Synpulse
Website:
synpulse.com
Job details:
Job Description
About the Role:
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.
We are looking for motivated early-career professionals (2–3 years of experience) who are eager to learn, grow, and build a long-term career in reinsurance accounting and operations.
Job Requirements
Required Skills:
This role is ideal for candidates who are early in their career and motivated to grow:
- 2–3 years of experiencein insurance/reinsurance or a similar finance role
- Bachelor’sdegree in finance,accounting,economics or related field
- Basic understanding ofceded 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 thinkingand technical skills, adapting to current technologies
- Good communicator, able to collaborate with different stakeholdersand build relationship with clients, partners, internal teams
- Proactive mindset and willingness to take initiative with support
Nice to have
- Exposure to theLondon Market
- Interest in or progress towardACII or similar qualification
Job Responsibilities
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 thecredit 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 theCredit Control Committee
- Help maintain reinsurance data and systems:
- Enter contract data (Facultative and XL) into systems
- Process and allocate transactions through theLORS 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
Job Benefits
Insurance
Career Development
Flexible Work hours
Learning Opportunities
Inclusive and collaborative work culture
Click on Apply to know more.
