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For Companies At a Glance
- Tasks: Lead reinsurance placements and collaborate with stakeholders to optimise portfolio strategies.
- Company: Join Convex Group, a dynamic player in the reinsurance market.
- Benefits: Enjoy 30 days annual leave, private health insurance, and a £1,300 learning budget.
- Why this job: Be part of a collaborative team that values innovation and personal growth.
- Qualifications: Several years of experience in Ceded Re purchasing and strong analytical skills required.
- Other info: Flexible working options and opportunities for community volunteering.
The predicted salary is between 43200 - 72000 £ per year.
The Ceded Reinsurance team places reinsurance on behalf of Convex Group. We are looking for an experienced colleague to become part of the team, led by Rishi Aggarwal. You will be expected to support and lead reinsurance placements, collaborating closely with internal and external stakeholders, such as Underwriters, Actuaries and Brokers. This role requires a deep understanding of reinsurance concepts, excellent negotiation skills, and the ability to work in a team-oriented environment.
Key Responsibilities
- Drive the design and execution of ceded reinsurance programmes, ensuring that they align to the Convex portfolio optimisation and risk management strategy.
- Develop relationships with Brokers and Reinsurers, constantly seeking to deepen your understanding of the market and its trends and developments.
- Collaborate closely with internal stakeholders such as Underwriting, Actuarial, Claims, Portfolio Optimisation, Legal, Operations to provide optimal recommendations on strategic direction.
- Collaborate with the Ceded Re Operations team to ensure smooth and accurate data capture.
- Manage and support the design and implementation of various Ceded Re related tools and projects.
- Use innovative thinking to develop new solutions.
Skills Knowledge and Expertise
- Several years of relevant experience, ideally in a Ceded Re purchasing function, allowing you to immediately contribute to the team and take ownership of individual placements and internal projects.
- A deep insight into the market including understanding of contract wordings and market trends.
- Robust quantitative and qualitative analysis skills.
- Excellent networking and influencing skills with an ability to build meaningful relationships internally and externally.
- Effective communication skills both verbally and written at all levels of seniority.
- A keen team player, open to sharing knowledge and looking for ways to improve.
- Good negotiation skills.
- Hard working with attention to detail.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- 10 days of help with care (elder/ childcare) through Bright Horizons
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Ceded Reinsurance employer: Convex Insurance Ltd.
Contact Detail:
Convex Insurance Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ceded Reinsurance
✨Tip Number 1
Familiarise yourself with the latest trends in the reinsurance market. Understanding current developments and challenges will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those who work with Ceded Re. Attend relevant events or webinars to connect with potential colleagues and learn from their experiences.
✨Tip Number 3
Brush up on your negotiation skills. Since this role involves significant interaction with Brokers and Reinsurers, being able to negotiate effectively will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully collaborated with cross-functional teams in the past. This will showcase your ability to work in a team-oriented environment, which is crucial for this role.
We think you need these skills to ace Ceded Reinsurance
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Ceded Reinsurance position. Familiarise yourself with key concepts in reinsurance and the specific skills mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in reinsurance, particularly any roles that involved negotiation, collaboration with stakeholders, or quantitative analysis. Use keywords from the job description to ensure your CV aligns with what the company is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the reinsurance market and your ability to build relationships. Mention specific experiences that demonstrate your negotiation skills and teamwork, and explain why you are excited about the opportunity at Convex Group.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for this role. Consider asking a friend or colleague to review it as well.
How to prepare for a job interview at Convex Insurance Ltd.
✨Understand Ceded Reinsurance Concepts
Make sure you have a solid grasp of ceded reinsurance concepts and terminology. Be prepared to discuss how these concepts apply to the role and demonstrate your knowledge of market trends and contract wordings.
✨Showcase Your Negotiation Skills
Since negotiation is key in this role, think of examples from your past experiences where you successfully negotiated terms or resolved conflicts. Highlight your approach and the outcomes to showcase your skills.
✨Demonstrate Team Collaboration
This position requires working closely with various stakeholders. Be ready to share examples of how you've effectively collaborated with teams in the past, particularly in high-pressure situations.
✨Prepare Questions for the Interviewers
Prepare insightful questions that show your interest in the company and the role. Ask about the team dynamics, current projects, or how they measure success in the Ceded Reinsurance department.
