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 insurance, and learning opportunities.
- Other info: Great career growth potential and a supportive team environment.
- 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 required.
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
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 supportive 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 to really stand out.
✨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 you’re the perfect fit for their team.
✨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 awesome 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:Demonstrate your understanding of the reinsurance market in your application. Mention any trends or developments you've noticed and how they could impact our strategies. This shows us you’re not just applying for a job, but you’re genuinely interested in the field.
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 to do!
How to prepare for a job interview at Convex
✨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 that are relevant to the role. This will not only show your expertise but also demonstrate your genuine interest in the position.
✨Show Off Your Networking Skills
Prepare examples of how you've built relationships with Brokers and Reinsurers in the past. Be ready to discuss how you can leverage these connections to benefit the team. Convex Group values collaboration, so highlighting your networking abilities will set you apart.
✨Demonstrate Team Spirit
Since this role requires working closely with various internal stakeholders, be prepared to share experiences where you successfully collaborated with others. Talk about how you contributed to team projects and how you can bring that same energy to the Ceded Reinsurance team.
✨Master the Art of Negotiation
Negotiation skills are crucial for this role, so think of specific instances where you've successfully negotiated terms or resolved conflicts. Be ready to discuss your approach and how it led to positive outcomes, showcasing your ability to influence and persuade effectively.
