Senior Ceded Re Operations Analyst,
Posted 2 days 7 hours ago by McNeil & Co.
Senior Ceded Re Operations Analyst
Role OverviewApply for the remote position with a hybrid working model based in London, UK. This is a full-time role posted 8 days ago, with an application deadline of June 30, 2025.
Our company culture emphasizes collaboration, expertise, and innovation, aiming to promote progress and inspire clients, employees, investors, and communities to realize their potential. Our work helps others achieve their goals. We Enable Possibility .
Role DetailsTitle: Ceded Reinsurance Technician
Location: London
Department: Reinsurance
Version Date: May 2025
Reports To: Ceded Re Operations Manager
HR Contact: KR
Role PurposeThis role involves working within the Ceded Reinsurance Operations Team, collaborating with internal and external stakeholders to ensure timely processing of Reinsurance contracts within the XLPro system. Responsibilities include liaising with Brokers, Reinsurers, and Auditors to meet regulatory deadlines. The role also requires supporting team members in improving workflows and working with the offshore GSO team.
Key Responsibilities- Set up ceded contracts for automation in XLPro
- Prepare and render Treaty statements, ensuring compliance with policy conditions and accounting terms
- Manage premium payments for facultative and excess of loss purchases
- Calculate and communicate XOL collections and advices
- Report on Ceded Reinsurance financials internally and externally
- Maintain internal controls, including Risk and SOX compliance
- Assist in regulatory reporting, including Lloyd's returns and group reports
- Build relationships with stakeholders to improve efficiency and service
- Coordinate renewal information with Ceded Reinsurance purchasers
- Review and suggest improvements to current procedures
- Support financial reporting, committee and board documentation, and regulatory submissions
- Strong Excel skills
- Experience with XLPro is advantageous but not essential
- Ability to prioritize and meet deadlines
- Excellent written and verbal communication skills
- Self-motivated with initiative
- At least 2 years of relevant experience, preferably within Lloyd's Insurance market
- Knowledge of all major reinsurance types: Facultative, Quota Share, Excess of Loss
- Experience in Non-Marine and Marine classes, especially Property and Casualty
- Understanding of regulatory returns such as SRS, QMA, and Solvency II
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