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About the Role
This role is responsible for managing the placement, administration and oversight of ceded reinsurance programmes, ensuring effective risk transfer and regulatory compliance within the UK and Lloyd's market frameworks. The individual will be a key contact for client placement teams, broker relationships, regulatory returns, audits, claims, finance, and risk teams.
Responsibilities
- Lead the placement of onshore ceded reinsurance treaties and facultative covers across property, casualty, and specialty lines.
- Develop and maintain strong relationships 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.
- Review and interpret reinsurance contracts, endorsements, and slips to ensure accuracy and alignment with placement intent.
- Manage premium and claims bordereaux, settlements, and cash calls in a timely manner.
- Maintain comprehensive reinsurance records and databases in accordance with internal controls and Lloyd's / FCA requirements.
- Oversee the cedant accounting process including premium payables, 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 maintain approved panel documentation.
- Prepare management information and board-level reporting on reinsurance programme performance, recoveries, and market trends.
- Collaborate with underwriting, claims, actuarial, and finance teams to support reinsurance strategy.
- Respond to queries from internal and external stakeholders including regulators, auditors, and rating agencies.
Requirements
- 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.
- Eligible to work in the United Kingdom.
Skills
- Strong analytical and numerical skills with attention to detail.
- Excellent communication and negotiation skills.
- Ability to manage multiple priorities and deadlines in a fast-paced environment.
- Collaborative team player with the ability to work cross-functionally.
- High degree of professional integrity and commercial awareness.
- ACII qualification (Chartered Insurance Institute) or working towards it.
- Experience in Lloyd's of London market environment.
- Exposure to reinsurance run-off or legacy portfolios.
- Knowledge of IFRS 17 implications for reinsurance contracts held.
Location
- London, United Kingdom
Work Type
- Hybrid working 3-4 days a week in the office
- Permanent
Experience Level
- 8-10 years of ceded experience
- Minimum 4–7 years' experience in ceded reinsurance, treaty administration, or a related reinsurance broking/underwriting role
Education Level
- ACII qualification (Chartered Insurance Institute) or working towards it
Benefits
- Competitive salary with a generous bonus
- Private healthcare
- Critical illness life assurance at 4 x your annual salary
- Income protection insurance
- Rewarding pension
- Everyday financial well-being solutions, such as cash back cards
- Cycle Scheme
- Professional and personal development opportunities
- Employee Stock Purchase Plan (ESPP)
About the Company
- EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed.
- EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others.
- EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect.
- Headquartered in New York with more than 60,000 employees spanning six continents.
Equal Opportunity
- As an Equal Opportunity Employer, EXL is committed to diversity. Our company does not discriminate based on race, religion, colour, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, age, or disability status.