At a Glance
- Tasks: Manage ceded reinsurance programmes and ensure effective risk transfer in a hybrid role.
- Company: Join a leading UK reinsurance team with a focus on collaboration and innovation.
- Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Work in a fast-paced environment with excellent career advancement opportunities.
- Why this job: Make an impact in the dynamic world of reinsurance while developing your expertise.
- Qualifications: 4-7 years of ceded reinsurance experience and strong analytical skills required.
The predicted salary is between 56700 - 69300 £ per year.
Sponsorship isn't being offered with this position, please only apply if you have the right to work in the UK.
This is a hybrid role, 3-4 days per week in the City office.
We are seeking an experienced Onshore Ceded Reinsurance Specialist to join our UK reinsurance team.
This role is responsible for managing the placement, administration and oversight of our ceded reinsurance programmes, ensuring effective risk transfer and regulatory compliance within the UK and Lloyd's market frameworks.
A ceded professional who has 4-7 years of ceded experience with in-depth domainknowledge, including managing end-to-end ceded reinsurance process that include managing complex reinsurance treaty and FAC contracts, with strong knowledge of London Market Reinsurance
The individual will be one of the main points of contact for Client’s placement/purchasing team, brokerrelationships, regulatory returns, audits (internal, statutory, and external), Claims, Finance and Risk team.
As part of your duties, you will be responsible for
- Lead the placement of onshore ceded reinsurance treatiesand facultative coversacross property, casualty, and specialty lines.
- Develop and maintain strongrelationships with reinsurers, Lloyd's syndicates, and brokers to secure optimal terms and capacity.
- Negotiate reinsurance contract terms, conditions, and pricing in collaboration with underwriting and actuarial teams.
- Monitor the performance of reinsurance programmes and recommend adjustments as required.
- Contract Administration & Technical
- Review and interpret reinsurance contracts, endorsements, and slips to ensure accuracyand alignment with placement intent.
- Manage premium and claimsbordereaux, settlements, and cash calls in a timely manner.
- Maintain comprehensive reinsurance recordsand databases in accordance with internal controls and Lloyd's / FCA requirements.
- Oversee the cedant accounting process including premiumpayables, recoveries, and loss notifications.
- Ensure full compliance with Lloyd's Market Association (LMA), FCA regulations, and Solvency II requirements relating to ceded reinsurance.
- Liaise with internal audit, risk, and compliance functions on reinsurance-related matters.
- Support the preparation of reinsurance data for Solvency Capital Requirement (SCR) reporting and ORSA submissions.
- Monitor reinsurer credit risk and maintainapproved panel documentation.
- Reporting & Stakeholder Engagement
- Prepare management information and board-level reporting on reinsurance programme performance, recoveries, and market trends.
- Collaborate with underwriting, claims, actuarial, and financeteams to supportreinsurance strategy.
- Respond to queries from internal and external stakeholders including regulators, auditors, and rating agencies.
Qualifications and experience we consider to be essentialfor the role
Essential Experience & Qualifications
- Minimum 4–7 years' experience in ceded reinsurance, treaty administration, or a related reinsurance broking/underwriting role within the UK or Lloyd's market.
- Strong working knowledge of treaty and facultative reinsurance structures (proportional and non-proportional).
- Familiarity with UK regulatory requirements including Solvency II, Lloyd's minimum standards, and FCA obligations.
- Experience with reinsurance administration systems (e. g., Sequel Eclipse, Xuber/Majesco, or similar).
- Proficiency in Microsoft Excel for data analysis and reporting.
Skills and Personal attributes we would like to have
- Strong analytical and numericalskills with attentionto detail.
- Excellent communication and negotiation skills.
- Ability to manage multiplepriorities and deadlines in a fast-paced environment.
- Collaborative team player with the abilityto work cross-functionally.
- High degree of professional integrity and commercial awareness.
- ACII qualification (Chartered Insurance Institute) or workingtowards it.
- Experience in Lloyd's of London market environment.
- Exposure to reinsurance run-offor legacy portfolios.
- Knowledge of IFRS 17 implications for reinsurance contracts held.
- #J-18808-Ljbffr
Ceded Reinsurance Specialist employer: Granard Consulting
As a Programme Manager at our leading digital acceleration consultancy, you will thrive in a dynamic and innovative work culture that prioritises agility and transformation. Located in London, this role offers a unique opportunity to engage with top-tier financial institutions while benefiting from a hybrid work model that promotes work-life balance. We are committed to your professional growth, providing access to cutting-edge technology and a collaborative environment where your expertise in wealth management and tech modernisation can truly shine.
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Reinsurance Specialist
✨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 Granard Consulting). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨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 Granard Consulting. 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 Ceded Reinsurance Specialist
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 Granard Consulting.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Granard Consulting. 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 Granard Consulting
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Granard Consulting 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 Granard Consulting, 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 Granard Consulting'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.
