Reinsurance Operations Excess Of Loss Manager
Reinsurance Operations Excess of Loss Manager
United Kingdom
Accelerant
23.05.2025
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Full Job Description
About Accelerant
Accelerant Insurance is a technology-fueled insurance platform that empowers MGUs to more effectively and confidently serve small and medium enterprises (“SMEs”). We’re rebuilding the way that MGUs share and exchange risk by aligning incentives to improve outcomes for everyone, with a focus on the SMEs that power our global economy and their niche insurance needs. As the non-carrier carrier, we offer a full-service risk exchange that supports our carefully selected, best-in-class network of Member MGUs. Our Members focus on serving the needs of small and medium-sized businesses, with a particular emphasis on property and casualty insurance. We leverage granular data to deliver unprecedented insight into opportunities, and our specialty portfolio is fully diversified with very low catastrophe, aggregation, or systemic risk.
Job Overview:
We are seeking a highly organized and detail-oriented Reinsurance Excess of Loss (XoL) Operations Specialist to join our dynamic reinsurance team. In this role, you will manage and support the day-to-day operations of our excess of loss reinsurance programs, ensuring efficient processing, accurate reporting, and effective coordination between internal and external stakeholders. You will be a key point of contact for claims, coverage verification, and contract management related to excess of loss reinsurance agreements.
Key Responsibilities:
1. Excess of Loss Treaty Management:
o Administer the operational aspects of excess of loss reinsurance treaties, including tracking, documentation, and reporting.
o Maintain accurate records of all treaty terms, limits, and conditions to ensure compliance with the company's reinsurance arrangements.
2. Claims and Recoveries Handling:
o Coordinate the claims process for excess of loss programs, ensuring timely reporting and processing of claims.
o Work closely with internal teams (underwriting, claims) and external reinsurers to manage recoveries.
o Ensure compliance with treaty provisions, including monitoring and tracking claim reserves and settlement progress.
3. Data Management & Reporting:
o Provide accurate and timely reporting on excess of loss transactions, including premiums, claims, and recoveries.
o Perform regular data validation and reconciliation between internal systems and reinsurer reports to ensure data accuracy.
o Prepare monthly, quarterly, and annual reports for internal and external stakeholders.
4. Contract Compliance and Administration:
o Assist with the preparation and review of reinsurance contracts, ensuring all terms and conditions are accurately reflected.
o Support the resolution of discrepancies or issues arising from treaty interpretation or data inconsistencies.
5. Process Improvement:
o Continuously assess operational workflows and identify opportunities for automation and efficiency in reinsurance processes.
o Collaborate with cross-functional teams to implement best practices and enhance operational performance.
6. Stakeholder Coordination:
o Act as a liaison between departments (underwriting, actuarial, finance) and external reinsurers.
o Provide expertise and support regarding excess of loss reinsurance matters to brokers, reinsurers, and internal teams.
Qualifications:
1. Bachelor’s degree in Business, Finance, Insurance, or a related field.
2. Minimum of 7 years of experience in reinsurance operations, focusing on excess of loss treaties.
3. Strong understanding of reinsurance contracts, terminology, and operations.
4. Experience with claims processing, recoveries, and treaty management.
5. Proficiency in reinsurance software and Microsoft Office Suite (Excel, Word, PowerPoint).
6. Excellent communication, organizational, and problem-solving skills.
7. Ability to work independently and as part of a team in a fast-paced environment.
8. Strong attention to detail and commitment to data accuracy.
9. Knowledge of industry regulations and standards is a plus.
10. Knowledge of Duck Creek Reinsurance system is preferred.
Additional Benefits:
* Work-life balance: Flexible time off to prioritize health and well-being.
* Health and wellness: High-quality health, dental, and other benefits.
* Remote work: Open to candidates across the U.S., Canada, and UK, with flexible collaboration hours.
* Travel: Opportunities for in-person connections and team building.
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