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Ceded Reinsurance Operations Manager

Job details

  • Reference
  • MG40558
  • Location
  • London
  • Salary
  • £90000 - £120000 per annum
  • Job Type
  • Permanent
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A large respected insurance company is currently looking for an experienced Ceded Reinsurance Operations Manager (Qualified Accountant) for their head office in London.

This insurer takes pride in offering clients superior coverage and service and embodies the guiding principle of focusing on retaining experienced and talented employees to differentiate them from the rest of the pack. Providing specialty risk solutions to clients across a wide range of industries and with over ten years operating history with strong financial ratings. Disciplined underwriting approach and prudent risk selection across all types of business the mission is to provide insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions.

In this position you will take responsibility for managing the ceded reinsurance operations team ensuring the preparation rendering and booking of all ceded reinsurance financials, alongside collections and monitoring of premium payable and loss recoverable balances. Working on ceded calculations for facultative, XOL, and Quota Share premium and claims for financial bookings. Assisting finance department with quarterly and year-end financial reporting regarding the ceded premium and loss data. Review and reconcile reinsurance balance sheet. Represent the reinsurance department in various meetings with IT, finance and actuarial departments.

Key requirements for this position revolve around 10 years or more of reinsurance accounting / operations. You will need to be a Qualified Accountant. Ability to work with data in a manual environment, experience of all major types of reinsurance (Facultative, Quota Share and Excess of Loss). Extensive experience in both non marine and marine, in particular property and casualty classes. Understanding of the full end to end ceded reinsurance process from placement through to credit control and reporting.

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