🎁 Before you apply, rehearse this interview. Create your free WorkMundi account and get an Interview Training on HelpsYouSpeak — no cost, no card. I want my training →
Job Description: Manage endtoend reinsurance and Broking Operations including system setup, sanctions checks, submissions, and facultative/treaty contract administration. Handle postbind activities such as cancellations, endorsements, and accurate calculation and booking of reinsurance premiums and bordereaux. Calculate and record contractual obligations including profit commission, premium adjustments, and noclaims bonuses, ensuring compliance with quarterly and annual instructions. Perform variance analysis of actual results against expectations and prior periods, while maintaining regular communication with customers and internal stakeholders. Lead teams through daily operations, query resolution, Lean process improvements, and structured training initiatives to enhance controls and performance. Experience on Bureau systems and LPAN creation knowledge will be an added advantage. - Responsibilities: Reinsurance Setup, Sanctions & Submission clearance in the system. - Facultative & Treaty Reinsurance Contract Management - Setting up & maintaining the reinsurance contract. - Post bind work like Cancellation/endorsement management. - Premium - Calculating and booking of reinsurance premiums and processing bordereaux in the system. - Calculating & booking of contractual obligations like Profit commission, Prem adjustments, No claims bonus etc. - Ensure the quarterly and yearly instructions are reviewed and incorporated. - Analysis of actual results compared with expectations, as well as prior periods. - Communicate with customer on day-to-day basis and internal stakeholder on regular basis - Team handling skills, daily query handling, feedback management to iron out the operational challenges and driving improvements (Lean) to bring better controls. - Exposure towards training methodology to drive effective training to bring desired result. - Qualifications: Graduate with at least fifteen (15) years of education in any discipline - 6+ Years of relevant experience Knowledge of UK and Lloyds Insurance market preferable - Capability to conduct an appraisal discussion and assess different levels of performance and potential - Capability to communicate with large teams - Appreciation of the domain needs of the process and its key drivers - Reasonable level of business perspective regarding the internal functioning of BPO and Suppliers organization - Valuable networking capability and client facing skills .