EXL
Ceded Reinsurance Technician
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EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect.
We are headquartered in New York and have more than 60,000 employees spanning six continents. For more information, visit www.exlservice.com.
Role Title: Ceded Reinsurance Specialist
BU/Segment: Insurance / Reinsurance
Location: London, United Kingdom (Hybrid working 3-4 days a week in the office)
Employment Type: Permanent
Summary of the Role:
We are seeking an experienced Onshore Ceded Reinsurance Specialist to join our UK reinsurance team. This role is responsible for managing the placement, administration, and oversight of our ceded reinsurance programmes, ensuring effective risk transfer and regulatory compliance within the UK and Lloyd's market frameworks.
A ceded professional who has 8-10 years of ceded experience with in-depth domain knowledge, including managing end-to-end ceded reinsurance processes that include managing complex reinsurance treaty and FAC contracts, with strong knowledge of London Market Reinsurance.
The individual will be one of the main points of contact for Client’s placement/purchasing team, broker relationships, regulatory returns, audits (internal, statutory, and external), Claims, Finance, and Risk team.
Key Responsibilities:
Reinsurance Placement & Programme Management
- Lead the placement of onshore ceded reinsurance treaties and facultative covers across property, casualty, and specialty lines.
- Develop and maintain strong relationships with reinsurers, Lloyd's syndicates, and brokers to secure optimal terms and capacity.
- Negotiate reinsurance contract terms, conditions, and pricing in collaboration with underwriting and actuarial teams.
- Monitor the performance of reinsurance programmes and recommend adjustments as required.
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Contract Administration & Technical
- Review and interpret reinsurance contracts, endorsements, and slips to ensure accuracy and alignment with placement intent.
- Manage premium and claims bordereaux, settlements, and cash calls in a timely manner.
- Maintain comprehensive reinsurance records and databases in accordance with internal controls and Lloyd's / FCA requirements.
- Oversee the cedant accounting process including premium payables, recoveries, and loss notifications.
Risk & Compliance
- Ensure full compliance with Lloyd's Market Association (LMA), FCA regulations, and Solvency II requirements relating to ceded reinsurance.
- Liaise with internal audit, risk, and compliance functions on reinsurance-related matters.
- Support the preparation of reinsurance data for Solvency Capital Requirement (SCR) reporting and ORSA submissions.
- Monitor reinsurer credit risk and maintain approved panel documentation.
Reporting & Stakeholder Engagement
- Prepare management information and board-level reporting on reinsurance programme performance, recoveries, and market trends.
- Collaborate with underwriting, claims, actuarial, and finance teams to support reinsurance strategy.
- Respond to queries from internal and external stakeholders including regulators, auditors, and rating agencies.
Qualifications and Experience:
Essential Experience & Qualifications
- Minimum 4–7 years' experience in ceded reinsurance, treaty administration, or a related reinsurance broking/underwriting role within the UK or Lloyd's market.
- Strong working knowledge of treaty and facultative reinsurance structures (proportional and non-proportional).
- Familiarity with UK regulatory requirements including Solvency II, Lloyd's minimum standards, and FCA obligations.
- Experience with reinsurance administration systems (e.g., Sequel Eclipse, Xuber/Majesco, or similar).
- Proficiency in Microsoft Excel for data analysis and reporting.
Skills and Personal Attributes
- Strong analytical and numerical skills with attention to detail.
- Excellent communication and negotiation skills.
- Ability to manage multiple priorities and deadlines in a fast-paced environment.
- Collaborative team player with the ability to work cross-functionally.
- High degree of professional integrity and commercial awareness.
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Desirable
- ACII qualification (Chartered Insurance Institute) or working towards it.
- Experience in Lloyd's of London market environment.
- Exposure to reinsurance run-off or legacy portfolios.
- Knowledge of IFRS 17 implications for reinsurance contracts held.
Benefits of Joining EXL:
- A competitive salary with a generous bonus, private healthcare, critical illness life assurance at 4 x your annual salary, income protection insurance, and a rewarding pension.
- EXL provides everyday financial well-being solutions, such as cash back cards, in which you can earn cashback while enjoying discounts, promotions, and offers from top retailers. We also offer a Cycle Scheme where you can save money on bikes and cycling accessories.
- At EXL, we are committed to providing our employees with the tools and resources they need to succeed and excel in their careers. We offer a wide range of professional and personal development opportunities. We also support a range of learning initiatives that allow our employees to build on their existing skills and knowledge. From online courses to seminars and workshops, our employees have the opportunity to enhance their skills and stay up to date with the latest trends and technologies.
- As an Equal Opportunity Employer, EXL is committed to diversity. Our company does not discriminate based on race, religion, colour, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, age, or disability status.
- EXL employees are eligible to purchase stock as part of our Employee Stock Purchase Plan (ESPP).
- At EXL, we offer a flexible hybrid working model that allows employees to live a balanced, healthy lifestyle while strengthening our culture of collaboration.
To be considered for this role, you must already be eligible to work in the United Kingdom.
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