Role Purpose
To support the effective placement, administration, and optimisation of the company’s outward reinsurance programme for the UK business. The Assistant Manager will work closely with underwriting, actuarial, finance, and broker partners to ensure timely execution, accurate reporting, and compliance with regulatory requirements (including Solvency II and Lloyd’s if applicable).
Key Responsibilities
1. Reinsurance Placement & Programme Support
- Assist in the design, structure, and negotiation of annual outward reinsurance treaties.
- Collate underwriting and exposure data to prepare submissions for brokers and reinsurers.
- Analyse renewal proposals, ensuring technical accuracy and alignment with business strategy.
- Support modelling of different reinsurance structures alongside actuarial teams.
- Coordinate placement documentation including slips, wordings, and contract certainty.
2. Reinsurance Operations & Administration
- Oversee accurate and timely recording of treaty and facultative reinsurance arrangements in internal systems.
- Monitor contract statuses, endorsements, and renewals.
- Ensure all treaty documentation meets regulatory and audit requirements.
- Support accurate cash allocation, premium payments, recoveries, and reinstatement calculations.
3. Recoveries & Claims Coordination
- Coordinate with claims teams to identify reinsurance‑recoverable claims.
- Prepare and submit recovery notifications and statements to reinsurers/brokers.
- Track recovery progress and ensure timely settlement.
- Reconcile reinsurance receivables and handle queries with brokers and reinsurers.
4. Reporting, Compliance & Controls
- Prepare management reports on treaty performance, costs, recoveries, and exposure.
- Support Solvency II, Lloyd’s reporting (if applicable), and reinsurance credit risk assessments.
- Maintain robust internal controls in line with audit and compliance standards.
- Ensure adherence to contract certainty, GDPR, FCA/Lloyd’s compliance expectations.
Qualifications & Experience
- Bachelor’s degree in Finance, Insurance, Actuarial Science, Business, or related field.
- 3–6 years of relevant experience in outward reinsurance, preferably in the UK/London Market.
- Progress toward professional qualifications (CII, actuarial exams, etc.) is advantageous.
Experience in general insurance lines such as property, casualty, specialty, or Lloyd’s business
Skills Required
- Bachelor's degree in Finance, Insurance, Actuarial Science, Business, or a related field
- 3-6 years of relevant experience in outward reinsurance, preferably in the UK or London Market
- Experience in general insurance lines such as property, casualty, specialty, or Lloyd's business
- Progress toward professional qualifications such as CII or actuarial exams
What We Do
Choosing a digital partner is about more than capabilities — it’s about collaboration and character. Unrealistic overhauls and off-the-shelf products ignore what matters most — your unique needs, culture, goals, and your legacy data and technology environments. At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We’re your business evolution partner—tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations. Whether your goals are scaling the use of AI and digital, redesign operating models, or driving better and faster decisions, we’re here to partner with you to help you gain—and maintain—competitive advantage with efficient, sustainable models at scale. Our expertise in transformation, data science, and change management helps make your business more efficient and effective, improve customer relationships and enhance revenue growth. Instead of focusing on multi-year, resource- and time-intensive platform designs or migrations, we look deeper at your entire value chain to integrate strategies with impact. We use our specialization in analytics, digital interventions, and operations management—alongside deep industry expertise — to deliver solutions that help you outperform the competition. At EXL, it’s all about outcomes—your outcomes—and delivering success on your terms. Share your goals with us and together, we’ll optimize how you leverage data to drive your business forward. For more information, visit www.exlservice.com.
