your seniority level, skills, and experience.

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For more information, please visit us at www.synpulse.com