Reinsurance Operations Excess of Loss Manager

JR United Kingdom; Luton; Remote; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the insurance sector seeks a Reinsurance Operations Specialist to manage and support excess of loss reinsurance programs. The successful candidate will play a critical role in operational management, claims handling, and stakeholder coordination, ensuring compliance and efficiency within the team.

Benefits

Flexible time off

Health, dental, and wellness benefits

Remote work options

Opportunities for travel

Qualifications

• Minimum of 7 years of experience in reinsurance operations.
• Strong understanding of reinsurance contracts and operations.
• Proficient in reinsurance software and claims processing.

Responsibilities

• Administer excess of loss reinsurance treaties.
• Coordinate claims process with internal teams and reinsurers.
• Provide accurate reporting on transactions and ensure data accuracy.

Skills

Communication

Organizational Skills

Problem Solving

Attention to Detail

Education

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

Tools

Microsoft Office Suite

Duck Creek Reinsurance system

Job description

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Reinsurance Operations Excess of Loss Manager, luton, bedfordshire

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Client:

Accelerant

Location:

luton, bedfordshire, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

4

Posted:

31.05.2025

Expiry Date:

15.07.2025

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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:

Excess of Loss Treaty Management:

• Administer the operational aspects of excess of loss reinsurance treaties, including but not limited to tracking, documentation, and reporting.
• Maintain accurate records of all treaty terms, limits, and conditions to ensure compliance with the company's reinsurance arrangements.

Claims and Recoveries Handling:

• Coordinate the claims process for excess of loss programs, ensuring timely reporting and processing of claims.
• Work closely with internal teams (e.g., underwriting, claims) and external reinsurers to manage recoveries.
• Ensure compliance with treaty provisions, including monitoring and tracking claim reserves and settlement progress.

Data Management & Reporting:

• Provide accurate and timely reporting on excess of loss transactions, including premiums, claims, and recoveries.
• Perform regular data validation and reconciliation between internal systems and reinsurer reports to ensure data accuracy.
• Prepare monthly, quarterly, and annual reports for internal and external stakeholders.

Contract Compliance and Administration:

• Assist with the preparation and review of reinsurance contracts, ensuring all terms and conditions are accurately reflected.
• Support in the resolution of discrepancies or issues that arise from the interpretation of treaty terms or data inconsistencies.

Process Improvement:

• Continuously assess operational workflows and identify opportunities for improvement, automation, and efficiency in reinsurance processes.
• Collaborate with cross-functional teams to implement best practices and enhance the overall operational performance of the reinsurance function.

Stakeholder Coordination:

• Act as a liaison between various departments (e.g., underwriting, actuarial, finance) and external reinsurers.
• Provide expertise and support to brokers, reinsurers, and internal teams regarding excess of loss reinsurance matters.

Qualifications:

• Bachelor’s degree in Business, Finance, Insurance, or a related field.
• Minimum of 7 years of experience in reinsurance operations, with a focus on excess of loss treaties.
• Strong understanding of reinsurance contracts, terminology, and operations.
• Experience with claims processing, recoveries, and treaty management.
• Proficiency in using reinsurance software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Excellent communication, organizational, and problem-solving skills.
• Ability to work independently and as part of a team in a fast-paced environment.
• Strong attention to detail and a commitment to maintaining data accuracy.
• Knowledge of industry regulations and standards is a plus.
• Knowledge of Duck Creek Reinsurance system preferred

Work-life balance: We believe that taking time to rest and recharge makes us all better. That’s why we offer flexible time off and encourage our team to take the time they need to prioritize their health and well-being.

Health and wellness: We offer high-quality health, dental, and other benefits to ensure our team members have access to the care they need.

Remote work: Work where you’re most productive and fulfilled. This position is open to remote candidates across the U.S. Canada, and UK, who have the flexibility to work with our teams distributed across Europe and North America. Most cross-team collaboration happens in the mornings of the Eastern Time Zone.

Travel: We value face-to-face connections and believe that in-person interactions can enhance collaboration and build stronger relationships. Travel could be a small part of your role, with opportunities to connect with your team and our members in person.