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Ceded Reinsurance Junior Analyst
About EXL
EXL (NASDAQ: EXLS) is a global data and artificial intelligence (AI) company that helps clients reinvent their business models, achieve better outcomes, and drive growth through data-driven solutions. By leveraging data, AI, and deep industry expertise, EXL transforms industries—including insurance, healthcare, banking, financial services, and retail.
Founded in 1999, EXL operates with core values of innovation, collaboration, excellence, integrity, and respect.
Headquartered in New York and spanning 60,000+ employees across six continents, EXL empowers global enterprises. Learn more at EXL Service.
Role: Ceded Reinsurance Junior Analyst
BU/Segment
Analytics / Data / Insurance
Location
London, United Kingdom (Hybrid: 3 days in-office)
Employment Type
Permanent
Experience Required
3 years
Job Summary
We are seeking an energetic Ceded Reinsurance Junior Analyst with around 3 years of experience to support design, placement, and administration of ceded reinsurance programs. This role involves close collaboration with Placement Officers, Underwriting, Actuarial, Claims, Analytics, Legal, Operations, broker teams, and reinsurers to drive:
- Portfolio optimisation
- Risk management
- Successful reinsurance renewals
The ideal candidate will have strong analytical skills, attention to detail, the ability to manage large datasets, and a desire to grow within the insurance sector.
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Key Responsibilities
- Support the design, placement, and administration of ceded reinsurance programs
- Contribute to portfolio optimisation and risk management
- Assist with insurance renewals in collaboration with cross-functional teams
- Analyse and interpret large and complex datasets to generate insights
- Compile and maintain reinsurance submissions (e.g., proposal packs, renewal agendas)
- Monitor market trends, contract wordings, and policy compliance
- Prepare management information (MI) reports for stakeholders
- Work with brokers, underwriters, and reinsurers for comprehensive risk evaluation
- Participate in process improvements and automation projects
Key Qualifications & Requirements
Essential (Must-Haves)
✅ About 3 years of experience in reinsurance, insurance, or London Market ✅ Experience with ceded reinsurance placements (treaty or facultative) or preference for candidates in London Market or specialty insurance industries ✅ Strong grasp of reinsurance markets, contract structures, and policy wordings ✅ Ability to prepare submission packs, renewal documentation, and MI reports ✅ Exposure to data systems tracking reinsurance placement and portfolio information ✅ Collaborated with brokers, underwriters, and cross-functional teams (e.g. Actuarial, Claims, Operations, and Analytics) ✅ Familiarity with process improvement or technology-driven projects ✅ Intermediate-to-advanced Microsoft Excel skills, including:
- Clean Power Queries
- Effective use of PivotTables
- Data analysis functions ✅ Progress towards a relevant insurance or risk management qualification is a bonus
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Desirable (Advantageous)
✔ Experience with data visualisation tools (e.g. Power BI, Tableau) ✔ Introductory expertise in AI or automation driven analytics
Why Join EXL?
EXL fosters a balanced and fulfilling professional journey with:
Competitive Benefits & Support
- Generous compensation, including a competitive salary and bonus
- Private healthcare, critical illness cover, life assurance (4x salary), and income protection insurance
- Rewarding pension scheme
- Financial well-being support: Cashback cards, Cycle Scheme, and retail discounts
Growth & Development
- Comprehensive career development and learning initiatives:
- Access to online courses, seminars, and workshops
- Certifications and skills enhancement programs
- Staying current with industry trends and technological innovations
Diversity & Inclusion
- Commitment to an Equal Opportunity environment; no discrimination on the basis of:
- Race, religion, colour, national origin, sex (including pregnancy-related conditions), sexual orientation, age, or disability status.
Employee Perks
- Stock purchase plan (ESPP) perks
- Hybrid working model enabling flexibility to balance work and life while fostering strong team collaboration.
Eligibility
Must already be eligible to work in the United Kingdom.
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