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- Tasks: Support the Ceded Reinsurance team with pre-bind activities and enhance operational efficiency.
- Company: Join a leading insurance firm with a collaborative and innovative culture.
- Benefits: Enjoy competitive salary, generous leave, health cover, and learning opportunities.
- Other info: Dynamic role with excellent career growth and a supportive team environment.
- Why this job: Make a real impact in reinsurance while working on strategic projects.
- Qualifications: 5+ years in reinsurance and strong data handling skills required.
The predicted salary is between 60000 - 75000 £ per year.
This is a 6-month fixed term contract to cover parental leave. The purpose of this role is to support the Ceded Reinsurance team in the administration of various Ceded Reinsurance activities, focusing more directly on pre-bind purchase activities. This is a key role within Ceded Reinsurance and requires a collaborative, team-oriented approach. In addition to day-to-day operational activities, you will also be actively working across various tactical and strategic projects to increase efficiency and quality of ceded reinsurance processes.
Key Responsibilities
- Administration of pre-bind ceded reinsurance activities, including submission packs, security compliance and operational feasibility.
- Liaise, rinse and cleanse underwriting data from underwriting systems to meet submission and system automation requirements.
- Liaise and co-ordinate broker communications and messaging both on the placement and operations side of the business.
- Understand, implement and manage updates to various Ceded Re policies and procedures.
- Manage Ceded Re Collateral reporting and adequacy.
- Development of collateral process in new Ceded Reinsurance application.
- Maintain and enhance ceded reinsurance metrics and dashboard.
- Participate in various cross-functional projects and initiatives, as required.
- Assist in the co-ordination and facilitation of reinsurer audits.
- Preparation and regular update of Group and Entity Programme schematics.
- US and UK MGA ceded data preparation.
- Portfolio transfer planning and execution.
- Strategic ceded relationship management.
- Structuring and supporting regulatory reporting.
Who you’ll work with:
- Ceded Re team
- Convex Operations outsourcing partner
- Finance and Actuarial team
- Convex UW, Claims, Technology, Change and Data teams
Skills Knowledge and Expertise
- At least 5 years’ experience in Reinsurance / Outward Reinsurance.
- Understanding of London Market insurance.
- Ability to work with large numerical datasets.
- Solution focused - driving constant change and improvement.
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
Senior Operations Specialist – Ceded Reinsurance in London employer: Convex Insurance
Contact Detail:
Convex Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Operations Specialist – Ceded Reinsurance in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about roles that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Ceded Reinsurance processes. Be ready to discuss how you can enhance efficiency and quality in this area. We want to see your passion for the role shine through!
✨Tip Number 3
Don’t forget to showcase your collaborative spirit! Highlight examples from your past where you’ve worked with cross-functional teams. This will show that you’re a team player, which is key for this role.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re genuinely interested in being part of our team at StudySmarter.
We think you need these skills to ace Senior Operations Specialist – Ceded Reinsurance in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Operations Specialist role. Highlight your experience in reinsurance and any relevant projects you've worked on. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Ceded Reinsurance team. Share specific examples of your past work that demonstrate your collaborative approach and solution-focused mindset.
Showcase Your Data Skills: Since this role involves working with large numerical datasets, make sure to mention any relevant experience you have. We love seeing candidates who can handle data with ease and drive improvements in processes!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Convex Insurance
✨Know Your Ceded Reinsurance Basics
Before the interview, brush up on your knowledge of ceded reinsurance and the specific activities mentioned in the job description. Understanding pre-bind purchase activities and how they fit into the broader operations will show that you're not just familiar with the terminology but also ready to hit the ground running.
✨Showcase Your Data Skills
Since the role involves working with large numerical datasets, be prepared to discuss your experience with data management and analysis. Bring examples of how you've successfully handled data in previous roles, especially in relation to compliance and operational feasibility.
✨Emphasise Collaboration
This position requires a team-oriented approach, so highlight your experience working collaboratively across different teams. Share specific examples of projects where you liaised with brokers or coordinated with various departments to achieve a common goal.
✨Prepare for Strategic Discussions
Given the focus on tactical and strategic projects, think about how you can contribute to improving efficiency and quality in ceded reinsurance processes. Be ready to discuss any innovative ideas or past experiences where you drove change and improvement in your previous roles.