Reinsurance Operations Specialist
1 week ago
We are seeking a highly skilled Senior Manager to lead our Ceded Reinsurance team at EXL. This is an exciting opportunity to join our organization and take on a leadership role in managing ceded reinsurance activities.
About the Role:
This role provides lead on ceded reporting, including external reporting for regulators and reinsurers, as well as internal reporting. It also supports other ceded re administration activities.
Main Responsibilities:
- Regulatory Reporting: The successful candidate will be responsible for annual Cat and TRIA Regulatory reporting, Bermuda Cat Regulatory returns, and AM Best ILS/ILW annual regulatory returns.
- Ad Hoc Claim responses: The candidate will respond to ad hoc claims queries from clients and provide accurate information on ceded reinsurance transactions.
- Reinsurance Collateral management: This role will involve managing collateralized excess of loss placements, calculating ultimate reinsurance recoveries, and applying loss buffer weightings.
- Stop loss reinsurance contract management: The candidate will manage key stop loss reinsurance contracts, collaborate with clients reserving team, and ensure timely payment of reinsurance claims.
- Whole account quota share reporting: The role will involve preparing and managing quarterly reporting for whole account quota share business.
- Annual Cat and TRIA Regulatory reporting: The candidate will obtain exposure and premium figures from available reinsurance system, record terrorism and other exposures, and submit reports to relevant authorities.
- Manage collateralized excess of loss placements: The role involves calculating ultimate reinsurance recoveries, applying loss buffer weightings, and establishing trapped collateral.
- Quarterly Stop Loss contract management: The candidate will manage key stop loss reinsurance contracts, collaborate with clients reserving team, and ensure timely payment of reinsurance claims.
- Whole account Quarterly reporting: The role involves preparing and managing quarterly reporting for whole account quota share business.
- Support to broader Offshore Team: The candidate will assist with month-end and quarter-end processes, credit control, and calculation of XOL and Facultative reinsurance claims.
- Past experience of Ceded re applications and processes.
- Strong reporting and analytical skills.
- Collateral calculations and Cat stop loss contracts experience desirable.
- Strong Microsoft applications skills.
Salary Information:
The estimated salary range for this position is $100,000 - $120,000 per annum, depending on location and qualifications.
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