At a Glance
- Tasks: Join our team to manage reinsurance contracts and collaborate with key stakeholders.
- Company: We empower progress and inspire potential in clients, employees, and communities.
- Benefits: Enjoy a hybrid working model and a supportive, innovative culture.
- Why this job: Be part of a dynamic team solving complex problems in the insurance industry.
- Qualifications: 2+ years experience in reinsurance, strong Excel skills, and excellent communication.
- Other info: Remote position based in London with opportunities for professional growth.
The predicted salary is between 43200 - 72000 £ per year.
Apply for the remote position with a hybrid working model based in London, UK. This is a full-time role posted 8 days ago, with an application deadline of June 30, 2025. Our company culture emphasizes collaboration, expertise, and innovation, aiming to promote progress and inspire clients, employees, investors, and communities to realize their potential. Our work helps others achieve their goals. We Enable Possibilityâ„ .
Role Details
- Location: London
- Department: Reinsurance
- Version Date: May 2025
- Reports To: Ceded Re Operations Manager
- HR Contact: KR
Role Purpose
This role involves working within the Ceded Reinsurance Operations Team, collaborating with internal and external stakeholders to ensure timely processing of Reinsurance contracts within the XLPro system. Responsibilities include liaising with Brokers, Reinsurers, and Auditors to meet regulatory deadlines. The role also requires supporting team members in improving workflows and working with the offshore GSO team.
Key Responsibilities
- Set up ceded contracts for automation in XLPro
- Prepare and render Treaty statements, ensuring compliance with policy conditions and accounting terms
- Manage premium payments for facultative and excess of loss purchases
- Calculate and communicate XOL collections and advices
- Report on Ceded Reinsurance financials internally and externally
- Maintain internal controls, including Risk and SOX compliance
- Assist in regulatory reporting, including Lloyd’s returns and group reports
- Build relationships with stakeholders to improve efficiency and service
- Coordinate renewal information with Ceded Reinsurance purchasers
- Review and suggest improvements to current procedures
- Support financial reporting, committee and board documentation, and regulatory submissions
Skills and Qualifications
Skills / Competencies
- Strong Excel skills
- Experience with XLPro is advantageous but not essential
- Ability to prioritize and meet deadlines
- Excellent written and verbal communication skills
- Self-motivated with initiative
Qualifications
- At least 2 years of relevant experience, preferably within Lloyd’s Insurance market
Experience
- Knowledge of all major reinsurance types: Facultative, Quota Share, Excess of Loss
- Experience in Non-Marine and Marine classes, especially Property and Casualty
- Understanding of regulatory returns such as SRS, QMA, and Solvency II
If you enjoy solving complex business problems and working with talented colleagues in an innovative environment, Arch may be the right fit. Interested in future opportunities? Create a job alert or join our talent community to connect directly with our Talent Acquisition team.
Senior Ceded Re Operations Analyst, employer: McNeil & Co.
Contact Detail:
McNeil & Co. 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 with the hiring team.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those familiar with Lloyd's Insurance market. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Brush up on your knowledge of regulatory returns like SRS, QMA, and Solvency II. Being able to discuss these topics confidently will demonstrate your preparedness and understanding of the industry's compliance landscape.
✨Tip Number 4
Prepare to showcase your problem-solving skills during interviews. Think of specific examples where you've improved workflows or collaborated effectively with stakeholders, as these experiences are highly relevant to the role.
We think you need these skills to ace Senior Ceded Re Operations Analyst,
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Senior Ceded Re Operations Analyst position. Understand the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in reinsurance operations, particularly any work with XLPro or similar systems. Mention specific projects or tasks that align with the responsibilities listed in the job description.
Showcase Your Skills: Make sure to highlight your strong Excel skills and any relevant qualifications. If you have experience with regulatory returns or knowledge of reinsurance types, include these details to demonstrate your suitability for the role.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of the company's culture and values. Mention how your background aligns with their emphasis on collaboration, expertise, and innovation.
How to prepare for a job interview at McNeil & Co.
✨Know Your Reinsurance Basics
Make sure you brush up on your knowledge of reinsurance types, especially Facultative and Excess of Loss. Being able to discuss these concepts confidently will show that you understand the industry and can contribute effectively.
✨Excel Skills Are Key
Since strong Excel skills are a requirement for this role, be prepared to demonstrate your proficiency. You might be asked to solve a problem or analyse data during the interview, so practice using Excel functions relevant to financial reporting.
✨Showcase Your Communication Skills
As the role involves liaising with various stakeholders, it's crucial to highlight your written and verbal communication abilities. Prepare examples of how you've successfully communicated complex information in previous roles.
✨Prepare for Regulatory Questions
Familiarise yourself with regulatory returns like SRS, QMA, and Solvency II. Be ready to discuss how you have handled compliance in past positions, as this will demonstrate your understanding of the regulatory landscape.