At a Glance
- Tasks: Lead reinsurance purchasing strategies and support teams in improving practices.
- Company: Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Flexible working arrangements, diverse culture, and opportunities for professional growth.
- Other info: Join a dynamic team committed to diversity and continuous improvement.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in reinsurance purchasing and strong interpersonal skills.
The predicted salary is between 36000 - 60000 £ 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:
- 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.
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. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. 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 in London employer: Chaucer
Chaucer is an exceptional employer located in the heart of London, offering a dynamic work environment that values diversity and promotes flexible working arrangements. As a leader in the insurance market, we provide our employees with ample opportunities for professional growth and development, ensuring that you can thrive in your career while making a meaningful impact in compliance monitoring.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Purchasing Lead in London
✨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 you 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 the team, so don’t hold back on sharing your achievements!
✨Ask Smart Questions
During interviews, come prepared with insightful questions about the company’s ORI strategy and their approach to continuous improvement. This shows you’re genuinely interested and have done your homework. Plus, it gives you a chance to demonstrate your knowledge of best practices in the field.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly. Let’s make it happen!
We think you need these skills to ace Reinsurance Purchasing Lead in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your reinsurance purchasing experience and how it aligns with the role. We want to see how your skills match our needs, so don’t hold back!
Showcase Your Relationships:If you’ve got good relationships with reinsurers and brokers, let us know! Mention specific examples of how these connections have benefited your previous roles. It’s all about collaboration, and we love to see that.
Highlight Continuous Improvement:We’re keen on a continuous improvement mindset, so share any experiences where you’ve enhanced processes or practices in your past roles. Show us how you can bring that proactive approach to our team!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the info you need about us there!
How to prepare for a job interview at Chaucer
✨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 relationships with reinsurers and brokers 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.
✨Demonstrate Continuous Improvement Mindset
Be ready to talk about how you've implemented best practices in previous roles. Share specific instances where you've identified inefficiencies and proposed solutions, showing that you're proactive and focused on enhancing processes.
✨Prepare for Technical Questions
Expect technical questions related to reinsurance pricing and rating. Brush up on your analytical skills and be prepared to discuss how you approach problem-solving in complex scenarios, particularly in relation to casualty business.
