Manage end‑to‑end reinsurance operations including system setup, sanctions checks, submissions, and facultative/treaty contract administration.
Handle post‑bind activities such as cancellations, endorsements, and accurate calculation and booking of reinsurance premiums and bordereaux.
- Calculate and record contractual obligations including profit commission, premium adjustments, and no‑claims bonuses, ensuring compliance with quarterly and annual instructions.
- Perform variance analysis of actual results against expectations and prior periods, while maintaining regular communication with customers and internal stakeholders.
- Lead teams through daily operations, query resolution, Lean process improvements, and structured training initiatives to enhance controls and performance.
Responsibilities
- · Reinsurance Setup, Sanctions & Submission clearance in the system.
- · Facultative & Treaty Reinsurance Contract Management - Setting up & maintaining the reinsurance contract.
- · Post bind work like Cancellation/endorsement management.
- · Premium - Calculating and booking of reinsurance premiums and processing bordereaux in the system.
- · Calculating & booking of contractual obligations like Profit commission, Prem adjustments, No claims bonus etc.
- · Ensure the quarterly and yearly instructions are reviewed and incorporated.
- · Analysis of actual results compared with expectations, as well as prior periods.
- · Communicate with customer on day-to-day basis and internal stakeholder on regular basis
- · Team handling skills, daily query handling, feedback management to iron out the operational challenges and driving improvements (Lean) to bring better controls.
- · Exposure towards training methodology to drive effective training to bring desired result.
Qualifications
- · Graduate with at least fifteen (15) years of education in any discipline
- · 4+ years of experience for AM and 7+ Years of experience for LAM
- Knowledge of UK Insurance indust