Outwards Reinsurance Manager

Overview

In this role you will manage the end-to-end outwards reinsurance function within a Lloyd’s market environment, ensuring robust controls, accurate financial reporting, and governance. You will work closely with underwriting, finance, actuarial, claims and external partners to drive technical expertise, oversee day-to-day operations, and lead initiatives to improve processes and systems. The role focuses on reinsurance programmes, settlements, bordereaux, and data integrity, with a strong emphasis on risk management and regulatory compliance. You will shape the efficiency and scalability of reinsurance operations while maintaining high standards of contract certainty and stakeholder engagement

Responsibilities

• Manage end-to-end delivery of outwards reinsurance operations
• Oversee bordereaux production and submissions
• Maintain reinsurance contract setup, validation and ongoing system administration
• Manage reinsurance settlements, cash processing and reconciliations
• Monitor and resolve reinsurance claims recoveries
• Ensure data accuracy, completeness and documentation across reinsurance activities
• Prepare and oversee premium, recovery and profit commission calculations
• Reconcile ceded balances and support financial close activities
• Produce reinsurance financial reporting, MI, cash flow and P&L analysis
• Support finance and actuarial with reserving and regulatory reporting
• Develop and maintain robust controls across reinsurance processes
• Ensure compliance with internal policies, Lloyd’s requirements and regulatory standards
• Audit liaison as primary contact
• Maintain governance over contract certainty, approvals and documentation
• Oversee collection of recoveries and settlement of ceded balances
• Monitor aged debt and drive timely resolution
• Track reinsurer exposures and settlement performance
• Coordinate activities across underwriting, finance, actuarial, claims and operations
• Build relationships with brokers and reinsurers
• Provide technical guidance on operations, reporting and controls
• Lead improvements to reinsurance systems and processes
• Support system implementation, testing and configuration
• Identify opportunities to improve efficiency, control and scalability
• Support underwriting with implementation of the outwards reinsurance programme
• Analyse programme performance, recoverability, exposure and cost effectiveness
• Assist with renewal planning, analysis and broker engagement

Key requirements

• Significant experience in outwards reinsurance within the Lloyd’s insurance market
• Strong technical knowledge of reinsurance operations, accounting principles and contract structures
• Experience using reinsurance administration systems (e.g. XLPro or equivalent)
• Strong financial reporting, reconciliation and analytical skills
• Thorough understanding of audit, governance and regulatory requirements
• Proven ability to manage end-to-end operational delivery with high attention to detail
• Experience working with underwriting, finance, actuarial and claims functions
• Excellent stakeholder management and communication skills
• Proven ability to improve processes, systems and controls

• stakeholder management
• communication
• collaboration
• reinsurance operations
• contract structures
• reinsurance administration systems (e.g. XLPro)

…