Insurance Operations Manager

7 hours ago


Delhi, Delhi, India EXL Full time

About the Role

As a key member of our Insurance Operations team, you will play a crucial role in ensuring the smooth execution of ceded reinsurance operations. This includes leading on external and internal reporting, as well as providing support for other ceded re administration activities.

Responsibilities:

  • Regulatory Reporting: Prepare and submit annual cat and TRIA regulatory returns, including obtaining exposure and premium figures from available reinsurance systems. Record terrorism and other exposures by reading through reinsurance contracts.
  • Ad Hoc Claim Responses: Net down large claims, report back net positions, and associate reinsurance recoveries arising from facultative, quota share, and excess of loss reinsurance placements.
  • Collateral Management: Manage collateralized excess of loss placements quarterly, working with clients' reserving teams to establish ultimate gross ceded losses to reinsurers.
  • Stop Loss Contract Management: Assess ultimate loss values/ratios against reinsurance cover and manage associated collateral quarterly.
  • Whole Account Quarterly Reporting: Prepare and manage quarterly reporting on ultimate gross and net views on whole account quota shares to various counterparties.
  • Support to Broader Offshore Team: Assist with month-end and quarter-end processes, perform tasks usually handled by other ceded re teams, and support various projects and change activities.

Requirements:

  • Past experience of ceded re applications and processes.
  • Strong reporting and analytical skills.
  • Relevant experience in collateral calculations and cat stop loss contracts is desirable.
  • Strong Microsoft applications skills, particularly Excel.
  • Ability to read and interpret reinsurance contract wordings.
  • Effective communication.
  • Knowledge of Airtable is advantageous.
  • Ability to manage time and tasks to meet key deadlines and SLAs.

Compensation Package:

The estimated salary range for this position is $120,000 - $160,000 per annum, depending on experience and qualifications.



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