At a Glance
- Tasks: Lead reinsurance placements and collaborate with industry experts to drive innovative solutions.
- Company: Join Convex Group, a forward-thinking company in the heart of London.
- Benefits: Enjoy competitive salary, generous leave, health insurance, and learning opportunities.
- Other info: Dynamic team environment with excellent career growth and volunteer opportunities.
- Why this job: Make an impact in the reinsurance field while developing valuable skills and connections.
- Qualifications: Experience in Ceded Re purchasing and strong negotiation skills are essential.
The predicted salary is between 60000 - 75000 £ 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.
Some of the key tasks may include:
- 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, Analytics, 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.
- Experience within, or a proven interest in, Casualty and Financial Lines products is an advantage, combined with an ability to shift focus to a different line of business when needed.
- 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
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Ceded Reinsurance (Placement Officer) employer: Convex Insurance Ltd.
Convex Group is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration 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 team that values your contributions and fosters meaningful relationships within the reinsurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Reinsurance (Placement Officer)
✨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 potential colleagues on LinkedIn. Building relationships can open doors that you didn’t even know existed.
✨Show Off Your Skills
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your negotiation skills and market insights. Share specific examples of how you've successfully managed placements or projects in the past. We want to see your expertise shine!
✨Research, Research, Research
Before any interview, dive deep into the company’s recent projects and their approach to reinsurance. Understanding their strategy will not only impress them but also help you tailor your answers to show how you can contribute to their goals.
✨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, it shows you’re genuinely interested in joining our team at Convex Group.
We think you need these skills to ace Ceded Reinsurance (Placement Officer)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Ceded Reinsurance role. Highlight your relevant experience in reinsurance placements and any specific skills that match the job description. We want to see how you can contribute to our team right from the get-go!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how your background aligns with our needs. Don’t forget to mention your negotiation skills and teamwork experience, as these are key for us.
Showcase Your Market Knowledge:We love candidates who understand the reinsurance market! In your application, share insights or trends you've noticed in the industry. This shows us that you're not just applying for a job, but that you're genuinely interested in the field.
Apply Through Our Website:To make sure your application gets the attention it deserves, apply directly through our website. It’s the best way for us to receive your details and keep track of your application. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Convex Insurance Ltd.
✨Know Your Reinsurance Basics
Before the interview, brush up on your reinsurance concepts. Make sure you can confidently discuss key terms and processes, as well as recent market trends. This will show that you're not just familiar with the basics but also engaged with the industry.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations you've successfully led or participated in. Be ready to discuss your approach and the outcomes. This will demonstrate your ability to influence and build relationships, which is crucial for the role.
✨Highlight Team Collaboration
Think of specific instances where you've worked closely with different teams, like Underwriting or Actuarial. Share how you contributed to a project and what the results were. This will illustrate your team-oriented mindset and your ability to collaborate effectively.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's reinsurance strategies or the tools they use. This shows your genuine interest in the role and helps you understand how you can contribute to their goals. Plus, it makes for a more engaging conversation!
