Hybrid Ceded Re-Insurance Technician (6 month FTC) bei ExlService Philippines, Inc.

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.

Headquartered in New York, our team is over 60,000 strong, with more than 50 offices spanning six continents. For information, visit www.exlservice.com.

Role Title: Onshore Ceded Reinsurance Technician

BU/Segment: Insurance

Location: UK

Employment Type: 6-month FTC – view to permanent.

Summary of the role:

Minimum 8-10 years of ceded experience with in-depth domain knowledge, including managing end-to-end ceded reinsurance process that include managing complex reinsurance treaty and Facultative (FAC) contracts, with strong knowledge of London Market Reinsurance

The individual will be one of the main points of contact for placement/purchasing team, broker relationships, regulatory returns, audits (internal, statutory, and external), Claims, Finance and Risk team.

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

• Handling reinsurance contracts- Treaty, Facultative (FAC) set-up 
• Perform cession calculations and validate, ceded premium and loss results from the reinsurance system
• Preparing bordereaux, XOL and FAC billings to be sent to brokers/Reinsurers
• Collection of open recoverable, handle market queries
• Invoice review, Receivable/Payables reconciliation & settlement, agree LORS settlements
• Cash reconciliation and allocation
• Manual JE prep / support/ Topside allocation
• Deposit premiums adjustments 
• Working closely with Client Ceded Re Operations Manager, represent Ceded Re Operations during internal audits, external audits, reinsurer audits and control assessments.
• Conduct regular service meetings with RI brokers and help build more effective relationship with proactive issue resolution.
• Build strong in person engagement with Client Ceded Re team, along with Claims, Underwriting and Finance teams.

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

• Bachelor’s degree in accountancy or equivalent

Experience/Knowledge

• Minimum 8 years of ceded experience with in-depth domain knowledge, of Ceded Reinsurance process, with strong knowledge of London Market Reinsurance

Skills and Personal attributes we would like to have:

• Excellent attention to detail and high level of accuracy and good analytical skills.
• High proficiency in Microsoft Office applications
• Strong communication and organisational skills in managing client, peers, and other key stakeholder, able to show initiative.
• Strong Team player

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, critical illness 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 can 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 will be eligible to work in the United Kingdom.