At a Glance
- Tasks: Manage and optimise ceded retrocession portfolios while collaborating with brokers and stakeholders.
- Company: Join a diverse and inclusive team at PartnerRe, a leader in reinsurance.
- Benefits: Competitive salary, supportive work culture, and opportunities for professional growth.
- Other info: Embrace a collaborative culture that values diversity and empowers you to excel.
- Why this job: Make strategic decisions and impact the future of reinsurance in a dynamic environment.
- Qualifications: 5-15 years in non-life reinsurance with strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
We are seeking a proactive, organised and hardworking individual to join our Group Retrocession team. The role involves managing and optimising a diverse portfolio of ceded retrocession and reinsurance programmes across multiple lines of business, with broad exposure to both Cat and Non‑Cat protections. The position offers close interaction with internal stakeholders, brokers and senior client relationships, and the opportunity to contribute directly to strategic decision‑making.
Responsibilities
- Placement Management: Managing the process of data collection and selection to prepare a high‑quality submission to the market. Managing across the lifecycle of placements, including pre‑renewal kick‑offs, renewals, and post‑renewal de‑briefs/updates together with brokers. Ensuring that covers are purchased in accordance with security requirements, underwriting strategy and internal processes, as per the External Retrocession Policy.
- Support Retrocession Strategy: Supporting and contributing to the evaluation of retrocession strategy for selected lines of business. Working with internal stakeholders to understand portfolio development and risk drivers to recommend and optimise retrocession strategy, including new purchases. Analyzing and reporting on retrocession market, technical developments and new products, including consulting with brokers. Leading retrocession‑specific projects.
- Market Management: Building strong relationships with brokers and markets and representing PartnerRe at appropriate conferences and market events. Building structured marketing plans to ensure adequate touch points with brokers/markets throughout the year.
Education: University degree in a relevant field.
Experience: 5‑15 years of experience within non‑life reinsurance, ideally across multiple lines either in underwriting or broking. Strong understanding of reinsurance structures and contract wordings. Experience participating in or leading projects.
Skills & Qualities: Strong analytical mindset: able to interpret complex data and draw actionable insights. Effective communicator who can translate complex technical concepts into clear, concise messages and is comfortable communicating with executive‑level management. Strategic thinker with a solid grasp of negotiation. Collaborative and proactive team player comfortable navigating a matrixed and global organisation. Highly organised self‑starter with strong project management capabilities and impeccable attention to detail. Naturally curious, eager to learn new topics and form new relationships continuously. Proficiency in Excel – additional data analysis tools could be a plus (e.g. Power BI).
Additional Information: PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.
Equal Opportunity Statement: PartnerRe is an equal opportunities employer.
Senior Underwriter - Ceded Retrocession employer: PartnerRe
At PartnerRe, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work culture. Our Senior Underwriter - Ceded Retrocession role offers not only competitive benefits and opportunities for professional growth but also the chance to engage with a diverse portfolio and influential stakeholders in the reinsurance industry. Located in a dynamic environment, we empower our employees to thrive and contribute meaningfully to strategic decision-making while promoting diversity and inclusion across all levels.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Ceded Retrocession
✨Dive Into Industry Networking Events
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We think you need these skills to ace Senior Underwriter - Ceded Retrocession
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 PartnerRe.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at PartnerRe. 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 PartnerRe
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at PartnerRe 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 PartnerRe, 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 PartnerRe'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.
