At a Glance
- Tasks: Manage ceded reinsurance operations and provide strategic insights for improvement.
- Company: Join EXL, a global leader in data and AI with a collaborative culture.
- Benefits: Flexible hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Dynamic environment with a focus on innovation and continuous improvement.
- Why this job: Make an impact in the insurance industry while driving operational excellence.
- Qualifications: 8+ years in reinsurance with strong analytical and stakeholder management skills.
The predicted salary is between 70000 - 90000 £ per year.
EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes, and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries such as insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 60,000 employees spanning six continents.
Summary of the role
The purpose of this role is to serve as a Reinsurance Subject Matter Expert (SME), supporting end to end ceded reinsurance operations and providing analytical and strategic insights to enhance operational effectiveness. This role requires close collaboration with underwriting, actuarial, finance, claims and external stakeholders to ensure the accurate administration of reinsurance arrangements while identifying opportunities for process improvement and optimisation. In addition to managing day to day operational activities, the role will play a key part in driving continuous improvement initiatives and delivering meaningful analysis to support business decision making.
Key Responsibilities
- Managing end to end ceded reinsurance operations, including treaty administration, accounting, settlements and reporting activities.
- Acting as a trusted advisor and subject matter expert to stakeholders, identifying process gaps and driving operational excellence initiatives.
- Ensuring accurate interpretation and execution of treaty terms and maintaining compliance with contractual and regulatory requirements.
- Performing financial analysis, data reconciliations and bordereaux reporting for ceded reinsurance portfolios.
- Delivering data driven insights on portfolio performance, loss trends and financial impacts to support strategic decision making.
- Collaborating closely with underwriting, actuarial, finance, claims and external counterparties to ensure effective management of ceded reinsurance programmes.
- Supporting and enhancing reporting capabilities, metrics and dashboards to improve transparency and business performance.
- Participating in tactical and strategic projects aimed at increasing efficiency, automation and quality across ceded reinsurance processes.
- Providing analytical support and recommendations that move beyond transactional processing and enable informed business decisions.
- Supporting the implementation of process improvements, controls and best practices across reinsurance operations.
Essential Qualifications
- 8+ years' experience in reinsurance or outward reinsurance operations, with strong knowledge of ceded reinsurance processes.
- Deep understanding of treaty administration, accounting, settlements and reporting requirements.
- Experience working within the London Market insurance environment is preferred.
- Strong analytical capabilities and experience working with large and complex data sets.
- Ability to interpret and analyse portfolio performance and financial trends to provide actionable insights.
- Proven ability to identify opportunities for process optimisation and drive continuous improvement.
- Strong stakeholder management and communication skills, with the ability to influence and collaborate across multiple functions.
- Solution focused mindset with a passion for operational excellence and innovation.
- Enthusiasm to work in a dynamic, fast paced environment and challenge existing ways of working to deliver better outcomes.
- Strong team player with the ability to build effective relationships and contribute to a collaborative culture.
To be considered for this role, you must already be eligible to work in the United Kingdom.
Required Skills
- Automation Management
- Communication
- Planning and Strategy Development
Re-Insurance SME employer: Ex
EXL is an exceptional employer that fosters a culture of innovation and collaboration, making it an ideal place for professionals seeking to make a meaningful impact in the reinsurance sector. With flexible hybrid working arrangements in London, employees benefit from a supportive environment that prioritises continuous improvement and professional growth, alongside access to cutting-edge data and AI technologies. Joining EXL means being part of a global team dedicated to excellence and integrity, where your contributions directly influence the success of leading corporations across various industries.
