Job Description

Job Type:
Permanent
Build a brilliant future with Hiscox

Position: Reinsurance Operations Technician
Reporting to: Senior Reinsurance Financial Reporting and Controls Manager
Location: Colchester
Band: I
Type: Permanent
Do you thrive in a fast-paced environment and enjoy solving problems? We are looking for a Reinsurance Financial Reporting and Controls Manager who strives to improve everything they do and has the courage to challenge the status quo.
This is an exciting time to join the team and be part of shaping the future to ensure Hiscox Group Finance is set up to help deliver the next phase of growth in the business. We take a lot of pride in what we do at Hiscox and our sights are always set on achieving the best. If you are the same, this role could be a good match.
You will focus on supporting the operational execution of inwards reinsurance for the Group's Internal Reinsurance Vehicle, including proportional reinsurance treaties, ensuring accurate processing, reconciliation, and reporting of ceded premiums, commissions, and claims. This role is critical in maintaining data integrity, supporting internal and external audits, and enabling effective risk transfer and capital optimization.
Key Responsibilities:Process and maintain proportional treaty data including quota share and surplus lines. Track and reconcile ceding premiums, commissions (ceding, profit), and claims recoveries. Monitor treaty terms and ensure compliance with contractual obligations. Prepare monthly and quarterly aged debt reports Maintain accurate records in reinsurance systems and ensure alignment with general ledger. Support internal controls and documentation for audit compliance. Liaise with underwriting, claims, actuarial, and finance teams to ensure smooth treaty execution. Liaise with the Group Outwards Reinsurance Operations team. Coordinate with brokers and reinsurers on data submissions and queries. Identify process inefficiencies and contribute to automation and system enhancement initiatives. Support the implementation of new treaties and onboarding of new programs

Skills/ Qualifications/ Experience require:2-4 years of experience in reinsurance operations, preferably with exposure to proportional treaties. Strong understanding of reinsurance concepts: quota share, ceding commission, profit commission, earned vs. written premium. Proficiency in Excel and experience with reinsurance systems (e.g., SAP, SICS, or equivalent). Analytical mindset with attention to detail and a commitment to data accuracy. Excellent communication and interpersonal skills. Ability to constructively challenge and analyse results Hands on approach and a keen eye for detail Strong control mindset and experience Good problem solving skills Enthusiastic, curious with a 'can-do' attitude

Reporting Relationships/ Interactions:Reports to the Senior Reinsurance Financial Reporting and Controls Manager Maintain constructive and supportive professional relationships with both internal and external stakeholders including the Re & ILS BU operations team, external auditors, Reinsurance Purchase Team, Re & ILS and Group Finance teams, and Reserving.

Flexible working at Hiscox:Working life doesn't always have to be 'nine to five' and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.
Work with amazing people and be part of a unique culture