At a Glance
- Tasks: Support strategic planning and improve purchasing practices in reinsurance.
- Company: Chaucer Group, a leading insurance group at Lloyd's.
- Benefits: Flexible working arrangements and a commitment to diversity.
- Other info: Opportunities for professional growth in an inclusive workplace.
- Why this job: Join a dynamic team making a global impact in the insurance industry.
- Qualifications: Experience in reinsurance purchasing and strong interpersonal skills.
The predicted salary is between 60000 - 80000 € per year.
To support the Head of ORI with long term planning and developing the ORI strategy.
To provide support and guidance to the LoB ORI teams.
Facilitate continuous improvement across the ORI team for purchasing practices and processes.
Responsibility for the placement of certain outwards reinsurance programmes, as agreed with the Head of ORI.
Main duties:
- Consult to Head of Outwards Reinsurance on long term plan and supporting strategic direction.
- Reviewing ORI programme efficacy and looking at alternate options.
- Exploring alternate products / solutions.
- Support the LoB teams on structuring and coverage of programmes (broadening their knowledge and supporting development).
- Develop and share best practice across the LoB ORI teams.
- Review / enhance purchasing processes and practices.
- Assist the Head of Outwards Reinsurance / LoB Heads with the RFP process.
Skills, Knowledge and Experience:
Experience:
- Reinsurance purchasing experience (preferably including Casualty).
- Good Reinsurer and broker relationships.
- Good technical understanding of Reinsurance.
- Good understanding of best practice.
Skills & Knowledge:
- Strong commercial and technical skills.
- Proactive problem solving, effective collaboration and escalation.
- Ability to analyse and understand RI Pricing / Rating.
- Good understanding of inwards (ideally Casualty) business / coverages.
- Continuous improvement mindset.
- Awareness of risks and controls.
Qualifications:
- ACII qualified (or equivalent).
Personal skills:
- Self-motivated.
- Professional and flexible outlook.
- Very good interpersonal skills.
- Excellent organisational skills.
- Work as part of a team.
- Adapt to a pressured environment.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Reinsurance Purchasing Lead - Chaucer Group in London employer: Chaucer Group
Chaucer Group is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation and collaboration thrive. With a strong commitment to employee development, we provide ample opportunities for growth and continuous improvement, ensuring that our team members are equipped with the skills and knowledge needed to excel in their roles. Our inclusive culture values diversity and promotes flexible working arrangements, making Chaucer a rewarding place to build a meaningful career in the reinsurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Purchasing Lead - Chaucer Group in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry and let them know you're on the lookout for opportunities. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Prepare for those interviews by researching Chaucer Group and their ORI strategy. Show us that you understand our goals and how you can contribute to improving purchasing practices and processes.
✨Tip Number 3
Practice your problem-solving skills! Be ready to discuss how you've tackled challenges in the past, especially in reinsurance purchasing. We love hearing about proactive approaches and continuous improvement mindsets.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you're genuinely interested in joining our team at Chaucer.
We think you need these skills to ace Reinsurance Purchasing Lead - Chaucer Group in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your reinsurance purchasing experience and any relevant qualifications like ACII. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs. Don’t forget to mention your proactive problem-solving skills and collaborative spirit.
Showcase Your Knowledge:Demonstrate your understanding of reinsurance practices and your ability to analyse pricing and rating. We love candidates who can bring fresh ideas and best practices to the table, so don’t hold back!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Chaucer!
How to prepare for a job interview at Chaucer Group
✨Know Your Reinsurance Inside Out
Make sure you brush up on your reinsurance knowledge, especially around purchasing practices and processes. Familiarise yourself with the latest trends in the industry and be ready to discuss how they could impact Chaucer's strategy.
✨Showcase Your Relationships
Since good reinsurer and broker relationships are key, come prepared with examples of how you've built and maintained these connections. Highlight any successful negotiations or collaborations that demonstrate your interpersonal skills.
✨Be a Problem Solver
Prepare to discuss specific challenges you've faced in previous roles and how you approached them. Emphasise your proactive problem-solving skills and your ability to collaborate effectively with teams to find solutions.
✨Demonstrate Continuous Improvement Mindset
Chaucer values a continuous improvement mindset, so think about ways you've enhanced processes in past roles. Be ready to share examples of how you've implemented best practices and contributed to team development.
