Senior Specialist Ceded Reinsurance

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

Job Title: Senior Specialist – Ceded Re

BU/Segment: Insurance

Location:  London (Flexible hybrid working)

Employment Type: Permanent

Summary of the role:

The purpose of this role is to support Ceded Re Operational Excellence Manager, in the administration of various Ceded Re activities, focussing more directly on pre-bind purchase activities. This is a key role within Ceded Reinsurance and requires a collaborative, team-oriented approach. In addition to day-to-day operational activities, you will also be actively working across various tactical and strategic projects to increase efficiency and quality of ceded reinsurance processes.

As part of your duties, you will be responsible for:

• Administration of pre-bind ceded reinsurance activities, including submission packs, security compliance and operational feasibility.
• Liaise, rinse and cleanse underwriting data from underwriting systems to meet submission and system automation requirements.
• Liaise and co-ordinate broker communications and messaging both on the placement and operations side of the business.
• Understand, Implement and manage updates to various Ceded Re policies and procedures
• Manage Ceded Re Collateral reporting and adequacy. Development of collateral process in new Ceded Reinsurance application.
• Maintain and enhance ceded reinsurance metrics and dashboard.
• Participate in various cross functional projects and initiatives, as required.
• Assist in the co-ordination and facilitation of reinsurer audits
• Preparation and regular update of Group and Entity Program schematics.
• US and UK MGA ceded data preparation
• Portfolio transfer planning and execution
• Strategic ceded relationship management
• Structuring and supporting regulatory reporting

Qualifications and experience we consider to be essential for the role:

• 5-10 years' experience in Reinsurance / Outward Reinsurance operations, preferably in pre-bind activities.
• Understanding of London Market insurance.
• Ability to work with large numerical datasets
• Solution Focused - driving constant change and improvement.
• Strong team player.
• Enthusiasm to work in a dynamic and fast paced environment.
• Constructively challenge / hold us and our teams to account

As part of a leading global analytics and digital solutions company, you can look forward to:

• A competitive salary with a generous bonus, private healthcare, life assurance at 4 x your annual salary, income protection insurance, and a rewarding pension.
• 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.
• 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