Job Description: EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect.
We are headquartered in New York and have more than 60,000 employees spanning six continents. For more information, visit www.exlservice.com .
Role Title: Ceded Re Junior Analyst
BU/Segment: Analytics / Data / Insurance
Location: London, United Kingdom (3 days a week in the office)
Employment Type: Permanent
Experience: 3 years
Job Summary
We are seeking a Ceded Reinsurance Analyst with around 3 years of experience to support the design, placement and administration of ceded reinsurance programmes. Working closely with Placement Officers and cross-functional teams including Underwriting, Actuarial, Claims, Analytics, Legal, Operations, Brokers and Reinsurers, you will contribute to portfolio optimisation, risk management and successful reinsurance renewals.
This role is well suited to someone with strong analytical skills, excellent attention to detail, the ability to manage large datasets, and a desire to develop their expertise within the reinsurance market.
As part of your duties, you will be responsible for:
- Approximately 3 years' experience within reinsurance, insurance, or the London Market, ideally with exposure to ceded reinsurance.
- Strong analytical skills with the ability to manipulate and interpret large datasets to produce meaningful insights and recommendations.
- Good quantitative and qualitative analysis skills with excellent attention to detail.
- Strong Microsoft Excel skills. Experience with data analysis and reporting tools is advantageous.
- An interest in developing a strong understanding of the reinsurance market, including contract wordings, market trends and placement processes.
- Excellent verbal and written communication skills, with the ability to build effective relationships across a range of internal and external stakeholders.
- Strong organisational skills with the ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- A collaborative team player who is proactive, willing to share knowledge and continuously improve processes.
- Good negotiation and stakeholder management skills.
- High level of accuracy, professionalism and personal accountability.
Qualifications and experience we consider to be essential for the role
- Experience working within the London Market or a specialty insurance environment.
- Exposure to ceded reinsurance placements, treaty or facultative reinsurance.
- Familiarity with reinsurance concepts, contract structures and policy wordings.
- Experience preparing submission packs, renewal documentation and management information (MI).
- Experience maintaining reinsurance data and systems of record.
- Experience working with brokers, underwriters and cross-functional teams including Actuarial, Claims, Operations or Analytics.
- Exposure to process improvement initiatives, automation or technology-driven projects.
- Intermediate to advanced Microsoft Excel skills, including PivotTables, Power Query and data analysis.
- Experience using reporting or data visualisation tools such as Power BI or Tableau is advantageous.
- Progress towards a relevant insurance or risk management qualification is desirable.
As part of a leading global analytics and digital solutions company, you can look forward to:
- A competitive salary with a generous bonus, private healthcare, critical illness life assurance at 4 x your annual salary, income protection insurance, and a rewarding pension.
- EXL provides everyday financial well-being solutions, such as cash back cards, in which you can earn cashback while enjoying discounts, promotions, and offers from top retailers. We also offer a Cycle Scheme where you can save money on bikes and cycling accessories.
- At EXL , we are committed to providing our employees with the tools and resources they need to succeed and excel in their careers. We offer a wide range of professional and personal development opportunities. We also support a range of learning initiatives that allow our employees to build on their existing skills and knowledge. From online courses to seminars and workshops, our employees can enhance their skills and stay up to date with the latest trends and technologies.
- As an Equal Opportunity Employer, EXL is committed to diversity. Our company does not discriminate based on race, religion, colour, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, age, or disability status.
- EXL employees are eligible to purchase stock as part of our Employee Stock Purchase Plan (ESPP).
- At EXL , we offer a flexible hybrid working model that allows employees to live a balanced, healthy lifestyle while strengthening our culture of collaboration.
To be considered for this role, you must already be eligible to work in the United Kingdom.
