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- Tasks: Join our team to manage reinsurance contracts and ensure timely processing.
- Company: Arch Capital Group fosters collaboration and innovation to empower clients and communities.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Be part of a culture that values progress and teamwork while making a real impact.
- Qualifications: 2+ years in a similar role, preferably within the Lloyd’s Insurance market.
- Other info: Experience with XLPro is a plus; strong communication skills are essential.
The predicted salary is between 43200 - 72000 £ per year.
With a company culture rooted in collaboration, expertise, and innovation, we aim to promote progress and inspire our clients, employees, investors, and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibilityâ„ .
Role Summary and Purpose:
The primary responsibility of this role is to work within the Ceded Reinsurance Operations Team. This role involves working closely with team members and both internal and external teams to ensure Reinsurance contracts are interpreted, entered, and serviced within the XLPro system in a timely manner. Additional responsibilities include collaborating with Brokers, Reinsurers, and Auditors to meet regulatory deadlines. You will also support continuous improvement of workflows and work with our offshore team (GSO).
Key Tasks and Responsibilities:
- Set up ceded contracts for automation in the XL Pro Reinsurance System
- Prepare and render Treaty statements, ensuring policy conditions and accounting terms are met
- Ensure timely premium payments on facultative and excess of loss purchases
- Calculate, prepare, and render XOL collections and Advice Report
- Report Ceded Reinsurance financials internally and externally
- Ensure adherence to internal controls, including Risk and SOX controls
- Assist with regulatory reporting including Lloyd’s returns, group reporting, terrorism pools
- Develop relationships with stakeholders to improve efficiency and service levels
- Liaise with Ceded Reinsurance purchasers and prepare renewal information
- Review and recommend process improvements
- Assist with Financial Reporting, Committees, Board packs, and Regulatory Returns
Role Requirements & Skills:
- Experience using XLPro is desirable but not essential
- Ability to prioritize and meet deadlines
- Strong communication skills, both written and verbal
- Self-motivated and proactive
Qualifications:
- At least 2 years’ experience in a similar role within the Lloyd’s Insurance market preferred
Experience:
- Experience with major reinsurance types: Facultative, Quota Share, Excess of Loss
- Experience in Non Marine and Marine, especially Property and Casualty
- Knowledge of Ceded Reinsurance Regulatory Returns, including SRS, QMA, and Solvency II
Senior Ceded Re Operations Analyst, employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Ceded Re Operations Analyst,
✨Tip Number 1
Familiarise yourself with the XLPro system, as it's a key tool for this role. Even if you don't have direct experience, understanding its functionalities can give you an edge during discussions.
✨Tip Number 2
Network with professionals in the Lloyd’s Insurance market. Attend industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Brush up on your knowledge of Ceded Reinsurance Regulatory Returns, especially SRS, QMA, and Solvency II. Being well-versed in these areas will demonstrate your commitment and expertise to potential employers.
✨Tip Number 4
Prepare to discuss your experience with major reinsurance types like Facultative and Excess of Loss. Be ready to share specific examples of how you've handled similar responsibilities in past roles.
We think you need these skills to ace Senior Ceded Re Operations Analyst,
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the Lloyd’s Insurance market, particularly focusing on your familiarity with ceded reinsurance and any specific roles you've held that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company culture. Mention how your skills and experiences make you a great fit for the Ceded Re Operations Team, and provide examples of how you've successfully collaborated with stakeholders in previous roles.
Highlight Relevant Skills: Emphasise your strong communication skills and ability to meet deadlines. If you have experience with XLPro or similar systems, be sure to mention it, as well as any knowledge of regulatory returns like SRS, QMA, and Solvency II.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the reinsurance industry.
How to prepare for a job interview at Arch Capital Group
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Senior Ceded Re Operations Analyst. Familiarise yourself with key tasks such as setting up ceded contracts in the XLPro system and preparing Treaty statements. This will help you demonstrate your knowledge during the interview.
✨Showcase Relevant Experience
Highlight your experience in the Lloyd’s Insurance market, especially with major reinsurance types like Facultative and Excess of Loss. Be prepared to discuss specific examples from your past roles that align with the job requirements.
✨Prepare for Technical Questions
Expect questions related to Ceded Reinsurance Regulatory Returns and internal controls. Brush up on your knowledge of SRS, QMA, and Solvency II, as well as any relevant software like XLPro, even if you haven't used it extensively.
✨Demonstrate Communication Skills
Since strong communication skills are essential for this role, practice articulating your thoughts clearly and concisely. Be ready to discuss how you've effectively collaborated with stakeholders in previous positions to improve efficiency and service levels.
