Reinsurance Operations Excess of Loss Manager

JR United Kingdom; Chelmsford; Remote; GBP 60,000 - 90,000; Full time

Job summary

A leading insurance platform is seeking an organized Reinsurance Operations Excess of Loss Manager in Chelmsford to manage their excess of loss reinsurance programs. This role involves overseeing treaty management, claims processing, and data reporting while ensuring contract compliance. Candidates should possess a Bachelor's degree in Finance or a related field and have significant experience in reinsurance operations, with a strong focus on communication and organization.

Benefits

Flexible time off

Comprehensive health and dental benefits

Qualifications

• At least 7 years in reinsurance operations focused on excess of loss treaties.
• Strong knowledge of reinsurance contracts and operations.
• Experience with claims and treaty management.

Responsibilities

• Manage operational aspects of excess of loss treaties, including documentation and tracking.
• Coordinate claims processing and manage recoveries with internal teams.
• Provide accurate reports on premiums, claims, and recoveries.

Skills

Communication

Organization

Problem Solving

Education

Bachelor’s in Business, Finance, Insurance, or related field

Tools

Duck Creek Reinsurance system

MS Office

Job description

Social network you want to login/join with:

Reinsurance Operations Excess of Loss Manager, Chelmsford

Client: Accelerant

Location:

Job Category:

Other

-

EU work permit required:

Yes

Job Views:

4

Posted:

31.05.2025

Expiry Date:

15.07.2025

Job Description:

About Accelerant

Accelerant Insurance is a technology-fueled insurance platform that empowers MGUs to serve SMEs effectively. We are rebuilding risk sharing among MGUs, focusing on niche insurance needs for small and medium-sized businesses, leveraging granular data for insights, with a diversified portfolio minimizing systemic risks.

Job Overview:

We seek an organized Reinsurance Excess of Loss Operations Specialist to manage our excess of loss reinsurance programs, ensuring efficient processing, reporting, and stakeholder coordination. The role involves claims, coverage verification, and contract management related to excess of loss reinsurance agreements.

Key Responsibilities:

Excess of Loss Treaty Management:

• Manage operational aspects of treaties, including tracking, documentation, and reporting.
• Maintain records of treaty terms, limits, and conditions for compliance.

Claims and Recoveries Handling:

• Coordinate claims processing, ensuring timely reporting and management of recoveries.
• Collaborate with internal teams and reinsurers, monitor claim reserves and settlements.

Data Management & Reporting:

• Provide accurate reports on premiums, claims, and recoveries.
• Validate and reconcile data between internal systems and reinsurer reports.
• Prepare periodic reports for stakeholders.

Contract Compliance and Administration:

• Assist with contract preparation and review, ensuring accuracy of terms.
• Resolve discrepancies related to treaty terms or data issues.

Process Improvement:

• Identify workflow improvements, automation opportunities.
• Implement best practices to enhance operational efficiency.

Stakeholder Coordination:

• Act as liaison between departments and reinsurers.
• Support brokers, reinsurers, and internal teams on reinsurance matters.

Qualifications:

• Bachelor’s in Business, Finance, Insurance, or related field.
• At least 7 years in reinsurance operations, focusing on excess of loss treaties.
• Strong knowledge of reinsurance contracts and operations.
• Experience with claims, recoveries, treaty management.
• Proficiency in reinsurance software and MS Office.
• Excellent communication, organization, and problem-solving skills.
• Ability to work independently and in a team.
• Attention to detail and data accuracy.
• Knowledge of industry regulations is a plus; Duck Creek Reinsurance system preferred.

Work-life balance: We promote flexible time off and prioritize health and well-being.

Health and wellness: We offer comprehensive health and dental benefits.

Remote work: Open to candidates in the U.S., Canada, and UK, with collaboration mostly in Eastern Time Zone mornings.

Travel: Occasional travel for team and client meetings to foster collaboration.