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About the Role
OAK is seeking a highly motivated and technically strong Outwards Reinsurance Technical Lead to support the growth of its operational platform and build of its Lloyd’s Managing Agent – OAK Managing Agent (OMA). This role combines responsibility for the end-to-end administration, reporting and oversight of OAK's ceded reinsurance programmes with the opportunity to help build and scale the operational technology, systems and processes that will support the business's future growth. The candidate will work across multiple teams within the Capital & Risk function, Finance & Operations and Underwriting functions, playing a key role in developing OAK's Operational Reinsurance Infrastructure (ORI), improving operational efficiency through automation and the deployment of market-leading technology, and supporting the development of portfolio management and reporting capabilities. This is a unique opportunity for someone who enjoys both technical reinsurance operations and building technology-led, scalable platforms and processes within a growing business.
Responsibilities
- Administer complex ceded reinsurance treaties and facultative arrangements across proportional and non-proportional programmes.
- Interpret contract wordings and ensure accurate operational execution.
- Maintain accurate system records for all reinsurance activities.
- Process endorsements, amendments and contractual changes.
- Ensure operational workflows reflect contract terms, controls and market practice.
- Calculate and process ceded premiums, commissions, reinstatements and adjustments.
- Manage claims recoveries across proportional and non-proportional programmes.
- Oversee large and complex loss recoveries, including disputes where applicable.
- Ensure timely and accurate settlement of reinsurer balances.
- Track premiums, claims, recoverables, collateral and related cash movements.
- Support catastrophe bond and alternative risk transfer activities where applicable.
- Perform detailed reconciliations across reinsurance ledgers, systems and source data.
- Investigate and resolve discrepancies across underwriting, claims and finance data.
- Manage aged debt and outstanding balances.
- Support month-end, quarter-end and year-end close processes.
- Maintain strong financial controls, governance and audit trails.
- Ensure accurate data and reporting for internal control, audit and regulatory purposes.
- Produce, validate and review premium, risk and claims bordereaux.
- Ensure accuracy and completeness of data for reporting, regulatory and Lloyd’s market requirements.
- Support audit, compliance and Lloyd’s reporting requirements.
- Contribute to improvements in data quality, reporting processes and operational efficiency.
- Deliver portfolio, operational and performance reporting to internal stakeholders.
- Help lead the operational build-out of OAK’s ORI capabilities within the Managing Agent platform.
- Work with the relevant OAK teams to design scalable processes, workflows and controls.
- Support the development of proprietary systems for ceded reinsurance, ORI and broader portfolio management tools.
- Define business requirements and act as a key business stakeholder in system design, testing, implementation and adoption.
- Help reduce manual processes through automation and improved data workflows.
- Support the development of tools that enable improved exposure management, capital allocation, portfolio analytics and investor reporting.
Requirements
- Lloyd’s and/or London Market operations and processes.
- Treaty and facultative reinsurance operations and management, including proportional and non-proportional structures.
- Ceded reinsurance accounting, recoveries and settlement processes.
- Claims recovery lifecycle and large loss management.
- Bordereaux production, validation and analysis.
- Reinsurance system development; process, workflows, technology and operational controls.
- Financial controls, reconciliation principles and audit requirements.
- Exposure management, portfolio reporting and analytics.
- Catastrophe bonds, ILS or alternative capital structures would be advantageous.
- Strong analytical and numerical skills.
- Advanced reconciliation and problem-solving abilities.
- High attention to detail and data accuracy.
- Ability to interpret complex contract wordings.
- Strong Excel and data handling skills.
- Effective stakeholder communication and relationship management.
- Ability to manage multiple priorities under pressure.
- Strong ownership, accountability and delivery focus.
- Process improvement and systems development mindset.
- Ability to operate across both technical execution and strategic build-out.
Skills
- Excel
- Data handling
- Stakeholder communication
- Relationship management
- Process improvement
- Systems development
Location
- London
Work Type
- Full-time
Experience Level
- Technical Lead
About the Company
- OAK is seeking to support the growth of its operational platform and build of its Lloyd’s Managing Agent – OAK Managing Agent (OMA).