Outwards Reinsurance Placement Manager - UK in London

About us

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The role

Supports the global Outwards Reinsurance business with ensuring an effective and efficient Outward Reinsurance function.Supports the Group Head of Outward Reinsurance and others in the development of reinsurance strategy to effectively redistribute underwriting risk as required by the business plan demonstrating collaboration, awareness and understanding of various departments involved in the reinsurance process, including Underwriting, Finance, Actuarial, Claims, Legal and others as appropriate to deliver on critical outward reinsurance activities. Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key accountabilities

• Contributes to and ensures delivery of Outwards Reinsurance strategy through operational deliverables to achieve positive results for the business in line with strategy
• Manages the placement of Aspen’s outwards reinsurance program as directed by the Group Head of Outwards Reinsurance with focus on property, casualty, and specialty lines
• Assists in the creation and execution of effective planning, control, and support mechanisms to ensure delivery of the business plan in line with market and shareholder expectations
• Manage reinsurer interaction with Aspen’s underwriter teams during presentations, audits, file reviews and the like.
• Where applicable ensure company, market and client related documentation is issued (internally and externally) accurately and on time.
• Comply with external and internal regulatory and statutory policies, procedures, and regulations.
• Identifies and executes process improvements across the team, department and/or business unit for assigned areas of responsibility
• Liaise with Outwards Reinsurance Operations, Accounting and Underwriting to ensure all accounting and administration process requirements are accurately interpreted
• Liaise with underwriting teams to obtain and prepare timely and effective reinsurance narratives and presentations sufficient to obtain market leading reinsurance support and solutions.
• To operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives.
• Develop and maintain productive relationships with Underwriting, Claims, Actuarial, Information Technology, Project Management, and other Finance areas
• Develop relationships for servicing our capital partners, underwriting teams, the outwards placement team, and other internal stakeholders.
• Work with the Group Head of Outwards Reinsurance, CRO, actuarial teams and underwriting teams to assess the benefits of different structures both before and during placement.
• Develop relationships with external clients and stakeholders responding to changing market conditions to ensure the reinsurance strategy remains optimal.
• Develop relationships with Aspen’s significant reinsurance partners and brokers to facilitate high service levels
• Responsibility to support internal stakeholders and capital partners with standard and bespoke reporting
• Liaise with underwriting teams to obtain and prepare timely and effective reinsurance narratives and presentations sufficient to obtain market leading reinsurance support and solutions.

Skills & experience

• Extensive and relevant underwriting and reinsurance knowledge
• Extensive reinsurance contract wording knowledge
• Knowledge of business processes and strategic planning
• Good working knowledge of company systems and how technology can be leveraged to improve performance
• Extensive knowledge and understanding of financial and underwriting principles to assess risk
• Thorough understanding of Aspen’s Underwriting strategy and how this translates into operational targets and delivery
• Strong data management skill including advanced data interrogation using Microsoft Excel
• Strong reinsurance analytical skills
• Excellent interpersonal and communication skills
• Ability to look long term while balancing immediate term accounting and operational realities
• Able to manage conflicting priorities to achieve deadlines
• Able to plan effectively and efficiently
• Strong customer orientation skills
• Ability to collaborate effectively within a team environment across the Group
• Ability to negotiate, persuade and influence both directly and indirectly
• Strong reasoning capabilities – creative and lateral thinking, with strong problem-solving-skills
• 10 years plus underwriting, insurance, and reinsurance experience
• Knowledge and full understanding of main vendor model catastrophe modelling output
• Reinsurance buyer / seller with focus on property
• Professional qualifications (+ broad business qualifications) at a level of degree or equivalent qualification
• Track record of success
• Reputable experience in the marketplace
• Experience of working with Brokers/Reinsurers at a senior level

Other

We're committed to making Aspen a great place to work, where you're rewarded and recognised for your efforts. As well as your pay and discretionary performance related bonus, you'll also enjoy a huge range of benefits. There are plenty of options available with our exciting benefits package, designed for your health, your family and to help ensure that you enjoy the most from your lifestyle.