At a Glance
- Tasks: Manage ceded reinsurance operations and provide strategic insights for improvement.
- Company: Global data and AI company transforming industries with innovation.
- Benefits: Flexible hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on operational excellence and continuous improvement.
- Why this job: Join a dynamic team and make a real impact in the insurance sector.
- Qualifications: 8+ years in reinsurance, strong analytical skills, and stakeholder management experience.
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 including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the 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.
As part of your duties, you will be responsible for:
- 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.
Qualifications and experience we consider to be essential for the role:
- 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.
Re-Insurance SME in London employer: exl
EXL is an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration in the heart of London. With flexible hybrid working arrangements and a commitment to employee growth, EXL empowers its team members to drive operational excellence and make meaningful contributions to the insurance sector. Join us to be part of a global leader where your expertise as a Re-Insurance SME will be valued and where you can thrive in a supportive environment focused on continuous improvement.
StudySmarter Expert Advice🤫
We think this is how you could land Re-Insurance SME in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like exl). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like exl. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Re-Insurance SME in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at exl.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at exl. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at exl
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at exl to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at exl, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding exl's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
