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- Tasks: Manage reinsurance placements, conduct market research, and prepare executive presentations.
- Company: Join Liberty Specialty Markets, a leading global insurer with a focus on people and innovation.
- Benefits: Enjoy a vibrant work environment, flexible hours, and career development opportunities.
- Why this job: Be part of a supportive culture that values diversity and collaboration for better decision-making.
- Qualifications: Strong analytical skills, effective communication, and a deep understanding of insurance products required.
- Other info: Opportunity to lead projects and mentor less experienced staff in a dynamic team.
The predicted salary is between 43200 - 72000 £ per year.
Country: United Kingdom of Great Britain and Northern Ireland
Creation Date: 07-Feb-2025
Employment Type: Permanent, Full time
Ref #: 1234571416
About the Role:
As the Specialty Treaty Manager, you will be responsible for supporting the Global Reinsurance Specialty placement process, including preparing reinsurance submissions, designing/analysing/evaluating reinsurance structures, and developing marketing materials. The Specialty Treaty Manager will perform general market research and analysis on LMI’s insurance portfolio(s) to develop/support reinsurance placement terms and conditions. You will work closely with leaders in the Strategic Business divisions, Corporate Finance, Legal, Exposure Management, Brokers, and Reinsurers.
About the Department & Team:
The role forms part of the Global Internal Re Underwriting team, reporting through Global Reinsurance in the Corporate Finance Comptroller Group. This department manages the internal reinsurance portfolio of P&C and Specialty lines, underwriting affiliated Liberty Group companies’ treaties on behalf of Group or SBU Reinsurance vehicles as part of the Global Reinsurance Strategy. The role will also act cross-functional across first and third-party treaties on a global basis.
Key Responsibilities:
- Support the analysis, design, and execution of internal and external reinsurance placements through collaboration with internal groups and external brokers.
- Conduct market research and analyses financial and strategic merits of insurance and reinsurance strategic opportunities.
- Prepare executive presentations describing the structure, strategic fit, and potential financial impact of various opportunities.
- Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance.
- Underwrite internal reinsurance treaties in accordance with the business plan and personal authority to meet business objectives.
- Negotiate rates, terms, and conditions for existing and new business.
- Ensure compliance with the production and issue of documentation in accordance with contract certainty requirements.
- Adhere to all applicable internal and external laws, regulations, policies, procedures, and guidance.
- Lead projects of moderate to high scope and complexity.
- Communicate project opportunities and constraints to management while monitoring project status.
- Assist in the project management of reinsurance transactions and other opportunities, including structuring, risk and financial analysis, and marketing.
- Establish broker and reinsurer relationships to align interests and opportunities across the firms.
- Find opportunities to improve processes, controls, data management, and strategies.
- Provide support and mentorship to internal departments regarding reinsurance audits, accounting matters, and compliance.
- Work under limited direction from manager on more complex tasks and provide guidance to less experienced staff.
- Adhere to all relevant regulatory requirements and demonstrate behaviours as set out in the Conduct Risk Policy.
Skills and Experience:
- Deep understanding of the risk characteristics of insurance and reinsurance products.
- Proven understanding of basic financial concepts and metrics.
- Effective communication skills for writing reports/proposals and making presentations.
- Ability to work independently and lead others during projects.
- Strong problem-solving, analytical, and critical thinking skills.
- Numeracy and literacy skills.
- Interpersonal and communication skills, including relationship management.
- Ability to analyse and use data for decision making.
- Use of risk profiling and pricing tools and catastrophe models (preferred but not essential).
About Liberty Specialty Markets (LSM):
Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets. Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI).
- Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives helps us make better decisions, deliver innovative solutions and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
Senior Treaty Manager - Specialty employer: Liberty Specialty Markets
Contact Detail:
Liberty Specialty Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Treaty Manager - Specialty
✨Tip Number 1
Network with professionals in the reinsurance industry, especially those who work in specialty treaty management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific reinsurance products and market dynamics relevant to Liberty Specialty Markets. Understanding their unique offerings will help you demonstrate your knowledge during interviews and discussions.
✨Tip Number 3
Prepare to discuss your experience with market research and financial analysis. Be ready to provide examples of how you've successfully supported reinsurance placements or negotiated terms in previous roles.
✨Tip Number 4
Showcase your ability to lead projects and mentor others. Highlight any past experiences where you've taken charge of complex tasks or guided less experienced team members, as this aligns with the responsibilities of the Senior Treaty Manager role.
We think you need these skills to ace Senior Treaty Manager - Specialty
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of a Senior Treaty Manager. Focus on your expertise in reinsurance, market analysis, and project management.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the insurance and reinsurance industry. Mention specific examples of how you've successfully managed projects or negotiated terms in previous roles.
Highlight Key Skills: Emphasise your analytical, problem-solving, and communication skills in your application. These are crucial for the role, so provide examples of how you've used these skills effectively in past positions.
Showcase Your Knowledge of Market Dynamics: Demonstrate your awareness of current market trends and cycles in your application. This could involve mentioning recent developments in the reinsurance sector and how they might impact the role you're applying for.
How to prepare for a job interview at Liberty Specialty Markets
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Senior Treaty Manager position. Familiarise yourself with the responsibilities, such as preparing reinsurance submissions and conducting market research. This will help you articulate how your skills align with the role.
✨Showcase Your Analytical Skills
Given the emphasis on analysis in this role, be prepared to discuss your experience with financial metrics and strategic opportunities. Bring examples of past projects where your analytical skills made a significant impact, especially in reinsurance placements.
✨Demonstrate Effective Communication
As communication is key in this role, practice explaining complex concepts clearly and concisely. Be ready to present your ideas confidently, as you may need to prepare executive presentations during your tenure.
✨Build Rapport with Interviewers
Since relationship management is crucial for this position, focus on building rapport with your interviewers. Show genuine interest in their experiences and insights about the company, which can help you establish a connection and demonstrate your interpersonal skills.
