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About the Role

We are looking for a reinsurance professional to provide operational support to the CNA / Hardy Ceded Reinsurance function, ensuring post-placement activities are conducted promptly and accurately.

Responsibilities

• Manage proportional quota share reinsurance contract processes, including policy rules and entries, calculation and rendering of statements, and managing reinsurer queries.
• Manage excess of loss reinsurance contract processes, including policy entry, claims close and recoveries, dealing with underwriters queries, premium allocations and payments, and Premium Adjustment calculations.
• Ensure premium payments are made effectively and on time, adhering to LORS and USM settlement procedures and internal finance payment processes.
• Comply with all legal and regulatory requirements, adhering to agreed procedures and controls.
• Involve in regulatory returns, including Lloyd’s SRS and those required for reinsurance Pools schemes.
• Assist with the processing and handling of Facultative reinsurance processes, including policy entry, premium payment, and claims recoveries.
• Identify and service run-off and legacy accounts.
• Issue large special settlement requests as required.
• Provide sign-off within an agreed framework as a second pair of eyes.
• Support and collaborate with Underwriting, Reserving, Finance, and Claims teams.
• Communicate externally with Brokers and Reinsurers to advise and secure settlement of premiums and recoveries.
• Monitor and manage credit control and aged debt.
• Calculate and reconcile broker relationship dividends.
• Assist with projects as requested by the Reinsurance Operations Manager, including involvement in new system implementation.
• Represent the department in internal and external meetings.
• Nurture less experienced members of the Operations Team.

Requirements

• 5 to 10 years’ experience of working for a Lloyd’s Syndicate and/or Company market in a ceded reinsurance role.
• Experience and thorough understanding of ceded Reinsurance.
• Ability to communicate effectively.
• Ability and confidence to build internal/external relationships.
• Good working knowledge of Microsoft Office software with advanced Excel skills.
• Attention to detail, willingness to understand and enhance processes.
• Good working knowledge of Market Outwards Reinsurance Systems.
• Knowledge of policy administration systems Subscribe, Senator and/or XLRAS would be advantageous.

Skills

• Understanding of Lloyd’s and London market
• Advanced Excel skills
• Microsoft Office software
• Market Outwards Reinsurance Systems
• Subscribe
• Senator
• XLRAS

Experience Level

• 5 to 10 years

About the Company

• CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets.
• We are part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurance company.
• Established in 1897, CNA has approximately 5,700 employees, serving businesses and professionals in the U.S., Canada, and Europe.
• We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.
• We offer a highly specialised and comprehensive portfolio of innovative and market leading products.
• Coverage is available to businesses of all sizes for domestic, international and global exposures.

Equal Opportunity

• CNA Hardy is an equal opportunity employer.