The Ceded Reinsurance Associate is responsible for managing the company’s reinsurance relationships and the reinsurance agreements. This position involves coordinating with brokers, reinsurers, and internal departments to ensure accurate contracts, reinsurance accounting, reporting, and claims handling. The associate will play a key role in preparing information to reinsurers and placing treaties to optimize the reinsurance strategy while ensuring compliance with regulatory requirements.
Responsibilities
- Assist in managing the reinsurance treaties placement following the company policy and procedures and manage the treaties life cycle, to include but not limited to: Prepare the submission information to markets; Support the negotiation and meeting with reinsurers/brokers to introduce Accelerant business model; Analyse quoted terms from markets; Review reinsurance contracts/endorsements and liaise with legal.
- Maintain accurate records of reinsurance contracts, endorsements, and correspondence.
- Prepare internal reports and papers for board/committee that includes the reinsurance terms and conditions.
- Assist in the preparation of reinsurance data for external audits, SOX controls and regulatory submissions.
- Partner with our intermediaries to manage treaty related tasks. The role will require close relations with our internal customers and colleagues in Underwriting, Finance, Actuarial, Legal and Claims.
- Attend regular meetings to explain reinsurance coverage and application to business. Ensure understanding of how placements interact with various lines of business ceding entities.
Skills and Experience
- Bachelor’s degree.
- Minimum of 5 years of experience in Reinsurance. Experience in Ceded Reinsurance is highly desirable.
- Proficiency in MS office skills (excel, word and PowerPoint).
- Understanding of reinsurance structures (e.g., proportional, non-proportional, facultative), and ceded reinsurance processes.
- Strong analytical skills and attention to detail.
- Ability to work independently and within a virtual team in a fast-paced environment.
- Excellent verbal and written communication, collaboration both in person and virtual.
- Strong organizational skills with the ability to prioritize multiple tasks.
Enjoy our comprehensive benefits package designed to meet your diverse needs and support your well-being:
- 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 US, UK and Europe 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.
About Accelerant:
Accelerant is a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers. Accelerant was founded in 2018 by a group of longtime insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged – so that it works better, for everyone. The Accelerant risk exchange does business across more than 20 different countries and 250 specialty products, and we are proud that our insurers have been awarded an AM Best A- (Excellent) rating. For more information, please visit www.accelerant.ai.
