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- 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 50000 - 60000 £ 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 employer: Convex
Contact Detail:
Convex Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Operations Specialist – Ceded Reinsurance
✨Tip Number 1
Network like a pro! Reach out to folks in the reinsurance industry, especially those who work in Ceded Re. A casual chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the London Market and Ceded Re processes. We recommend practising common interview questions and having examples ready that showcase your experience with large datasets and operational improvements.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the Senior Operations Specialist position.
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 is all about collaboration, make sure to highlight your teamwork skills. Share examples of how you've worked effectively with others in past roles. We’re all about that team-oriented approach here at StudySmarter!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our awesome team!
How to prepare for a job interview at Convex
✨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.
✨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, particularly in relation to operational feasibility and compliance.
✨Collaboration is Key
This position requires a team-oriented approach, so be ready to talk about your experience working in cross-functional teams. Share specific examples of how you've collaborated with others, especially in high-pressure situations or during projects that required coordination across different departments.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations related to ceded reinsurance activities. Think through potential scenarios, such as managing broker communications or preparing for reinsurer audits, and outline your thought process and problem-solving strategies.