Senior Reinsurance Operations Manager
2 days ago
Job Summary
">We are seeking a highly skilled Senior Reinsurance Operations Manager to join our EXL team. As a key member of our Ceded Reinsurance team, you will be responsible for leading the development and implementation of reporting processes, ensuring timely and accurate delivery of regulatory reports to reinsurers and regulators.
">About the Role
">This is a challenging and rewarding opportunity for an experienced professional with a strong background in reinsurance operations and reporting. You will have extensive knowledge of ceded reinsurance applications and processes, as well as strong analytical and communication skills.
">As a Senior Reinsurance Operations Manager, you will:
">- ">
- Develop and maintain effective reporting processes, including annual cat and TRIA regulatory reporting, Bermuda cat regulatory returns, and AM Best ILS/ILW annual regulatory returns;">
- Collaborate with clients' reserving teams to establish ultimate gross ceded losses to collateralized reinsurers, calculate subsequent ultimate reinsurance recoveries, and apply loss buffer weightings;">
- Manage quarterly stop-loss contract management, including contract entry into policy administration systems, assessment of ultimate loss values/ratios against reinsurance cover, and management of associated collateral;">
- Prepare and manage quarterly reporting on ultimate gross and net view on whole account quota shares to various counterparties;">
- Provide support to broader offshore teams, including assistance with month-end and quarter-end processes, credit control, calculation of XOL and facultative reinsurance claims, and attending regular team meetings;">
- Ensure compliance with regulatory requirements and maintain accurate records;">
Requirements
">To be successful in this role, you will require:
">- ">
- Minimum 12 years of experience in insurance/reinsurance operations, with 3+ years of team-leading experience in ceded reinsurance;">
- Strong knowledge of ceded reinsurance applications and processes;">
- Excellent analytical, problem-solving, and communication skills;">
- Ability to read and interpret reinsurance contract wordings;">
- Experience with Microsoft applications, particularly Excel;">
- Knowledge of Airtable is advantageous;">
What We Offer
">In return for your expertise and dedication, we offer a competitive salary package, including a base salary of $120,000 per annum, plus bonuses and benefits.
">Location
">This role is based in [location], and you will be required to work from our office.
">About EXL
">EXL is a leading business process solutions company, providing services to some of the world's top organizations. We are committed to delivering high-quality solutions that meet the evolving needs of our clients.
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