Ceded Reinsurance Specialist

Granard Consulting; Greater London; Hybrid; GBP 70,000 - 110,000; Full time

Job summary

Granard Consulting seeks an experienced Onshore Ceded Reinsurance Specialist to join the UK reinsurance team in a hybrid role. You will manage placement, administration and oversight of ceded programmes, ensuring risk transfer and regulatory compliance in the UK and Lloyd's market.

You will work closely with client’s placement/purchasing teams, brokers, regulators and internal functions, leading treaty and facultative placements and maintaining data and records across complex portfolios.

Qualifications

• 4–7 years' ceded reinsurance experience in the UK or Lloyd's market
• Strong knowledge of treaty and facultative reinsurance structures
• Familiarity with UK regulatory requirements including Solvency II, Lloyd's minimum standards, FCA
• Experience with reinsurance administration systems (Sequel Eclipse, Xuber/Majesco) or similar
• Proficiency in Microsoft Excel for data analysis and reporting

Responsibilities

• Lead placement of onshore ceded reinsurance treaties and facultative covers across property, casualty, and specialty lines
• Develop and maintain relationships with reinsurers, Lloyd's syndicates and brokers
• Negotiate contract terms, conditions and pricing with underwriting and actuarial teams
• Monitor performance of reinsurance programmes and suggest adjustments
• Review and interpret reinsurance contracts, endorsements and slips
• Manage premium/claims bordereaux, settlements and cash calls
• Maintain reinsurance records and databases per Lloyd's/FCA requirements
• Oversee cedant accounting including premiums, recoveries and loss notifications
• Ensure compliance with LMA, FCA and Solvency II for ceded reinsurance
• Liaise with internal audit, risk and compliance teams
• Support SCR and ORSA data preparation
• Monitor reinsurer credit risk and maintain panel documentation
• Prepare management information and board-level reporting on programme performance

Skills

Analytical skills

Negotiation skills

Time management

Team collaboration

Integrity

IFRS17 knowledge

Education

ACII qualification (towards)

Tools

Sequel Eclipse

Xuber/Majesco

Excel

Job description

Sponsorship isn't being offered with this position, please only apply if you have the right to work in the UK.

This is a hybrid role, 3-4 days per week in the City office.

We are seeking an experienced Onshore Ceded Reinsurance Specialist to join our UK reinsurance team. This role is responsible for managing the placement, administration and oversight of our ceded reinsurance programmes, ensuring effective risk transfer and regulatory compliance within the UK and Lloyd's market frameworks.

A ceded professional who has 4-7 years of ceded experience with in-depth domainknowledge, including managing end-to-end ceded reinsurance process that include managing complex reinsurance treaty and FAC contracts, with strong knowledge of London Market Reinsurance

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

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

• Lead the placement of onshore ceded reinsurance treatiesand facultative coversacross property, casualty, and specialty lines.
• Develop and maintain strongrelationships with reinsurers, Lloyd's syndicates, and brokers to secure optimal terms and capacity.
• Negotiate reinsurance contract terms, conditions, and pricing in collaboration with underwriting and actuarial teams.
• Monitor the performance of reinsurance programmes and recommend adjustments as required.

Contract Administration & Technical

• Review and interpret reinsurance contracts, endorsements, and slips to ensure accuracyand alignment with placement intent.
• Manage premium and claimsbordereaux, settlements, and cash calls in a timely manner.
• Maintain comprehensive reinsurance recordsand databases in accordance with internal controls and Lloyd's / FCA requirements.
• Oversee the cedant accounting process including premiumpayables, recoveries, and loss notifications.
• Ensure full compliance with Lloyd's MarketAssociation (LMA), FCA regulations, and Solvency II requirements relating to ceded reinsurance.
• Liaise with internal audit,risk, and compliance functions on reinsurance-related matters.
• Support the preparation of reinsurance data for SolvencyCapital Requirement (SCR) reporting and ORSA submissions.
• Monitor reinsurer credit risk and maintainapproved panel documentation.

Reporting & Stakeholder Engagement

• Prepare management information and board-level reporting on reinsurance programme performance, recoveries, and market trends.
• Collaborate with underwriting, claims,actuarial, and financeteams to supportreinsurance strategy.
• Respond to queries from internal and external stakeholders including regulators, auditors, and rating agencies.

Qualifications and experience we consider to be essentialfor the role:

Essential Experience & Qualifications

• Minimum 4–7 years' experience in ceded reinsurance, treaty administration, or a related reinsurance broking/underwriting role within the UK or Lloyd's market.
• Strong working knowledge of treaty and facultative reinsurance structures (proportional and non-proportional).
• Familiarity with UK regulatory requirements including SolvencyII, Lloyd's minimum standards, and FCA obligations.
• Experience with reinsurance administration systems (e.g., Sequel Eclipse, Xuber/Majesco, or similar).
• Proficiency in Microsoft Excel for data analysis and reporting.

Skills and Personal attributes we would like to have:

• Strong analytical and numericalskills with attentionto detail.
• Excellent communication and negotiation skills.
• Ability to manage multiplepriorities and deadlines in a fast-paced environment.
• Collaborative team player with the abilityto work cross-functionally.
• High degree of professional integrity and commercial awareness.
• ACII qualification (Chartered Insurance Institute) or workingtowards it.
• Experience in Lloyd's of London market environment.
• Exposure to reinsurance run-offor legacy portfolios.
• Knowledge of IFRS 17 implications for reinsurance contracts held.