AVP, Transaction Operations in Glasgow

Job Description Introduction

At Artex, we reimagine what risk management can be and we do it with bold thinking, deep expertise, and an unwavering belief in what’s possible. As part of our global team, you’ll help clients navigate complex risks through creative, forward-looking solutions that go beyond the expected. This is a place where innovation is encouraged, ideas are welcomed, and no two days look the same. We’re a community of confidently curious problem-solvers, opportunity seizers, and collaborative thinkers, working together to challenge convention and shape the future of our industry. Here, you’ll be supported to explore your potential, grow your expertise, and make a meaningful impact on a global scale.

Overview

The Assistant Vice President, Transaction Operations will report directly to the Vice President, Transaction Operations within Artex Capital Solutions and will have responsibility for onboarding and day-to-day operational aspects of a large, sophisticated reinsurance portfolio comprising London based Insurance Linked Securities companies and protected cell companies (notably London Bridge Risk and London Bridge 2), Lloyd’s Members (or DCPs) and Bermuda vehicles. The role encompasses all aspects of transaction onboarding, reinsurance contract administration, management of Funds at Lloyd’s/collateral, investor and management reporting and project management.
How you'll make an impact

Contribute to a team of Transaction Operations professionals providing onboarding and day-to-day operational aspects for large, sophisticated reinsurance portfolio comprising London based Insurance Linked Securities companies and protected cell companies (notably London Bridge Risk and London Bridge 2), Lloyd’s Members (or DCPs) and Bermuda vehicles, including the supervision, oversight and training of direct reports.
Contribute to the establishment, maintenance and enhancement of investor, reinsurance trustee and broker relationships.
Contribute to the provision of and strive to constantly improve the structure and quality of reporting to investors and Artex leadership by providing accurate and timely information, leveraging Artex and third-party systems.
Ensure prompt drafting, review, execution and recording in Artex systems of reinsurance, trust and shareholder agreements, including all aspects of reinsurance agreement execution, endorsement, commutation and novation.
Liaise with appropriate internal and external stakeholders such as Artex Financial Reporting, Business Development and Compliance teams, brokers and investors to ensure smooth deal flow.
Document, maintain and support the ongoing refreshment of Underwriting Guidelines, Processes and Procedures.
Review reinsurance agreement language in line with regulatory requirements, coordinating with brokers and reinsureds as required and oversee trust opening, collateral investment, maintenance, ongoing reporting and account closing processes.
Ensure trust/custody account (including with Funds at Lloyd’s) withdrawal/top up processes are executed promptly and payments made in a smooth, timely manner to investors and/or beneficiaries.
Participate in Business Transformation projects as directed by the EVP, Director, Insurance Management Services
Strive for the highest quality of client service; promptly identifying, escalating and resolving any issues, as required.
About you

A minimum of 5 years’ experience in the Re/Insurance industry (preferably Lloyd’s market), preferably in the areas of onboarding, operations, capital management, underwriting, broking, collateral management/treasury, or technical accounting.
University degree and/or Reinsurance designation preferred (CPCU, ARe, ACII or other equivalent professional designations preferred). A professional STEP qualification (TEP designation) would also be considered.
Experience in Lloyd’s market capital administration.
Excellent, professional written and verbal communications skills in client service environment.
Strong organizational skills and attention to detail and ability to produce accurate and complete work to meet tight deadlines.
Enthusiastic and strongly motivated self-starter.
Ability to work independently and collaborate with colleagues within and across departments.
Proficient in Microsoft Office Suite with working knowledge of reporting tools such as Power BI or Business Objects is beneficial. Prior experience with onboarding, underwriting or policy management systems would be beneficial.
Compensation and benefits

At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page. - Competitive compensation - Comprehensive benefits programs designed to support your well-being - Career development opportunities and on