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- Tasks: Lead reinsurance placements and collaborate with various stakeholders in a dynamic team environment.
- Company: Convex Insurance is a forward-thinking company focused on innovative risk management solutions.
- Benefits: Enjoy 30 days annual leave, private health insurance, and £1,300 for learning & wellbeing.
- Why this job: Join a collaborative culture where your insights shape strategic decisions and drive market trends.
- Qualifications: Several years of experience in Ceded Re purchasing with strong analytical and negotiation skills required.
- Other info: This role offers opportunities for professional growth and community engagement through volunteer leave.
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
Contact Detail:
Convex Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ceded Reinsurance
✨Tip Number 1
Network with professionals in the reinsurance industry, especially those who work at Convex Insurance or similar companies. Attend industry events and engage on platforms like LinkedIn to build relationships that could help you get noticed.
✨Tip Number 2
Stay updated on current market trends and developments in reinsurance. This knowledge will not only help you during interviews but also demonstrate your commitment and expertise in the field.
✨Tip Number 3
Prepare to discuss specific examples of your negotiation skills and successful placements in previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
✨Tip Number 4
Familiarise yourself with the tools and technologies used in Ceded Re operations. Showing that you have a grasp of these can give you an edge and demonstrate your readiness to contribute from day one.
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 role at Convex Insurance. 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 ceded reinsurance and any related roles. Emphasise your negotiation skills, quantitative analysis abilities, and teamwork experiences that align with the job's requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the reinsurance market and your ability to build relationships with stakeholders. Use specific examples from your past experience to demonstrate how you can contribute to the team at Convex Insurance.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects attention to detail, which is crucial in the insurance industry.
How to prepare for a job interview at Convex Insurance
✨Understand Reinsurance Concepts
Make sure you have a solid grasp of 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.
✨Build Relationships
Emphasise your ability to build relationships with Brokers and Reinsurers. Prepare to discuss how you've developed professional networks in previous roles and how you plan to deepen those connections at Convex Insurance.
✨Demonstrate Team Collaboration
This role requires working closely with various internal teams. Be ready to share examples of how you've collaborated with different departments in the past, focusing on your communication skills and teamwork.
