Reinsurance Operations

The role of Senior Ceded Re offshore Resource involves providing leadership in ceded reporting, primarily focusing on external reporting for regulators and reinsurers, as well as internal reporting within the Ceded Re Operations. This position will also offer support for other ceded re administration activities. Specific responsibilities include: - Ceded Reinsurance regulatory reporting - Handling Ad Hoc Claim responses - Managing Reinsurance Collateral - Overseeing Stop loss reinsurance contract management - Whole account quota share reporting - Providing support to the broader offshore reinsurance team The duties of this role include: - Annual Cat and TRIA Regulatory reporting, including obtaining exposure and premium figures from the reinsurance system, and recording Terrorism and other exposures from reinsurance contracts. - Managing Bermuda Cat Regulatory returns by documenting CAT cover provided in reinsurance contracts by territory. - Handling AM Best ILS/ILW annual regulatory returns by posting limits available on this type of reinsurance contract. - Collaborating with the ceded placement team for review and sign-off of regulatory reports. - Netting down large claims and reporting net positions and associated reinsurance recoveries arising from Facultative, Quota share, and Excess of loss reinsurance placements. - Quarterly management of collateralized excess of loss placements, including establishing ultimate gross ceded losses to collateralized reinsurers and calculating reinsurance recoveries. - Managing key stop loss reinsurance contracts, entering contracts into the policy administration system, assessing ultimate loss values, and managing associated collateral. - Preparing and managing quarterly reporting on ultimate Gross and Net view on Whole account Quota shares to various counterparties, collating information from Reserving, Finance, Operations, and providing narratives from the business. - Providing support to the broader Offshore Team in areas such as Credit Control, Calculation of XOL and Facultative reinsurance claims, supporting various project and change activities, attending team meetings, and handling tasks to allow other Ceded Re team members to work on projects. Key required skills for this role include past experience in Ceded re applications and processes, strong reporting and analytical skills, knowledge of collateral calculations and Cat stop loss contracts, proficiency in Microsoft applications (especially Excel), ability to interpret Reinsurance contract wordings, effective communication, knowledge of Airtable, and the ability to manage time and tasks to meet key deadlines and SLAs.,