At a Glance
- Tasks: Lead the placement of bespoke reinsurance contracts and support analytical projects.
- Company: Join a leading Specialty Reinsurer in a dynamic London team.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Collaborative environment with opportunities to work across various insurance lines.
- Why this job: Make an impact in the reinsurance industry with innovative projects and strong market relationships.
- Qualifications: University degree in a numerate field and 5-10 years of relevant experience.
The predicted salary is between 60000 - 80000 £ per year.
About us Avencia Talent Solutions are exclusively working with a leading Specialty Reinsurer who have a newly created position for a Ceded Re Placement Specialist to join their London team!
The role will be an essential part of the Ceded Reinsurance Placement & Analytics team, reporting to the Head of Ceded Reinsurance Placement. The Placement Specialist's role is to support and help lead the wider Ceded Reinsurance team in pre- and post-placement analysis and placement of the group's Bespoke and Specialty (B&S) Ceded reinsurance program including the full spectrum of Specialty Lines (Marine, Energy, Terror, Aviation and Whole Account) but with lots of opportunity to also work on Property, Credit, Casualty and Retro. The role will also encompass responsibility for placement of the Groups Lloyds Consortia Programs, across a variety of Lines of Business.
The incumbent is expected to possess a strong level of insurance systems and data knowledge and a very strong understanding of technical Outwards RI / Consortia concepts, allowing them to lead both large placements and smaller proportional and non-proportional placements, as well as providing high quality data and analytical insight and contributing to the Outwards RI project workstream.
Key accountabilities
- Lead placement for B&S treaty contracts including MGA specific covers, owning end-to-end contract lifecycle.
- Assist the Outwards Reinsurance team with the placement process of larger B&S treaty placements and Lloyds Consortia.
- Work alongside Underwriting to identify required coverage and contribute to Outwards RI strategy discussions on B&S.
- Provide marketing support including establishing contact lists, preparing presentations, and recording capacity offered.
- Build and maintain strong market relationships with brokers and (re)insurers.
- Work with Risk and Actuarial to compile exposure data for protected classes of business and create submission packs for B&S placements.
- Provide high levels of service and ORI technical guidance to ORI Operations, Underwriting, Actuarial and Finance teams.
- Respond promptly to reinsurer and broker queries.
- Assist in the production of reinsurer stats, programme summaries and schematics.
- Drive production of high-quality MI and variance analysis to support reporting and placement of reinsurance programmes.
- Contribute to the Ceded RI workstream of the Business Transformation project.
- Assist with broker meetings, providing reinsurers security review, brokerage stats etc.
- Assist with the peer review of certain tasks carried out by colleagues.
- Undertake any reasonable duties as may be requested by the Ceded Reinsurance Team.
Skills & experience
- University degree, preferably in a numerate field (finance, statistics, economics, mathematics, etc.).
- 5-10 years' experience in a similar role.
- A strong level of insurance and reinsurance knowledge required with experience of Lloyds Consortia and Binders also important.
- Strong knowledge of the Microsoft Suite of applications with Excel skills such as iterative formulae (nested ifs), multi-criteria lookups (index, match), sumifs and pivot tables. Power query/VBA/SQL experience a plus, but not required.
- Strong analytical and organizational skills.
- Ability to work effectively as part of the Ceded Reinsurance Team as well as with other key stakeholders across different functions within the organization.
- Ability to work under pressure and handle a varied, fluctuating workload.
Ceded Reinsurance Placement Specialist employer: Avencia Talent Solutions Limited
Avencia Talent Solutions offers a dynamic and supportive work environment as a Finance Business Partner, where you will play a crucial role in driving financial insights and decision-making for a leading Corporate & Specialty Insurer. With a strong emphasis on employee growth and development, the company fosters a culture of collaboration and innovation, providing opportunities to enhance your financial acumen while working alongside experienced professionals in a global setting. Located in the UK and Ireland, this role not only allows you to contribute to meaningful projects but also to be part of a well-established organisation with over 120 years of industry experience.
Contact Details:
Avencia Talent Solutions Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Reinsurance Placement Specialist
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We think you need these skills to ace Ceded Reinsurance Placement Specialist
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Avencia Talent Solutions Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Avencia Talent Solutions Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Avencia Talent Solutions Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Avencia Talent Solutions Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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As a full-timer at Avencia Talent Solutions Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Avencia Talent Solutions Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
