Job Description

Job Category: Finance & Accounting
:
Manage end-to-end reinsurance operations including system setup, sanctions checks, submissions, and facultative/treaty contract administration.
Handle post-bind 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 no-claims 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.

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
• 4+ years of experience for AM and 7+ Years of experience for LAM
• Knowledge of UK Insurance industry preferable
• Experience in Open Co 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 Supplier's organization
• Good networking capability and client facing skills

About Us:
EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for 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 54,000 employees spanning six continents. For more information, visit .
EXL never requires or asks for fees/payments or credit card or bank details during any phase of the recruitment or hiring process and has not authorized any agencies or partners to collect any fee or payment from prospective candidates. EXL will only extend a job offer after a candidate has gone through a formal interview process with members of EXL's Human Resources team, as well as our hiring managers.
About the Team: EXL is the indispensable partner for leading businesses in data-led industries such as insurance, banking and financial services, healthcare, retail and logistics. We bring a unique combination of data, advanced analytics, digital technology and industry expertise to help our clients turn data into insights, streamline operations, improve customer experience, and transform their business. Our partnerships with clients are built on a foundation of collaboration - and we've been chosen as a partner by nine of the top ten leading US insurance companies, nine of the top 20 global banks, and six of the top ten US health care payers. We function as one team to make your goals our goals, whether that's unlocking the value of generative AI or embedding analytics into workflows that reduce risk or power your growth. Clients choose EXL as their transformation partner for many reasons. Our geographic diversity make talent all over the world instantly accessible. Digital accelerators enable unmatched speed-to-value, letting you realize results fast. It's our people that truly set us apart, though, including the 1,500 data scientists we have dedicated to our generative AI practice. And our more than twenty years of experience in delivering business services, garnering stellar client references, and maintaining a solid balance sheet are reassuring to our C-suite clients. Find out for yourself why clients, employees, and analysts think we're some of the best in the business. Contact us to see how we can help you achieve your goals.

Skills Required