At a Glance
- Tasks: Support reinsurance arrangements and manage reinsurer relationships.
- Company: Join a leading firm in the reinsurance industry with a collaborative environment.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Other info: Dynamic role with excellent career advancement opportunities.
- Why this job: Make an impact in the reinsurance sector while developing your career.
- Qualifications: Experience in reinsurance placement and strong market relationships required.
Reporting to the Head of Reinsurance, the Reinsurance Placement Officer will support the design, placement and contracting of reinsurance arrangements. Will be responsible for reinsurer relationship management and monitoring reinsurer performance.
Statement of responsibilities:
- Work closely with the Head of Reinsurance to enact reinsurance arrangements in accordance with the Reinsurance Risk Policy.
- Responsible for the contracting with reinsurers and ensuring contract certainty for all placements.
- Work with the Head of Reinsurance, CUO and legal counsel to ensure legal rights and protections are in place to align reinsurance to MGA and product level.
- Where necessary coordinate and oversee reinsurance brokers and MGAs regarding the placement of reinsurance, approving market presentations, wordings and structures.
- Work with the Head of Reinsurance and COO to ensure alignment of commercial terms with the underlying MGA contracts.
Key Duties:
- Work with Head of Reinsurance to co-ordinate with the Underwriting & Product Group due diligence and structured reinsurance solutions per MGA.
- Support the purchasing of reinsurance, contracting and placement.
- KPI monitoring of reinsurers, reinsurance brokers and performance data – linked to the MGA KPIs developed by the CUO.
- Monthly and annual reporting and review of our reinsurance position.
Required for the role:
- Proven track record in reinsurance placement and knowledge of the market.
- Good market relationships with reinsurance brokers and reinsurers.
Placement Officer required! in London employer: Edenbrook
Edenbrook is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in the financial reporting sector. With a strong commitment to employee development, we offer numerous growth opportunities and support for continuous learning, all while working in a dynamic environment that values integrity and excellence. Located in a vibrant area, our team enjoys a balanced work-life experience alongside competitive benefits tailored to enhance both personal and professional well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Placement Officer required! in London
✨Join Insurance Networks
Dive into local insurance networks or associations. Events like the British Insurance Brokers' Association conferences are goldmines for meeting industry professionals and could lead to placements like the one at Edenbrook. Don't shy away from introducing yourself and chatting about your interest in the field!
✨Leverage University Career Services
Your university's career services are a fantastic resource for securing a placement. They often have connections with companies, including those in the insurance sector like Edenbrook. Make sure you’re utilising their workshops and career fairs to make yourself visible to potential employers.
✨Get Hands-On with Work Experience
Seek out any additional work experience opportunities, even if they’re short-term. Roles like customer service in an insurance office can give you a foot in the door and useful insights. Plus, it shows future employers, like Edenbrook, that you’re proactive and eager to learn!
✨Follow Industry Trends
Stay updated on the latest trends and news in the insurance industry. Engaging with content on platforms like LinkedIn will help you join relevant discussions and showcase your knowledge. This could help you stand out when applying for placements at places like Edenbrook!
We think you need these skills to ace Placement Officer required! in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, strong analytical skills are crucial. Make sure to showcase any relevant coursework or projects that demonstrate your ability to evaluate risk and data. This could be stats, financial modelling, or even case studies that you've tackled during your studies.
Show You're Customer-Focused:Insurance is all about helping customers manage risks and navigate their options. In your cover letter, include specific examples of how you've provided excellent customer service or solved problems for clients in any capacity, be it during part-time jobs or volunteer work.
Tailor Your CV for the Sector:When crafting your CV, make sure you're using language and terminology that's familiar in the insurance field. Highlight any relevant insurance legislation or software skills you have, and mention any internships or courses that specifically relate to insurance. This is your chance to show you know what's what in the industry.
Express Your Eagerness to Learn:As this is a placement, companies will be looking for your motivation to learn and grow within the industry. In your application, don’t hold back! Let us know what you’re keen to learn and how you believe this opportunity at Edenbrook can kickstart your career in insurance.
How to prepare for a job interview at Edenbrook
✨Brush Up on Industry Knowledge
Since we're diving into the insurance sector, it’s crucial to brush up on industry trends and key players. Familiarise yourself with terms like underwriting, risk assessment, and claims management to show your solid understanding in the placement interview with Edenbrook.
✨Bring Your Analytical Skills to the Fore
Be prepared to discuss how you approach problem-solving and risk analysis. You might face case study questions that assess your ability to interpret data and make decisions based on it, which is key in the insurance field.
✨Show Your Eagerness to Learn
As this is a placement, your enthusiasm to learn and grow is paramount. Think about how you can convey your motivation to absorb knowledge quickly and how you can contribute to the team at Edenbrook while you’re learning.
✨Glam Up Your CV and Work Experience
Tailor your CV to highlight any relevant coursework, projects, or part-time roles that relate to insurance. If you’ve used any specific tools—like actuarial software or data analysis programmes—make sure to mention those. That'll catch their eye!
