Senior Ceded Re Operations Analyst,
Senior Ceded Re Operations Analyst,
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Job Description
With a company culture rooted in collaboration expertise and innovation we aim to promote progress and inspire our clients employees investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short We Enable Possibility.
Role Title:
Ceded Reinsurance Technician
Location:
London
Department:
Reinsurance
Date of version:
May 2025
Reports To:
Ceded Re Operations Manager
HR Contact:
KR
Role Summary and Purpose
The primary responsibility of this role is to work within the Ceded Reinsurance Operations Team. This role will be working closely with other team members and both internal and external teams to ensure Reinsurance contracts are interpreted entered and serviced within the XLPro system in a timely fashion. Additional responsibilities will include working with Brokers Reinsurers and Auditors to meet regulatory deadlines.
You will be required assist your team members to continually improve the current ways of working and provide support to ensure the team meets its goals in a positive way. You will also be expected to work with and support our offshore team (GSO).
Key Tasks and Responsibilities
- Set up ceded contracts for automation in the XL Pro Reinsurance System
- Prepare and render Treaty statements and ensure policy conditions and accounting terms are met
- Ensure premium payments are made in a timely manner on facultative and excess of loss purchases
- Calculate prepare and render XOL collections and Advices
- Reporting of Ceded Reinsurance financials both internally and externally
- Ensure adherence to internal controls including Risk and SOX controls
- Assist with preparation of any regulatory reporting including Lloyds returns group reporting terrorism pools
- Develop relationships with internal and external stakeholders to drive efficiency and increase service levels
- Liaise with Ceded Reinsurance purchasers and prepare renewal information as may be required
- Assist with the review of current procedures and recommend enhancements to improve the processes
- Assist with the Financial Reporting Committees and Board packs and Regulatory Returns
Role Requirements & Skills
Skills / Competencies
- Strong excel skills
- Experience using XLPro is desirable but not essential
- Ability to prioritise and work to deadlines/targets
- Good communication skills both written and verbal
- Ability to work on their own and use their initiative
Qualifications
- 2 years experience in a similar role within the company & Lloyds Insurance market is preferred
Experience
- Experience of all major types of reinsurance i.e. Facultative Quota Share and Excess of Loss.
- Some experience in both Non Marine and Marine in particular Property and Casualty classes.
- Awareness of Ceded Reinsurance Regulatory Returns including SRS QMA and Solvency II.
Do you like solving complex business problems working with talented colleagues and have an innovative mindset Arch may be a great fit for you. If this job isnt the right fit but youre interested in working for Arch create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Archs Talent Acquisition team.
14101 Arch Europe Insurance Services LtdRequired Experience:
Senior IC
Employment Type
Full-Time
