At a Glance
- Tasks: Lead reinsurance purchasing strategies and support teams in enhancing practices.
- Company: Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Flexible working arrangements, commitment to diversity, and a supportive team environment.
- Other info: Opportunities for professional growth in a diverse and inclusive workplace.
- Why this job: Join a dynamic team making a real impact in the reinsurance industry.
- Qualifications: Experience in reinsurance purchasing and strong interpersonal skills.
The predicted salary is between 70000 - 90000 £ 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.
- Aware 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.
London Reinsurance Purchasing Lead employer: Chaucer Syndicates Ltd
Chaucer 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 growth, we provide ample opportunities for professional development and a culture that values diversity and inclusion. Our focus on continuous improvement and support for flexible working arrangements makes Chaucer an attractive choice for those seeking meaningful and rewarding careers in the insurance sector.
