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 reinsurance sector.
- Benefits: Enjoy competitive salary, generous leave, health cover, and learning opportunities.
- Other info: Embrace a culture of collaboration and continuous improvement with excellent career growth.
- Why this job: Make an impact in a dynamic team while developing your skills in reinsurance.
- 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) in London employer: Convex Insurance
At Convex Group, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our Ceded Reinsurance team is not only committed to professional growth through extensive learning opportunities but also values employee well-being with competitive benefits such as generous annual leave, private health insurance, and a supportive environment for work-life balance. Join us in London, where you can thrive in a role that combines strategic thinking with meaningful relationships in the reinsurance market.
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Reinsurance (Placement Officer) in London
✨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 potential colleagues on LinkedIn. Building relationships can open doors that you didn’t even know existed.
✨Tip Number 2
Show off your negotiation skills! When you get the chance to chat with hiring managers or during interviews, share specific examples of how you've successfully negotiated in the past. This will demonstrate your expertise and make you stand out as a candidate.
✨Tip Number 3
Stay updated on market trends! Make sure you’re clued up on the latest developments in the reinsurance sector. This knowledge will not only help you in interviews but also show that you’re genuinely interested in the field and ready to contribute from day one.
✨Tip Number 4
Apply through our website! We want to see your application come through directly. It shows initiative and gives us a better chance to review your profile thoroughly. Plus, it’s a great way to ensure you’re considered for all the exciting opportunities we have at Convex Group.
We think you need these skills to ace Ceded Reinsurance (Placement Officer) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Ceded Reinsurance role. Highlight your relevant experience, especially in reinsurance placements and any specific projects you've led. We want to see how your skills align with what we're looking for!
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 makes you a perfect fit for our team. Don't forget to mention your negotiation skills and teamwork experience!
Showcase Your Market Knowledge:We love candidates who are in the know! Make sure to include any insights you have about current market trends and developments in your application. This shows us that you're not just experienced, but also engaged with the industry.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Convex Insurance
✨Know Your Reinsurance Stuff
Make sure you brush up on your reinsurance concepts before the interview. Understand the key terms, market trends, and contract wordings. This will not only show your expertise but also help you engage in meaningful discussions with the interviewers.
✨Show Off Your Networking Skills
Be ready to talk about your experience building relationships with Brokers and Reinsurers. Share specific examples of how you've successfully collaborated with internal teams like Underwriting and Actuarial. This will demonstrate your ability to work in a team-oriented environment.
✨Prepare for Negotiation Scenarios
Since negotiation skills are crucial for this role, think of past experiences where you had to negotiate effectively. Prepare to discuss these scenarios during the interview, highlighting your approach and the outcomes. This will showcase your capability in handling complex placements.
✨Bring Innovative Ideas to the Table
Convex Group values innovative thinking, so come prepared with ideas on how to improve existing processes or tools related to Ceded Re. This shows that you're proactive and willing to contribute to the team's success right from the start.
