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For Companies At a Glance
- Tasks: Lead reinsurance contract documentation and support business growth through client interactions.
- Company: Join Aon, a global leader in risk management and insurance solutions.
- Benefits: Enjoy flexible working options, wellbeing days, and a culture of continuous learning.
- Why this job: Be part of an inclusive team that shapes better decisions for clients worldwide.
- Qualifications: 12+ years in insurance/reinsurance with strong contract drafting skills required.
- Other info: Aon values diversity and provides equal opportunities for all applicants.
The predicted salary is between 72000 - 108000 £ per year.
As part of Aon's Reinsurance Solutions team, you will be responsible for preparing, reviewing and finalizing formal documentation memorializing terms and conditions applicable to treaty reinsurance arrangements. You will be challenged to learn and remain well informed of industry terms and conditions, as well as trends and regulations to remain driven. Aon is in the business of better decisions. At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
- Participate in client, reinsurer and broker team meetings, and have an active support role in the growth of our business.
- Bring quick comprehension of reinsurance structures and intent to the role to assist broker and client services teams with design and interpretation of contract language addressing complex coverage designs and potential loss scenarios.
- Partner with broker team to answer client and reinsurer questions about contract language during the negotiation phase of reinsurance placement and to actively participate in internal and external discussions to clarify wording provisions.
- Participate in Request for Proposal (RFP) and sales presentations by reviewing competitor wordings and recommending coverage and wording enhancements in order to drive business growth.
- Contribute to client training sessions and the development of material disseminated to brokers and/or clients regarding contract wording trends and potential enhancements for clients to consider.
- Develop a detailed understanding of changing insurance and risk management market conditions and keep clients and account executives updated of developments affecting various types of products by acting as an expert on reinsurance topics and providing recommendations relating to contract wording.
- Support the development of training materials and deliver technical trainings.
- Capability to work efficiently and independently, learn quickly, prioritize, and meet internal goals while remaining analytical and thorough.
- Support multiline reinsurance business for Global and UK clients.
Required Skills/Education
- Minimum 12 years of relevant experience in insurance or reinsurance as a lawyer/attorney or as contract/policy specialist preferably with a focus on reinsurance structures and drafting/interpreting treaty wordings for domestic and/or global placements.
Desired Skills
- Intuition for business with the ability to effectively drive the business forward with a thoughtful, proactive, and practical approach.
- Good primary insurance coverage knowledge.
- Experience with Casualty lines.
- Strategic and analytical problem solver, including basic math proficiency and proven problem-solving skills.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well. Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email.
Managing Director, Reinsurance Contracts employer: LGBT Great
Contact Detail:
LGBT Great Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Managing Director, Reinsurance Contracts
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the reinsurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to staying informed and proactive in your role.
✨Tip Number 2
Network with professionals in the reinsurance field, especially those who have experience in treaty wordings and contract negotiations. Building these connections can provide valuable insights and potentially lead to referrals for the Managing Director position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully navigated complex reinsurance contracts in the past. Highlighting your analytical skills and problem-solving abilities will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to work collaboratively by discussing experiences where you've partnered with teams to enhance business growth. Aon values teamwork, so demonstrating your collaborative spirit will resonate well with the hiring team.
We think you need these skills to ace Managing Director, Reinsurance Contracts
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Managing Director position. Familiarise yourself with reinsurance terms, treaty structures, and the specific skills Aon is looking for.
Tailor Your CV: Craft your CV to highlight relevant experience in insurance or reinsurance, particularly focusing on your expertise in drafting and interpreting treaty wordings. Use specific examples that demonstrate your analytical skills and problem-solving abilities.
Write a Compelling Cover Letter: In your cover letter, express your passion for the reinsurance industry and how your background aligns with Aon's mission. Mention your understanding of market trends and your proactive approach to driving business growth.
Showcase Your Communication Skills: Since the role involves participating in meetings and training sessions, emphasise your communication skills in both your CV and cover letter. Provide examples of how you've effectively communicated complex information to clients or colleagues in the past.
How to prepare for a job interview at LGBT Great
✨Know Your Reinsurance Structures
Make sure you have a solid understanding of reinsurance structures and treaty wordings. Brush up on the latest trends and regulations in the industry, as this knowledge will be crucial during discussions and negotiations.
✨Prepare for Client Interactions
Since you'll be participating in client and reinsurer meetings, practice articulating complex contract language clearly. Be ready to answer questions and provide insights that demonstrate your expertise and ability to support business growth.
✨Showcase Your Problem-Solving Skills
Be prepared to discuss specific examples where you've successfully navigated complex coverage designs or resolved issues related to contract wording. Highlight your analytical skills and strategic thinking during the interview.
✨Emphasise Your Collaborative Spirit
Aon values teamwork, so be ready to share experiences where you've worked effectively with brokers, clients, or internal teams. Demonstrating your ability to collaborate and contribute to a positive team environment will set you apart.
