At a Glance
- Tasks: Lead reinsurance purchasing strategies and support teams in enhancing practices.
- Company: Chaucer Group, a top global insurer with a diverse and inclusive culture.
- Benefits: Flexible hybrid work model, extensive benefits, and wellbeing support.
- Other info: Dynamic environment with opportunities for professional growth.
- Why this job: Join a successful team making a real impact in the insurance industry.
- Qualifications: Experience in reinsurance purchasing and strong commercial skills required.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Reinsurance Purchasing Lead role at Chaucer Group.
About us
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, we are closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com.
Job summary
Support the Head of ORI with long-term planning and developing the ORI strategy. 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 support strategic direction.
- Review ORI programme efficacy and look at alternate options.
- Explore 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.
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.
- Aware of risks and controls.
Qualifications
- ACII qualified (or equivalent).
Personal skills
- Professional and flexible outlook.
- Very good interpersonal skills.
- Excellent organisational skills.
- Adapt to a pressured environment.
Why Join Chaucer?
Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk from nuclear, shipping, manufacturing and property. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024.
We offer:
- A flexible office hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non-contributory benefits, including medical, life and pension cover, flexible holidays and wellbeing support.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance
Industries: Insurance Agencies and Brokerages, Insurance Carriers, and Insurance
Reinsurance Purchasing Lead employer: Chaucer Group
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation and strategic thinking are at the forefront of our operations. We prioritise employee growth through mentorship and development opportunities within our Transport Logistics team, fostering a culture of collaboration and excellence. With a commitment to maintaining strong relationships with clients and brokers globally, we provide our employees with unique exposure to diverse markets and the chance to lead in a specialist insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Purchasing Lead
✨Network Like a Pro
Get out there and connect with people in the reinsurance industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Informational Interview
Set up informal chats with folks already working in roles similar to the Reinsurance Purchasing Lead. Ask them about their experiences and insights. This not only helps you learn but also shows your genuine interest in the field, which can make a great impression!
✨Showcase Your Skills
When you get the chance to meet potential employers, be ready to talk about your reinsurance purchasing experience and how you’ve tackled challenges in the past. We want to see your problem-solving skills in action, so come prepared with examples!
✨Apply Through Our Website
Don’t forget to apply for the Reinsurance Purchasing Lead role directly through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage with us directly.
We think you need these skills to ace Reinsurance Purchasing Lead
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reinsurance Purchasing Lead role. Highlight your relevant experience in reinsurance purchasing and any relationships you've built with reinsurers and brokers. We want to see how your skills align with what we're looking for!
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 makes you a perfect fit. Don’t forget to mention your understanding of best practices in reinsurance – we love that stuff!
Showcase Your Problem-Solving Skills:In your application, be sure to highlight examples where you've proactively solved problems or improved processes in your previous roles. We value effective collaboration and innovative thinking, so let us know how you've made a difference!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll find all the details you need there. Plus, it shows us you’re serious about joining the Chaucer team!
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.
✨Build Rapport with Your Interviewers
Since this role involves collaboration with various teams, it's crucial to demonstrate your interpersonal skills. Engage with your interviewers, ask insightful questions about their experiences at Chaucer, and show genuine interest in their work.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and strategic thinking. Prepare examples from your past experience where you've successfully navigated challenges in reinsurance purchasing or improved processes.
✨Showcase Your Flexibility and Adaptability
Chaucer values a professional and flexible outlook. Be ready to share instances where you've adapted to changing environments or pressures, highlighting your organisational skills and ability to thrive under stress.
