At a Glance
- Tasks: Lead reinsurance placements and collaborate with industry experts to optimise strategies.
- 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: 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) in London 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 leave policies, and a commitment to professional development through learning and wellbeing allowances. Join us to be part of a 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) in London
✨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 collaborated with teams to solve problems. We want to see your expertise shine!
✨Research the Company
Before any interview, do your homework on Convex Group and their approach to reinsurance. Understand their portfolio optimisation strategies and recent market trends. This will not only impress them but also help you tailor your responses to align with their goals.
✨Apply Through Our Website
Don’t forget to apply 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 team at Convex Group. Let’s get you that placement officer role!
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 directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it gives you a chance to explore more about our company culture and values!
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 latest market trends and contract wordings, as this will show your depth of knowledge and passion for the field.
✨Show Off Your Networking Skills
Be ready to discuss how you've built relationships with Brokers and Reinsurers in the past. Share specific examples of how these connections have helped you in your previous roles, as this is crucial for the Ceded Reinsurance position.
✨Demonstrate Team Spirit
Since this role requires collaboration with various internal stakeholders, be prepared to talk about your experiences working in teams. Highlight instances where you’ve shared knowledge or contributed to team success.
✨Prepare for Negotiation Scenarios
Expect questions around negotiation skills. Think of a few scenarios where you successfully negotiated terms or resolved conflicts, and be ready to explain your thought process and strategies.
