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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 known for its innovative approach.
- Benefits: Enjoy competitive pay, career development opportunities, and a dynamic work environment.
- Why this job: Be part of a high-performing team that values growth, collaboration, and excellence.
- Qualifications: 5+ years in (re)insurance, strong leadership, and compliance experience required.
- Other info: Flexible working options available; ideal for self-starters who thrive in a team.
The predicted salary is between 43200 - 72000 £ per year.
1 day ago Be among the first 25 applicants
This range is provided by Next Employment Ltd. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Direct message the job poster from Next Employment Ltd
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.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Other
Industries
- Insurance, Insurance Agencies and Brokerages, Insurance Carriers
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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
Familiarise yourself with the specific reinsurance systems mentioned in the job description, such as SAP Reinsurance Management and Guidewire Policycenter. Having a solid understanding of these tools will not only boost your confidence but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work in reinsurance operations. Engaging with them on platforms like LinkedIn can provide you with valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss your leadership experience in detail during interviews. Think of specific examples where you've successfully managed teams or improved processes, as this will showcase your ability to embed a high-performing culture within the team.
✨Tip Number 4
Stay updated on regulatory compliance standards, especially Sarbanes-Oxley, as this is crucial for the role. Being able to articulate your knowledge and experience in this area will set you apart from other candidates.
We think you need these skills to ace Reinsurance Operations Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in reinsurance operations, particularly focusing on your leadership skills and technical expertise. Use keywords from the job description to align your experience with what the company is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention specific experiences that demonstrate your ability to lead teams and manage operational processes effectively, especially in relation to ceded facultative reinsurance.
Highlight Relevant Skills: In your application, emphasise your proficiency with key (re)insurance systems and your knowledge of Sarbanes-Oxley compliance. This will show that you have the technical skills necessary for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in the insurance industry.
How to prepare for a job interview at Next Employment Ltd
✨Showcase Your Leadership Skills
As a Reinsurance Operations Manager, you'll need to demonstrate your leadership abilities. Prepare examples of how you've successfully led teams in the past, focusing on coaching and developing staff while managing performance.
✨Understand Regulatory Compliance
Familiarise yourself with Sarbanes-Oxley and other regulatory requirements relevant to the role. Be ready to discuss how you've ensured compliance in previous positions and how you would implement controls in this new role.
✨Demonstrate Technical Proficiency
Highlight your experience with key (re)insurance systems like SAP Reinsurance Management or Guidewire Policycenter. Be prepared to discuss specific projects where you utilised these tools to improve operational efficiency.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about challenges you've faced in reinsurance operations and how you overcame them, particularly in relation to process improvements and data accuracy.
