At a Glance
- Tasks: Lead reinsurance discussions and evaluate syndicate performance to manage risk effectively.
- Company: Join Lloyd's, the world's top insurance marketplace, dedicated to courage and collaboration.
- Benefits: Enjoy flexible hybrid work, generous pension, healthcare, and professional development support.
- Why this job: Be part of a diverse team driving innovative solutions for a sustainable future.
- Qualifications: Technical expertise in reinsurance and strong analytical skills are essential.
- Other info: Diversity and inclusion are core values; we support workplace adjustments and employee wellbeing.
The predicted salary is between 43200 - 72000 £ per year.
Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds , working together for a braver world. Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us. As a representative of the Reinsurance team within Lloyd’s Performance Management function, you will partner with syndicates from across the market to evaluate and impact the management of reinsurance risk, driving Lloyd’s market principles and regulatory best practices. Working collaboratively within Lloyd’s you will ensure reinsurance considerations are appropriately embedded, using your technical reinsurance expertise to identify trends and challenges, and leading the reinsurance oversight and planning processes for your portfolio of syndicates. Key Responsibilities: Technical validation, evaluation and analysis of syndicate level outwards reinsurance information Lead Reinsurance discussions and reviews with managing agents in regard to technical assessment of RI arrangements & management effectiveness Evaluate syndicate performance for reinsurance risk under Lloyd’s Principles Based Oversight framework Evaluate the Outwards Reinsurance elements of Syndicate Business Forecasts and Syndicate Capital Requirements Use technical expertise to research and investigate reinsurance trends and emerging issues, produce and present analysis, and handle technical referrals relating to reinsurance arrangements, contract wordings and counterparties. Engage with colleagues as well as managing agents, regulators, rating agencies and other external stakeholders around syndicate reviews and oversight, including response to referrals and queries. Provide technical input to the enhancement of the data and risk analysis reporting and evaluation tools used within the team. #LI-MARKETS #LI-HYBRID Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments,we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website . We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes. By choosing Lloyd’s, you’ll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems. Should you require any additional support with your application, or any adjustments, please click the following link; https://cleartalents.com/apply/lloyds-msa1645695881 Please note, clicking on this link does not register your application for the vacancy
Reinsurance Manager employer: Lloyd's
Contact Detail:
Lloyd's Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Manager
✨Tip Number 1
Familiarize yourself with Lloyd's market principles and regulatory best practices. Understanding these frameworks will not only help you in discussions but also demonstrate your commitment to the values that Lloyd's upholds.
✨Tip Number 2
Network with professionals in the reinsurance field, especially those who have experience working with syndicates. Building relationships can provide you with insights into the role and may even lead to referrals.
✨Tip Number 3
Stay updated on current trends and emerging issues in the reinsurance market. Being knowledgeable about recent developments will allow you to contribute meaningfully during interviews and discussions.
✨Tip Number 4
Prepare to discuss your technical expertise in evaluating reinsurance arrangements. Be ready to share examples of how you've successfully managed reinsurance risks in previous roles, as this will highlight your suitability for the position.
We think you need these skills to ace Reinsurance Manager
Some tips for your application 🫡
Understand the Company Values: Before applying, take some time to understand Lloyd's core values: bravery, collaboration, and integrity. Reflect these values in your application to show that you align with their mission.
Highlight Relevant Experience: In your CV and cover letter, emphasize your technical reinsurance expertise and any experience you have in evaluating syndicate performance or managing reinsurance risks. Use specific examples to demonstrate your skills.
Tailor Your Application: Customize your application materials to reflect the key responsibilities mentioned in the job description. Address how your background and skills will help you succeed in the role of Reinsurance Manager at Lloyd's.
Showcase Collaboration Skills: Since the role involves working collaboratively with various stakeholders, make sure to include examples of past teamwork experiences. Highlight your ability to engage with colleagues, regulators, and external partners effectively.
How to prepare for a job interview at Lloyd's
✨Understand Lloyd's Values
Before your interview, make sure you familiarize yourself with Lloyd's core values: bravery, collaboration, integrity, and inclusivity. Be prepared to discuss how your personal values align with these principles and provide examples from your past experiences.
✨Showcase Your Technical Expertise
As a Reinsurance Manager, you'll need to demonstrate your technical knowledge in reinsurance risk management. Prepare to discuss specific trends you've identified in the market, as well as any relevant analysis or evaluations you've conducted in previous roles.
✨Prepare for Collaborative Discussions
Collaboration is key in this role. Think of examples where you've successfully worked with diverse teams or stakeholders, such as managing agents or regulators. Be ready to explain how you approach discussions and ensure all voices are heard.
✨Highlight Your Problem-Solving Skills
Lloyd's values innovative solutions to complex problems. Prepare to share instances where you've tackled challenging situations in reinsurance or risk management, detailing your thought process and the outcomes of your actions.