At a Glance
- Tasks: Join our team to process reinsurance policies and support operational transformation.
- Company: Be part of a leading independent underwriting business in the Lloyd’s market.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Shape the future of reinsurance operations while working with industry experts.
- Qualifications: Experience in reinsurance and strong analytical skills are essential.
- Other info: Ideal for detail-oriented individuals who thrive in fast-paced settings.
The predicted salary is between 36000 - 60000 £ per year.
Join a Leading Independent Underwriting Business
Are you ready to be part of a dynamic and entrepreneurial underwriting business operating at the heart of the Lloyd’s market? With ambitious growth plans, this is an exciting opportunity to join a forward-thinking organisation that values innovation, collaboration, and excellence.
As part of a strategic initiative to centralise outwards reinsurance operational support, we are building a new Outwards Reinsurance team within Underwriting Operations. We are now seeking a detail-oriented and proactive Outwards Reinsurance Analyst to support this transformation and help shape the future of our reinsurance operations.
Key Responsibilities
- Process outwards reinsurance policies and maintain accurate records in the policy administration system.
- Support the netting-down process for outwards reinsurance.
- Reconcile facultative reinsurance to inwards premium and claims bordereaux.
- Prepare and issue statements for reinsurance recoveries and premiums.
- Monitor and process reinsurance advices and recoveries.
- Assist with bordereaux preparation, LORs processing, and collateralised reinsurance tracking.
- Provide administrative support across the full post-placement lifecycle.
- Contribute to the collation of renewal placing information and ad-hoc tasks as required.
What We’re Looking For
- Prior experience in reinsurance, ideally within the Lloyd’s or London market.
- Solid understanding of reinsurance structures (e.g., Excess of Loss, Quota Share, Facultative).
- Strong analytical and problem-solving skills with a continuous improvement mindset.
- Highly organised with a keen eye for detail and a commitment to accuracy.
- Excellent interpersonal and communication skills.
- A collaborative team player who thrives in a fast-paced environment.
- Data-driven and compliance-focused.
Key Stakeholders
You’ll work closely with senior leadership, underwriting teams, risk and compliance, and external regulatory bodies including Lloyd’s, PRA, and FCA.
Outward Reinsurance Analyst employer: Davies Talent Solutions
Contact Detail:
Davies Talent Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Outward Reinsurance Analyst
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its specific practices. Understanding the nuances of this environment will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in reinsurance, especially within the Lloyd's market. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the company culture.
✨Tip Number 3
Brush up on your analytical skills and be prepared to discuss how you've used them in past roles. Being able to showcase your problem-solving abilities will set you apart from other candidates.
✨Tip Number 4
Research the latest trends and challenges in the reinsurance sector. Being knowledgeable about current issues will allow you to engage in meaningful conversations during interviews and show that you're proactive about staying informed.
We think you need these skills to ace Outward Reinsurance Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Outwards Reinsurance Analyst position. Familiarise yourself with key terms and processes mentioned in the job description, such as reinsurance structures and the post-placement lifecycle.
Tailor Your CV: Customise your CV to highlight relevant experience in reinsurance, particularly within the Lloyd’s or London market. Emphasise your analytical skills, attention to detail, and any previous roles that demonstrate your ability to thrive in a fast-paced environment.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that align with the job responsibilities, such as processing reinsurance policies or working with senior leadership. Make it personal and engaging to stand out.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. Ensure that all information is accurate and clearly presented, as attention to detail is crucial for this role.
How to prepare for a job interview at Davies Talent Solutions
✨Showcase Your Reinsurance Knowledge
Make sure to brush up on your understanding of reinsurance structures like Excess of Loss and Quota Share. Being able to discuss these concepts confidently will demonstrate your expertise and suitability for the role.
✨Highlight Your Analytical Skills
Prepare examples from your past experience where you've used analytical skills to solve problems or improve processes. This will show that you have the continuous improvement mindset they are looking for.
✨Demonstrate Attention to Detail
Since the role requires a keen eye for detail, be ready to discuss how you ensure accuracy in your work. You might want to share specific instances where your attention to detail made a significant impact.
✨Emphasise Team Collaboration
As a collaborative team player, it's important to convey your ability to work well with others. Prepare to discuss how you've successfully collaborated with different teams or stakeholders in previous roles.