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- Tasks: Lead and enhance operational processes in reinsurance for a top London insurance firm.
- Company: Join a leading London Market Insurance company with a strong focus on team culture.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Flexible, collaborative atmosphere with opportunities for professional development.
- Why this job: Make a real impact by improving processes and leading a high-performing team.
- Qualifications: 5+ years in (re)insurance, strong leadership, and compliance knowledge required.
The predicted salary is between 60000 - 75000 £ per year.
Leading London Market Insurance company, actively looking for an experienced Reinsurance Operations Lead with strong technical skills for their London office. The role will lead the operational and administrative processes, particularly in relation to ceded facultative reinsurance administration in UK Insurance Operations.
You will:
- Embed a high performing culture in the Insurance Operations team, steering the team vision, coaching, and developing staff, managing performance.
- Create and monitor controls to verify the completeness and accuracy of premium accounting entries, in line with financial standards including Sarbanes-Oxley.
- Provide high-quality risk data to reserving, pricing, and data functions to support analytics.
- Identify and implement process and control improvements across operational, underwriting, and reporting areas.
- Lead redesign of business processes for timely submission of facultative reinsurance accounts and policy data, considering controls, contractual, regulatory, and service requirements.
- Interpret contract wording from reinsurance certificates, slips, declarations, bordereaux, and endorsements.
- Understand ceding hierarchy and interpret contract wording from underlying insurance policies.
- Ensure accurate recording of facultative premium data and reconcile facultative results with reinsurance accounting.
- Act as liaison between Underwriting and Ceded Reinsurance Accounting for inquiries from reinsurers and brokers.
What you’ll bring:
- Minimum 5 years’ experience in specialty or property and casualty (re)insurance.
- Proven leadership skills and confidence in team management.
- Solid experience with Sarbanes-Oxley and regulatory compliance.
- Excellent communication and organizational skills.
- Flexible, team-oriented, with strong administrative abilities including prioritization and multitasking.
- Self-starter with the ability to manage workload independently.
- Effective team collaboration skills.
- Proficiency in Microsoft Office 365.
- Working knowledge of key (re)insurance systems (e.g., SAP Reinsurance Management, Genius, Guidewire Policycenter, ImageRight) is preferred.
Reinsurance Operations Manager employer: Next Employment Ltd
Contact Detail:
Next Employment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Operations Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in reinsurance. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of reinsurance processes. We recommend practising common interview questions related to operational management and compliance to show you mean business.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for tailored job listings that suit your expertise in reinsurance operations.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind for recruiters. It shows your enthusiasm for the role and reinforces your strong communication skills.
We think you need these skills to ace Reinsurance Operations Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Operations Manager role. Highlight your experience in specialty or property and casualty (re)insurance, and don’t forget to showcase your leadership skills and technical expertise!
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 job description, especially around operational processes and compliance.
Showcase Your Skills: We want to see your skills in action! Be sure to include examples of how you've implemented process improvements or managed teams effectively. This will help us understand how you can contribute to our high-performing culture.
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 makes the whole process smoother for everyone involved.
How to prepare for a job interview at Next Employment Ltd
✨Know Your Reinsurance Inside Out
Make sure you brush up on your knowledge of ceded facultative reinsurance and the specific processes involved. Familiarise yourself with key terms and concepts, as well as the regulatory standards like Sarbanes-Oxley that are crucial for this role.
✨Showcase Your Leadership Skills
Prepare examples that highlight your leadership experience and how you've successfully managed teams in the past. Think about times when you’ve coached staff or improved team performance, as these will resonate well with the interviewers.
✨Demonstrate Your Analytical Prowess
Be ready to discuss how you've provided high-quality risk data in previous roles. Prepare to explain your approach to monitoring controls and ensuring accuracy in premium accounting entries, as this is a key part of the job.
✨Communicate Clearly and Confidently
Practice articulating your thoughts clearly, especially when discussing complex topics like contract wording and business process redesign. Good communication skills are essential, so consider doing mock interviews to refine your delivery.