At a Glance
- Tasks: Lead reinsurance purchasing and support strategic planning for the ORI team.
- Company: Join a diverse and inclusive company committed to innovation and excellence.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on continuous improvement.
- Why this job: Make a real impact in the reinsurance industry while developing your skills.
- Qualifications: Experience in reinsurance purchasing and strong interpersonal skills required.
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.
- 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.
Skills, Knowledge and Experience
- Reinsurance purchasing experience (preferably including Casualty).
- Good Reinsurer and broker relationships.
- Good technical understanding of Reinsurance.
- Good understanding of best practice.
- Strong commercial and technical skills.
- Proactive problem solving, effective collaboration and escalation ability.
- 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.
- Ability to work as part of a team.
- Adapt to a pressured environment.
EEO Statement
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) as a result of the Equal Treatment Directive 2006 (EU 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 open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Reinsurance Purchasing Lead employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer that fosters a culture of inclusivity and continuous improvement, making it an ideal place for professionals in the reinsurance sector. With a commitment to employee development and flexible working arrangements, we empower our team members to thrive while contributing to strategic initiatives. Located in a dynamic environment, we offer unique opportunities for growth and collaboration, ensuring that every employee can make a meaningful impact.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
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 on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help land that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your reinsurance purchasing experience and any successful projects you've led. We want to see how you can bring value to their team, so don’t hold back!
✨Prepare for the Interview
Do your homework before the interview! Understand the company’s ORI strategy and think about how your skills can contribute to their goals. We recommend practising common interview questions related to reinsurance and being ready to discuss your problem-solving approach.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and take the initiative to connect directly with us.
We think you need these skills to ace Reinsurance Purchasing Lead
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 enhance purchasing processes. 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!
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨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 you can contribute to continuous improvement within the ORI team.
✨Showcase Your Relationships
Since good reinsurer and broker relationships are key, come prepared with examples of how you've built and maintained these connections in the past. This will demonstrate your ability to collaborate effectively and support the LoB teams.
✨Be Ready to Discuss Strategy
The role involves supporting long-term planning and strategic direction. Think about how you would approach this and be ready to share your ideas on enhancing programme efficacy and exploring alternative solutions during the interview.
✨Highlight Your Problem-Solving Skills
Prepare to discuss specific instances where you've proactively solved problems or improved processes in your previous roles. This will show that you have the continuous improvement mindset they’re looking for and that you can adapt to a pressured environment.
