Ceded Reinsurance Manager
Ceded Reinsurance Manager

Ceded Reinsurance Manager

London Full-Time 72000 - 100800 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage reinsurance needs and support business units with proactive solutions.
  • Company: Beazley is a leading insurance company known for its innovative approach.
  • Benefits: Enjoy a full-time role with opportunities for professional growth and development.
  • Why this job: Join a dynamic team that values boldness, integrity, and teamwork.
  • Qualifications: Degree qualified; professional qualifications are a plus.
  • Other info: Ideal for those passionate about finance and insurance.

The predicted salary is between 72000 - 100800 £ per year.

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General
Role: Ceded Reinsurance Manager
Division: Ceded Reinsurance
Reports To: As per Beazley’s organisation chart
Key Relationships: Business units, reinsurers, brokers, ceded reinsurance colleagues and finance
Job Summary: Combine detailed knowledge of business requirements with market knowledge and problem solving skills to pro-actively and creatively support delivery of the businesses reinsurance needs
Key Responsibilities
Provide proactive support to the Head of Ceded Reinsurance in the execution of her remit.
Specific Responsibilities Include
Reinsurance Buying

  • Develop an understanding of current and likely future reinsurance needs of the business units.
  • Support the Head of Ceded Reinsurance and business units with reinsurance aspects of the business planning process.
  • Support the Head of Ceded reinsurance’s relationship management activity with brokers, reinsurers and internal stakeholders.
  • Prepare renewal submissions and marketing presentations.
  • Manage the whole buying process for certain reinsurance programmes as agreed with the Head of Ceded Reinsurance.
  • Manage liaison with the Technical Administration Unit to ensure the effective post-placement handover of all contracts.

Operations

  • Risk management: maintain a system to ensure appropriate sign off from all relevant parties at every stage of the reinsurance purchasing process.
  • Manage the performance framework in respect of all placement activity to ensure that all targets are being met / exceeded.
  • Own the reinsurance spend forecasting for Specialty Risks and Cyber Risks for current and forthcoming year.
  • Regulatory returns – e.g, Lloyd’s returns.

Counterparty Security

  • Prepare and present papers for the Group’s monthly Security Committee.
  • Respond to business unit security queries.
  • Manage the counterparty security framework to ensure that analysis is accurate and timely.
  • Propose solutions to ensure that the counterparty security framework continues to be strengthened.
  • Develop an interactive relationship with broker security analysts, in particular Gallagher Re Market Security.
  • Develop a detailed understanding of the key drivers of counterparty credit issues through appropriate research and effective networking.

General
It Is Important That Within All Your Interactions Both Internally And Externally You Adhere To Beazley’s Core Values – Being Bold, Striving For Better, And Doing The Right Thing – As They Contribute To An Internal Environment Of Teamwork And Promote a Positive Brand Image And Experience To Our External Customers. We Also Expect Beazley Employees To

  • Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
  • Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct Rules. Undertake relevant training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
  • Display business ethics that uphold the interests of all our customers.
  • Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
  • Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
  • Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification
Education and Qualifications

  • Degree qualified
  • Professional qualifications preferable

Skills And Abilities

  • Proactive
  • Analytical
  • Able to project manage
  • Ability to identify issues and to structure appropriate solutions
  • Ability to communicate effectively at all levels of the organisation
  • Ability to develop and maintain strong relationships with external stakeholders and to motivate them to deliver superior results
  • Good listening skills
  • Team player
  • Good working knowledge of MS Office products, especially Excel and PowerPoint

Knowledge and Experience

  • Proven knowledge of reinsurance

Aptitude and Disposition

  • Displays initiative
  • Sees solutions not problems
  • Outcome focused
  • Self-motivated
  • Interested in understanding and assisting others
  • Friendly / responsive

Seniority level

  • Seniority level

    Not Applicable

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Finance and Sales

  • Industries

    Insurance

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Ceded Reinsurance Manager employer: Beazley

Beazley is an exceptional employer that fosters a culture of professionalism, integrity, and teamwork, making it an ideal place for those looking to thrive in the insurance industry. With a strong emphasis on employee development and a commitment to ethical practices, Beazley offers its staff opportunities for growth and the chance to make a meaningful impact within a dynamic environment in London. The company's core values encourage innovation and collaboration, ensuring that employees feel valued and empowered in their roles.
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Contact Detail:

Beazley Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Ceded Reinsurance Manager

Tip Number 1

Network with professionals in the reinsurance industry, especially those who work at Beazley or similar companies. Attend industry events or webinars to make connections and learn more about the company culture and expectations.

Tip Number 2

Familiarise yourself with Beazley’s core values and ensure you can demonstrate how your personal values align with theirs. This will help you stand out during interviews and show that you’re a good cultural fit.

Tip Number 3

Stay updated on current trends and challenges in the reinsurance market. Being knowledgeable about recent developments will allow you to engage in meaningful conversations during interviews and showcase your expertise.

Tip Number 4

Prepare specific examples from your past experience that highlight your analytical skills and ability to manage relationships with stakeholders. Tailoring your responses to reflect the responsibilities of the Ceded Reinsurance Manager role will make a strong impression.

We think you need these skills to ace Ceded Reinsurance Manager

Proactive Analytical Skills
Project Management
Effective Communication
Relationship Management
Problem-Solving Skills
Knowledge of Reinsurance
Risk Management
Counterparty Security Analysis
MS Office Proficiency (Excel and PowerPoint)
Attention to Detail
Team Collaboration
Outcome Focused
Self-Motivation
Initiative

Some tips for your application 🫡

Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Ceded Reinsurance Manager position. Tailor your application to highlight how your skills and experiences align with these specific needs.

Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in reinsurance, risk management, and relationship building with brokers and reinsurers. Use specific examples to demonstrate your proactive approach and problem-solving skills.

Showcase Your Skills: Beazley values analytical skills and the ability to communicate effectively. Make sure to include instances where you've successfully managed projects or developed strong relationships with stakeholders, showcasing your teamwork and communication abilities.

Align with Company Values: Familiarise yourself with Beazley’s core values such as professionalism, integrity, and teamwork. Reflect these values in your application by providing examples of how you embody them in your work and interactions.

How to prepare for a job interview at Beazley

Understand the Reinsurance Landscape

Before your interview, make sure you have a solid grasp of the current reinsurance market trends and challenges. Familiarise yourself with Beazley’s approach to reinsurance and how it aligns with industry standards. This will show your proactive nature and genuine interest in the role.

Demonstrate Analytical Skills

As a Ceded Reinsurance Manager, you'll need to showcase your analytical abilities. Prepare examples from your past experiences where you've successfully identified issues and structured solutions. Use specific metrics or outcomes to illustrate your impact.

Build Relationships

Highlight your experience in developing and maintaining strong relationships with external stakeholders. Be ready to discuss how you've motivated others to achieve superior results, as this is crucial for the role. Consider sharing anecdotes that reflect your teamwork and communication skills.

Align with Beazley’s Core Values

Familiarise yourself with Beazley’s core values: Being Bold, Striving for Better, and Doing the Right Thing. During the interview, weave these values into your responses to demonstrate that you not only understand but also embody the company culture.

Ceded Reinsurance Manager
Beazley
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