Reinsurance Operations Specialist
4 weeks ago
Job Profile
Function / Area: Reinsurance
Reports To: Reinsurance Operations Manager
Position Summary
To provide operational support to the CNA / Hardy Ceded Reinsurance function in ensuring post-placement activities are conducted promptly and accurately.
Key Responsibilities
- Manage and maintain accurate records of reinsurance contracts, including policy details and premium payments.
- Collaborate with the Underwriting, Reserving, and Finance teams to ensure seamless execution of reinsurance processes.
- Communicate effectively with Brokers and Reinsurers to secure settlement of premiums and recoveries.
- Monitor and manage aged debt in the area of responsibility.
- Provide assistance with facultative, proportional, and excess of loss processes as required by the team.
- Support the implementation of new systems and processes as needed.
- Represent the department in internal and external meetings.
Specific Responsibilities
- Manage proportional reinsurance contract processes, including policy rules and entries, calculation and rendering of statements, and reinsurer queries.
- Manage excess of loss reinsurance contract processes, including policy entry, claims collections, underwriter queries, premium allocations, and payments.
- Calculate and submit periodic returns for various national reinsurance pools.
Requirements
- Strong understanding of Lloyd's and London market.
- 2 to 3 years' experience in a ceded reinsurance role, preferably in a Lloyd's Syndicate and/or Company market.
- Excellent communication and interpersonal skills.
- Ability to work effectively in a team environment.
- Good working knowledge of Microsoft Office software, with advanced Excel skills.
- Attention to detail and willingness to enhance processes.
- Knowledge of Market Outwards Reinsurance Systems, with experience in policy administration systems Subscribe, Senator, and/or XLRAS.
Personal Qualities
- Continuous learning and career development.
- Innovative problem-solving skills.
- Collaborative team player.
- Accountable and organized.
- Professional and service-focused approach.
About CNA Hardy
CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd's and company markets. We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.
CNA Hardy is an equal opportunity employer.
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