At a Glance
- 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: Competitive salary, 30 days leave, private health cover, and learning budget.
- Other info: Dynamic environment with opportunities for professional growth and development.
- Why this job: Make a real impact in a key role while gaining valuable industry experience.
- Qualifications: 5+ years in reinsurance and strong numerical skills required.
The predicted salary is between 60000 - 70000 € 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
Interim Senior Operations Specialist – Ceded Reinsurance in London employer: Gofractional
Join a dynamic and collaborative team as an Interim Senior Operations Specialist in Ceded Reinsurance, where your contributions will directly impact the efficiency and quality of our processes. Located in the heart of London, we offer a competitive salary, generous annual leave, and a strong commitment to employee growth through learning and wellbeing initiatives. Our supportive work culture fosters teamwork and innovation, making it an excellent place for professionals seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Interim Senior Operations Specialist – Ceded Reinsurance in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry, especially those who might know about opportunities at companies like ours. A friendly chat can sometimes lead to a foot in the door.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of ceded reinsurance processes. We love candidates who can speak our language and show they understand the ins and outs of the role. Practice common interview questions and have your own ready!
✨Tip Number 3
Showcase your collaborative spirit! Since this role is all about teamwork, be ready to share examples of how you've successfully worked with others in past roles. We want to see that you can thrive in a team-oriented environment.
✨Tip Number 4
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 StudySmarter.
We think you need these skills to ace Interim Senior Operations Specialist – Ceded Reinsurance in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Interim Senior Operations Specialist. Highlight your experience in Ceded 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 the perfect fit for our team. Mention specific experiences that relate to the key responsibilities listed in the job description. We love a good story!
Showcase Your Team Spirit:Since this role requires a collaborative approach, make sure to highlight your teamwork skills. Share examples of how you've successfully worked with others in past roles. We value a team-oriented mindset at StudySmarter!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be all set!
How to prepare for a job interview at Gofractional
✨Know Your Ceded Reinsurance Basics
Before the interview, brush up on your knowledge of ceded reinsurance and its processes. Understand the key responsibilities mentioned in the job description, like pre-bind purchase activities and collateral reporting. This will show that you’re not just familiar with the terminology but also understand how it applies to the role.
✨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, especially in relation to underwriting systems or similar environments. This will demonstrate your solution-focused mindset.
✨Emphasise Team Collaboration
This position requires a collaborative approach, so be ready to share examples of how you've worked effectively within a team. Highlight any cross-functional projects you've participated in and how you contributed to their success. This will help illustrate your ability to liaise with various teams, as mentioned in the job description.
✨Prepare Questions for Them
Interviews are a two-way street, so come prepared with thoughtful questions about the Ceded Reinsurance team and their current projects. Ask about their goals for improving efficiency and quality in ceded reinsurance processes. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
