Manager, Performance Management in London

Outwards Reinsurance Manager

City of London - Hybrid

Key Responsibilities

• Reinsurance Operations
  • Oversee the accurate and timely execution of all reinsurance activities across the function.
  • Maintain hands-on oversight of:
  • Bordereaux preparation and submission.
  • Contract setup, validation and ongoing maintenance within reinsurance systems.
  • Reinsurance settlements, cash processing and reconciliations.
  • Claims recoveries tracking, follow-up and resolution.
  • Review outputs thoroughly, identifying and resolving discrepancies and ensuring data is complete, consistent and accurate.
  • Maintain comprehensive documentation and audit trails across all reinsurance transactions.
• Financial Control & Reporting
  • Oversee and prepare key reinsurance financial outputs, including:
  • Premium and recovery estimates.
  • Profit commission calculations.
  • Ceded balances and reconciliations.
  • Ensure reinsurance-related accounts are reconciled accurately and on a timely basis to support financial reporting and month-end close.
  • Prepare and analyse reinsurance reporting, including P&L, cash flow and management information.
  • Prepare materials and reporting for relevant reinsurance governance committees.
  • Work closely with Finance and Actuarial teams, providing accurate data to support reserving and regulatory reporting.
• Controls, Audit & Governance
  • Develop, implement and maintain a robust control framework across reinsurance processes.
  • Ensure compliance with applicable internal standards, policies and regulatory requirements.
  • Act as a key point of contact for internal and external audit, coordinating responses and supporting documentation.
  • Ensure adherence to Lloyd’s requirements and relevant regulatory standards.
  • Maintain strong governance around contract certainty, approvals and documentation quality.
• Credit Control & Cash Management
  • Oversee the collection of reinsurance recoveries and settlement of ceded payables.
  • Monitor aged balances and proactively drive resolution to support strong cash conversion and minimise leakage.
  • Maintain oversight of reinsurer exposures, balances and settlement performance.
• Stakeholder Management
  • Act as a central point of coordination between Underwriting, Finance, Actuarial, Claims and offshore teams.
  • Build and maintain effective relationships with brokers and reinsurers, ensuring strong execution and delivery.
  • Provide technical guidance to internal stakeholders on reinsurance operations, accounting, controls and reporting.
• Systems, Process & Continuous Improvement
  • Lead the development and optimisation of reinsurance systems, processes and controls.
  • Contribute to system implementation, configuration, testing and ongoing enhancements.
  • Identify operational inefficiencies and implement improvements to strengthen accuracy, control and timeliness.
  • Support the development of scalable processes aligned to the organisation’s target operating model.
• Reinsurance Strategy & Placement
  • Partner with Underwriting to support the implementation and ongoing management of the outwards reinsurance programme.
  • Undertake analysis of reinsurance arrangements, considering cost, recoverability, counterparty exposure and overall effectiveness.
  • Support renewal activity through analysis, preparation and execution.
  • Engage with brokers and other external stakeholders as required throughout the renewal and placement process.

Key Areas of Focus

• Audit & Controls
  • Ensure all reinsurance balances, transactions and outputs are fully supported, reconciled and audit-ready.
  • Maintain clear audit trails and robust evidential documentation across all processes.
• Technical Ownership
  • Act as a subject matter expert across reinsurance operations, accounting and controls.
  • Ensure the accurate interpretation and application of reinsurance contracts within systems, processes and financial reporting.