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- Tasks: Support post reinsurance placement, process contracts, and manage premium recoveries.
- Company: Join a leading firm in the London market with a strong reputation in reinsurance.
- Benefits: Enjoy a permanent role with opportunities for growth and collaboration.
- Why this job: Be part of a dynamic team, improve processes, and make an impact in the industry.
- Qualifications: Previous reinsurance experience and understanding of contract structures are essential.
- Other info: Located in vibrant London, this role offers a chance to develop your skills.
The predicted salary is between 36000 - 60000 £ per year.
The Outwards Reinsurance Analyst is responsible for supporting the management of post outwards reinsurance placement administration; ensuring accurate and timely processing of outwards reinsurance contracts, premium, and recoveries and supporting the outwards reinsurance netting-down process
- Location: London
- Type: Permanent
Key Duties (Including but not limited to):
- Processing of outwards reinsurance policies into the policy admin system, ensuring policy documentation is stored in the DMS
- Support the outwards reinsurance netting-down process
- Review and reconcile FAC RI to inwards premium and claims bordereaux
- Production of statements for outwards reinsurance recovery collection and premium statements
- Previous reinsurance experience, preferably in Lloyd’s and/or London market
- An understanding of reinsurance contract structures (Excess of Loss, Quota Share, Facultative, etc.)
- High ability to quickly detect process inefficiencies and take initiative to suggest and collaborate with colleagues on finding ways to improve processes
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Outwards Reinsurance Analyst – 28712 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Outwards Reinsurance Analyst – 28712
✨Tip Number 1
Familiarise yourself with the specific reinsurance contract structures mentioned in the job description, such as Excess of Loss and Quota Share. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those who have experience in the Lloyd’s and London market. Engaging with them can provide valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Stay updated on current trends and challenges in the reinsurance sector. Being knowledgeable about recent developments can give you an edge in discussions during interviews and show that you are proactive about your professional growth.
✨Tip Number 4
Prepare to discuss examples of how you've identified process inefficiencies in previous roles. Highlighting your problem-solving skills and ability to collaborate with colleagues will resonate well with the responsibilities outlined in the job description.
We think you need these skills to ace Outwards Reinsurance Analyst – 28712
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of the Outwards Reinsurance Analyst. Familiarise yourself with key duties such as processing reinsurance policies and supporting the netting-down process.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous reinsurance experience, especially in the Lloyd’s or London market. Mention specific roles or projects that demonstrate your understanding of reinsurance contract structures.
Showcase Analytical Skills: Since the role requires detecting process inefficiencies, provide examples in your application of how you've identified and improved processes in past positions. Use quantifiable results where possible.
Tailor Your Application: Customise your CV and cover letter to reflect the specific requirements mentioned in the job description. Use keywords from the posting to ensure your application stands out to hiring managers.
How to prepare for a job interview at The Emerald Group
✨Know Your Reinsurance Basics
Make sure you have a solid understanding of reinsurance contract structures like Excess of Loss, Quota Share, and Facultative. Being able to discuss these concepts confidently will show your expertise and readiness for the role.
✨Demonstrate Process Improvement Skills
Prepare examples of how you've identified process inefficiencies in previous roles and the steps you took to improve them. This will highlight your initiative and problem-solving abilities, which are crucial for this position.
✨Familiarise Yourself with the Company
Research the company’s approach to outwards reinsurance and their position in the Lloyd’s and London market. Showing that you understand their operations will demonstrate your genuine interest in the role.
✨Be Ready for Technical Questions
Expect technical questions related to post outwards reinsurance placement administration and premium processing. Brush up on relevant terminology and processes to ensure you can answer confidently and accurately.
