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About the Role

This role is within the Ceded Reinsurance Operations Team, ensuring Reinsurance contracts are interpreted, entered, and serviced within the XLPro system accurately and on time. You will collaborate with team members, internal/external teams, Brokers, Reinsurers, and Auditors to meet regulatory deadlines, improve current processes, and support the offshore team (GSP).

Responsibilities

• Set up and manage ceded placement and accounting files.
• Record ceded cover details in IRIS and the Reinsurance System.
• Prepare and render Quota Share account statements, ensuring policy conditions and accounting terms are met.
• Ensure timely premium payments for facultative and excess of loss purchases, in line with terms of trade.
• Report Ceded Reinsurance Premiums and Claims figures internally and externally.
• Record ceded reinsurance programmes in corporate underwriting and reinsurance systems.
• Assist with the implementation of a new Ceded Reinsurance system through project phases, including liaison with Finance for General Ledger reconciliations.
• Ensure adherence to internal controls, including Risk and SOX controls.
• Assist in the production of all Ceded premium/financial data.
• Review and enhance current data provision for internal and external reporting.
• Manage relationships with brokers to ensure efficient account management.
• Liaise with Ceded Reinsurance purchasers and prepare renewal information.
• Assist with the review of current procedures and recommend process enhancements.
• Peer review Ceded Reinsurance record entry into source systems.
• Assist with Financial Reporting, Committees and Board packs, and Regulatory Returns.

Requirements

• Experience of all major types of reinsurance (Facultative, Quota Share, and Excess of Loss).
• Extensive experience in both Non Marine and Marine, particularly Property and Casualty classes.
• Experience of Ceded Reinsurance Regulatory Returns, including SRP/SRS, QMA and Solvency II.
• Understanding of the full end-to-end Ceded Reinsurance process from Placement through to Credit Control and Reporting.
• Previous experience of IRIS and LORS would be advantageous.

Skills

• Strong Excel skills
• Ability to work with data in a manual environment
• Ability to prioritize and work to deadlines/targets
• Good communication skills, both written and verbal
• Ability to work independently and use initiative

About the Company

• With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential.
• Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis.
• With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

Equal Opportunity

• Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.