diff --git a/lib/sidekiq/processor.rb b/lib/sidekiq/processor.rb
index 44c80027..2730b8ca 100644
--- a/lib/sidekiq/processor.rb
+++ b/lib/sidekiq/processor.rb
@@ -119,9 +119,9 @@ module Sidekiq
       jobstr = work.job
       queue = work.queue_name
 
-      @reloader.call do
-        ack = false
-        begin
+      ack = false
+      begin
+        @reloader.call do
           job = Sidekiq.load_json(jobstr)
           klass  = job['class'.freeze].constantize
           worker = klass.new
@@ -137,17 +137,17 @@ module Sidekiq
             end
           end
           ack = true
-        rescue Sidekiq::Shutdown
-          # Had to force kill this job because it didn't finish
-          # within the timeout.  Don't acknowledge the work since
-          # we didn't properly finish it.
-          ack = false
-        rescue Exception => ex
-          handle_exception(ex, { :context => "Job raised exception", :job => job, :jobstr => jobstr })
-          raise
-        ensure
-          work.acknowledge if ack
         end
+      rescue Sidekiq::Shutdown
+        # Had to force kill this job because it didn't finish
+        # within the timeout.  Don't acknowledge the work since
+        # we didn't properly finish it.
+        ack = false
+      rescue Exception => ex
+        handle_exception(ex, { :context => "Job raised exception", :job => job, :jobstr => jobstr })
+        raise
+      ensure
+        work.acknowledge if ack
       end
     end
 
diff --git a/test/test_processor.rb b/test/test_processor.rb
index bb7d0690..012c86e2 100644
--- a/test/test_processor.rb
+++ b/test/test_processor.rb
@@ -65,6 +65,40 @@ class TestProcessor < Sidekiq::Test
       assert_equal [['myarg']], msg['args']
     end
 
+    describe 'exception handling' do
+      let(:errors) { [] }
+      let(:error_handler) { proc { |ex, _| errors << ex } }
+
+      before do
+        Sidekiq.error_handlers << error_handler
+      end
+
+      after do
+        Sidekiq.error_handlers.pop
+      end
+
+      it 'handles exceptions raised by the job' do
+        msg = Sidekiq.dump_json({ 'class' => MockWorker.to_s, 'args' => ['boom'] })
+        begin
+          @processor.process(work(msg))
+        rescue TestException
+        end
+        assert_equal 1, errors.count
+        assert_instance_of TestException, errors.first
+      end
+
+      it 'handles exceptions raised by the reloader' do
+        msg = Sidekiq.dump_json({ 'class' => MockWorker.to_s, 'args' => ['myarg'] })
+        @processor.instance_variable_set(:'@reloader', proc { raise TEST_EXCEPTION })
+        begin
+          @processor.process(work(msg))
+        rescue TestException
+        end
+        assert_equal 1, errors.count
+        assert_instance_of TestException, errors.first
+      end
+    end
+
     describe 'acknowledgement' do
       class ExceptionRaisingMiddleware
         def initialize(raise_before_yield, raise_after_yield, skip)