At a Glance
- Tasks: Support the Ceded Reinsurance team with pre-bind activities and enhance operational efficiency.
- Company: Join a leading reinsurance firm in London with a collaborative culture.
- Benefits: Enjoy competitive salary, 30 days leave, private health insurance, and learning budget.
- Other info: Dynamic role with opportunities for professional growth and community involvement.
- Why this job: Make a real impact in reinsurance while working on strategic projects.
- Qualifications: 5+ years in reinsurance and strong numerical skills required.
The predicted salary is between 60000 - 70000 £ 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
- GBP 1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Senior Operations Specialist - Ceded Reinsurance employer: Convex Insurance
As a Class Underwriter in Aerospace at our esteemed company, you will join a dynamic team that is not only a leader in the insurance market but also deeply committed to employee growth and well-being. With a competitive salary, generous annual leave, and a strong focus on professional development, including a substantial budget for learning and wellness, we foster a collaborative and innovative work culture. Our commitment to mentoring and supporting our talent ensures that you will have meaningful opportunities to advance your career while making a significant impact in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Operations Specialist - Ceded Reinsurance
✨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 current employees at companies you’re interested in. A friendly chat can sometimes lead to job opportunities that aren’t even advertised.
✨Show Off Your Skills
When you get the chance to meet potential employers, make sure to highlight your experience with large datasets and your solution-focused mindset. Share specific examples of how you've driven change and improved processes in your previous roles. We love seeing candidates who can demonstrate their impact!
✨Prepare for the Interview
Do your homework on the company and the Ceded Reinsurance team. Understand their key projects and challenges, and think about how your skills can help them succeed. We want to see that you’re genuinely interested and ready to contribute from day one!
✨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 us you’re proactive and really keen on joining our team. Let’s make it happen!
We think you need these skills to ace Senior Operations Specialist - Ceded Reinsurance
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 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 the Ceded Reinsurance team and how you can contribute to our goals. Keep it concise but impactful – we love a good story!
Showcase Your Team Spirit:Since this role requires a collaborative approach, make sure to mention any experiences where you've successfully worked in a team. We value teamwork at StudySmarter, so let us know how you can bring that spirit to our Ceded Re team!
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. Plus, it gives you a chance to explore more about us and what we do!
How to prepare for a job interview at Convex Insurance
✨Know Your Reinsurance Stuff
Make sure you brush up on your knowledge of ceded reinsurance and the London Market. Familiarise yourself with key terms and processes, especially around pre-bind purchase activities. This will show that you're not just interested in the role but also understand its intricacies.
✨Show Off 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 used data to drive improvements or efficiencies in past roles. This will highlight your solution-focused mindset.
✨Collaboration is Key
This position requires a team-oriented approach, so be ready to talk about your experience working in collaborative environments. Share specific examples of how you've successfully liaised with different teams or stakeholders, particularly in high-pressure situations.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations related to ceded reinsurance activities. Think through potential scenarios, like managing broker communications or preparing for reinsurer audits, and outline your thought process and strategies for success.
