Ceded Reinsurance Manager

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.

This role will be based in London, UK and you are required to have the necessary right to work details prior to application.

This role is responsible for leading key aspects of global ceded reinsurance accounting, including financial close, reporting, analysis, reconciliations, and oversight of recoverables/payables. The position partners closely with Finance, underwriting, claims, brokers, and external parties to support accurate financial reporting on a GAAP, Statutory, Lloyd’s, and management basis, while also driving process discipline, staff development, and continuous improvement.

Reporting Relationships

• Reports directly to Assistant Director Reinsurance Accounting.

• Works in close co-operation with team colleagues in both UK and US.

• Will take an active role in mentoring and developing members of the team.

• Continue to develop and maintain relationships with multiple functions across the business including Actuarial, Finance, Underwriting and Claims to continue to add value to our BAU tasks.

Job Responsibilities & Competence

• Supervise, coach, and develop 1 Senior Accountant and 1 Staff Accountant, including work allocation, review of deliverables, training, and performance support to ensure timely and accurate results.

• Prepare and review quarterly ceded reinsurance underwriting results and related analysis for internal and external reporting across GAAP, Statutory, Lloyd’s, and management reporting bases.

• Perform and oversee balance sheet reconciliations, account analytics, and fluctuation analysis for global ceded reinsurance accounts to support an effective and controlled close process.

• Review and approve monthly and quarterly journal entries related to ceded reinsurance, ensuring completeness, accuracy, appropriate support, and compliance with internal controls and accounting policies.

• Review excess of loss, facultative, and proportional reinsurance calculations, entries, billings, and supporting documentation to ensure contractual compliance and accurate financial reporting.

• Monitor reinsurance recoverables and pursue collections for assigned balances, partnering with brokers, claims, and counterparties to resolve aged items, discrepancies, and settlement issues.

• Supervise the calculation, booking, billing, and collection of ceded profit commissions and sliding scale commissions, including analysis of results and resolution of calculation differences.

• Support internal and external audit requests, maintain documentation standards, and contribute to a strong control environment through clear procedures, review practices, and issue follow-up.

• Lead and contribute to ad hoc reporting, process improvement initiatives, and special projects that enhance reporting quality, efficiency, automation, and business insight.

Qualifications and Capabilities

• Bachelor’s degree in Accounting, Finance, Insurance, or a related discipline required.

• 5 to 10 years of relevant ceded reinsurance accounting experience, preferably within a complex insurance or reinsurance environment.

• Experience preparing or supporting financial results and reporting under GAAP, Statutory, management reporting, and, ideally, Lloyd’s reporting requirements.

• Advanced proficiency in Microsoft Office applications, particularly Excel, with strong capability in data analysis, reconciliations, and reporting.

• Prior experience with Lloyd’s Syndicate reporting and Subscribe/LORS processes is strongly preferred.

• Experience supervising staff, reviewing work product, and supporting a controlled month-end or quarter-end close process is preferred.

• Demonstrated ability to work effectively across functions, manage sensitive financial information, and maintain a high standard of professionalism and accountability.

Experience

• Experience in the reinsurance sector is highly desirable

• Strong understanding of insurance and reinsurance principles, with excellent customer service and communication skills.

• Strong analytical and organisational skills.

• Ability to work effectively as part of the Ceded Reinsurance Team as well as with other key stakeholders across different functions within the organisation.

• Ability to work under pressure and handle a varied, fluctuating workload.