At a Glance
- Tasks: Support reinsurance placements and collaborate with various stakeholders in a dynamic team.
- Company: Join Convex Group, a leader in the insurance market with a focus on innovation.
- Benefits: Enjoy competitive salary, 30 days leave, private health insurance, and learning budget.
- Other info: Great opportunities for networking, professional growth, and a supportive team environment.
- Why this job: Dive into the ceded reinsurance market and make impactful contributions to exciting projects.
- Qualifications: Around 2 years of data handling experience in the insurance sector and strong analytical skills.
The predicted salary is between 50000 - 60000 £ per year.
The Ceded Reinsurance team places reinsurance on behalf of Convex Group. We are looking for an individual in an Analyst-type role to join the team, led by Rishi Aggarwal. You will be expected to support reinsurance placements while collaborating closely with the Ceded Re Placement Officers and other internal and external stakeholders, such as Underwriters, Operations and Brokers. This role requires the ability to work in a team-oriented environment, well-rounded interpersonal skills, and the ability to manipulate large sets of data.
Some of the key tasks may include:
- Assist the Ceded Re team with the design and execution of ceded reinsurance programmes, ensuring that they align to the Convex portfolio optimisation and risk management strategy.
- Attend reinsurer meetings and 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, Analytics, Legal, Operations.
- Collaborate with the Ceded Re Operations team to ensure smooth and accurate data capture.
- Support the design and implementation of various Ceded Re related tools and projects.
- Prepare submission data packs and post-renewal management information.
- Maintain the system of record and flow of information into internal systems.
Skills Knowledge and Expertise
- Around 2 years of experience in a role involving handling data within the insurance market.
- A well-articulated and evident interest in developing a deep insight into the ceded reinsurance market including understanding of contract wordings and market trends.
- Ability to manipulate large sets of data to generate insights and recommendations.
- 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
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Ceded Reinsurance (Analyst) employer: Convex Insurance Ltd.
Convex Group is an exceptional employer, offering a dynamic work environment in the heart of London where collaboration and innovation thrive. With a strong focus on employee growth, we provide extensive benefits including competitive salaries, generous annual leave, and a commitment to professional development through learning and wellbeing allowances. Join us to be part of a supportive team that values your contributions and fosters meaningful relationships within the reinsurance market.
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Reinsurance (Analyst)
✨Tip Number 1
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 to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Tip Number 2
Show off your data skills! When you get the chance to chat with potential employers, be ready to discuss how you've handled large datasets in the past. Share specific examples of how your analysis led to insights or improvements—this will make you stand out.
✨Tip Number 3
Prepare for interviews by researching the company and its market position. Understand their reinsurance strategies and be ready to discuss how you can contribute to their goals. This shows you're genuinely interested and have done your homework!
✨Tip Number 4
Don’t forget to apply through our website! We love seeing candidates who are proactive and engaged. Plus, it’s a great way to ensure your application gets into the right hands quickly. Let’s get you that Analyst role!
We think you need these skills to ace Ceded Reinsurance (Analyst)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Ceded Reinsurance Analyst role. Highlight your experience with data handling in the insurance market and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your genuine interest in the ceded reinsurance market and how your background aligns with our needs. Don’t forget to mention why you’re excited about joining StudySmarter and what you can contribute.
Showcase Your Data Skills:Since this role involves manipulating large sets of data, make sure to highlight any relevant projects or experiences where you've successfully done this. We love seeing concrete examples of your analytical prowess!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Convex Insurance Ltd.
✨Know Your Data
Since this role involves handling large sets of data, make sure you brush up on your data manipulation skills. Be prepared to discuss specific examples of how you've used data in previous roles, and think about how you can apply those skills to the Ceded Reinsurance team.
✨Understand the Market
Show your genuine interest in the ceded reinsurance market by staying updated on current trends and developments. Research recent news articles or reports related to reinsurance and be ready to share your insights during the interview. This will demonstrate your commitment to the field.
✨Build Relationships
Networking is key in this role, so think about how you can showcase your interpersonal skills. Prepare examples of how you've successfully built relationships with stakeholders in the past, whether they were internal teams or external partners like brokers and reinsurers.
✨Communicate Effectively
Effective communication is crucial, especially when collaborating with various teams. Practice articulating your thoughts clearly and concisely. You might even want to prepare a few questions to ask the interviewers that reflect your understanding of the role and the company.
