At a Glance
- Tasks: Manage reinsurance relationships and agreements while coordinating with brokers and internal teams.
- Company: Join Accelerant, a data-driven risk exchange revolutionizing specialty insurance since 2018.
- Benefits: Enjoy flexible time off, high-quality health benefits, and remote work options across the US, UK, and Europe.
- Why this job: Be part of a dynamic team optimizing reinsurance strategies in a fast-paced, collaborative environment.
- Qualifications: Bachelor’s degree and 5 years of reinsurance experience; strong analytical and communication skills required.
- Other info: Opportunity for travel to enhance team connections and collaboration.
The predicted salary is between 43200 - 72000 £ per year.
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 .
Ceded Reinsurance Associate employer: Accelerant
Contact Detail:
Accelerant Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ceded Reinsurance Associate
✨Tip Number 1
Familiarize yourself with the specific reinsurance structures mentioned in the job description, such as proportional and non-proportional. Understanding these concepts will help you engage more effectively during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those who have experience with ceded reinsurance. Attend industry events or join relevant online forums to build connections that could lead to valuable insights and potential referrals.
✨Tip Number 3
Prepare to discuss your analytical skills and how you've applied them in previous roles. Be ready to provide examples of how you've managed reinsurance agreements or handled complex data, as this will be crucial for the role.
✨Tip Number 4
Since the position involves collaboration with various internal departments, think about how you can showcase your teamwork and communication skills. Prepare anecdotes that highlight your ability to work independently and within a virtual team environment.
We think you need these skills to ace Ceded Reinsurance Associate
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Ceded Reinsurance Associate. Familiarize yourself with reinsurance agreements, treaty placements, and the specific skills required for the position.
Tailor Your CV: Customize your CV to highlight relevant experience in reinsurance, particularly in ceded reinsurance. Emphasize your analytical skills, attention to detail, and any experience with MS Office tools, especially Excel.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of the reinsurance industry and your ability to manage relationships with brokers and reinsurers. Mention specific examples from your past experience that demonstrate your qualifications.
Highlight Collaboration Skills: Since the role requires close collaboration with various internal departments, be sure to mention your teamwork and communication skills. Provide examples of how you've successfully worked in a team environment, both in-person and virtually.
How to prepare for a job interview at Accelerant
✨Understand Reinsurance Structures
Make sure you have a solid grasp of different reinsurance structures such as proportional, non-proportional, and facultative. Being able to discuss these concepts confidently will demonstrate your expertise and understanding of the industry.
✨Prepare for Negotiation Scenarios
Since the role involves negotiating with reinsurers and brokers, practice articulating your thoughts on how to introduce the Accelerant business model. Prepare examples of how you would handle negotiations and what strategies you would employ.
✨Showcase Your Analytical Skills
Be ready to discuss your analytical skills and provide examples of how you've used them in past roles. Highlight any experience you have with analyzing quoted terms from markets or reviewing reinsurance contracts.
✨Emphasize Collaboration Experience
This position requires close collaboration with various internal departments. Be prepared to share examples of how you've successfully worked with teams in Underwriting, Finance, Actuarial, Legal, and Claims, especially in a virtual environment.