At a Glance
- Tasks: Support reinsurance design, placement, and contracting while managing reinsurer relationships.
- Company: Join a leading firm in the reinsurance industry with a focus on innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic team environment with excellent career advancement potential.
- Why this job: Make an impact in the reinsurance sector and develop valuable industry connections.
- Qualifications: Experience in reinsurance placement and strong market relationships required.
The predicted salary is between 50000 - 65000 £ per year.
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
Reinsurance Placement Officer in Slough 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 Reinsurance Placement Officer in Slough
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Edenbrook). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Edenbrook. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Reinsurance Placement Officer in Slough
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Edenbrook.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Edenbrook. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Edenbrook
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Edenbrook to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Edenbrook, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Edenbrook's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
