At a Glance
- Tasks: Lead strategic reinsurance purchasing and enhance team practices for optimal results.
- Company: Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Diverse workplace, flexible working arrangements, 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 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.
- 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.
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.
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. To learn more about us please visit our website.
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 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.
Strategic 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 Strategic Reinsurance Purchasing Lead 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! Research Chaucer and understand their ORI strategy. Be ready to discuss how your experience aligns with their needs, especially around purchasing practices and continuous improvement.
✨Tip Number 3
Show off your skills! During interviews, highlight your technical understanding of reinsurance and your proactive problem-solving abilities. Use examples from your past experiences to demonstrate how you've tackled challenges.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team at Chaucer.
We think you need these skills to ace Strategic 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 experience in reinsurance purchasing. We want to see how your skills align with the role of Strategic Reinsurance Purchasing Lead, so don’t hold back on showcasing your relevant achievements!
Showcase Your Relationships:Since good relationships with reinsurers and brokers are key, share examples of how you've built and maintained these connections. We love to see candidates who can demonstrate their networking prowess and how it’s benefited their previous roles.
Highlight Continuous Improvement Mindset:We’re all about enhancing processes, so be sure to mention any initiatives you’ve led or contributed to that improved purchasing practices. This shows us you’re proactive and committed to making things better!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at Chaucer.
How to prepare for a job interview at Chaucer
✨Know Your Reinsurance Inside Out
Make sure you brush up on your reinsurance purchasing knowledge, especially in Casualty. Understand the latest trends and best practices in the industry, as well as the specific programmes you'll be discussing. This will show that you're not just familiar with the basics but are also proactive about staying informed.
✨Build Rapport with Your Interviewers
Since strong relationships with reinsurers and brokers are key, demonstrate your interpersonal skills during the interview. Engage with your interviewers, ask insightful questions, and share relevant experiences that highlight your ability to collaborate effectively. This will help you stand out as a team player.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled challenges in previous roles, particularly in reinsurance purchasing or related areas. Highlight your proactive approach to problem-solving and continuous improvement, as these qualities align perfectly with what the company is looking for.
✨Be Ready for Technical Questions
Expect to dive deep into technical discussions about RI pricing and rating. Brush up on your analytical skills and be prepared to discuss how you would review and enhance purchasing processes. Showing that you can think critically about these topics will demonstrate your suitability for the role.
