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- Tasks: Lead the placement of bespoke and specialty reinsurance contracts while supporting the team with analysis.
- Company: The Fidelis Partnership is a top-tier (re)insurance business with a 40-year track record of success.
- Benefits: Enjoy a dynamic work environment with opportunities for growth, innovation, and collaboration.
- Why this job: Join a diverse team focused on impactful solutions in the insurance industry while developing your analytical skills.
- Qualifications: A university degree in a numerate field and 5+ years of relevant experience are required.
- Other info: Embrace a culture that values diversity, inclusion, and open communication.
The predicted salary is between 48000 - 72000 £ per year.
About us
The Fidelis Partnership is a leading specialty, bespoke and (re)insurance business. We have built our name on a 40-year track record of outperformance, and we continue to beat the market in our underwriting and returns. More information on The Fidelis Partnership can be found at www.fidelispartnership.com.
The Company currently writes lines of business including specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.
Role Overview
This role will be an essential part of the Outwards Reinsurance Placement & Analytics team, reporting to the Head of Ceded Reinsurance. The Placement Manager’s role is to support and help lead the wider Ceded Reinsurance team in pre- and post-placement analysis and placement of Fidelis group’s Bespoke and Specialty (B&S) outwards reinsurance program including the full spectrum of Specialty Lines (Marine, Energy, Terror, Aviation and Whole Account) but with lots of opportunity to also work on Property, Credit, Casualty and Retro.
The incumbent is expected to possess a strong level of insurance systems and data knowledge and a very strong understanding of technical Outwards RI concepts, allowing them to lead both large placements and smaller proportional and non-proportional placements, as well as providing high quality data and analytical insight and contributing to the Outwards RI project workstream.
Role Responsibilities
- Lead placement for B&S treaty contracts including MGA specific covers, owning end-to-end contract lifecycle.
- Assist the Outwards Reinsurance team with the placement process of larger B&S treaty placements.
- Work alongside Underwriting to identify required coverage and contribute to Outwards RI strategy discussions on B&S.
- Provide marketing support including establishing contact lists, preparing presentations, and recording capacity offered.
- Build and maintain strong market relationships with brokers and reinsurers.
- Work with Risk and Actuarial to compile exposure data for protected classes of business and create submission packs for B&S placements.
- Provide high levels of service and ORI technical guidance to ORI Operations, Underwriting, Actuarial and Finance teams.
- Respond promptly to reinsurer and broker queries.
- Assist in the production of reinsurer stats, programme summaries and schematics.
- Drive production of high-quality MI and variance analysis to support reporting and placement of reinsurance programmes.
- Contribute to the Outwards RI workstream of the Business Transformation project.
- Assist with broker meetings, providing reinsurers security review, brokerage stats etc.
- Assist with the peer review of certain tasks carried out by colleagues.
- Undertake any reasonable duties as may be requested by the Outwards Reinsurance Team.
Skills & Experience
- University degree, preferably in a numerate field (finance, statistics, economics, mathematics, etc.).
- 5+ years’ experience in a similar role.
- A strong level of insurance and reinsurance knowledge required.
- Strong knowledge of the Microsoft Suite of applications with Excel skills such as iterative formulae (nested ifs), multi-criteria lookups (index, match), sumifs and pivot tables. Power query/VBA/SQL experience a plus, but not required.
- Strong analytical and organizational skills.
- Ability to work effectively as part of the Outwards Reinsurance Team as well as with other key stakeholders across different functions within the organization.
- Ability to work under pressure and handle a varied, fluctuating workload.
The Fidelis Partnership Ethos
Our culture is defined by our ethos. It is the foundation of who we are and the core of everything we do.
- Results – We want to be the best at the things we care about, so we focus on profitability over volume, with responsive decision-making and clear prioritised accountability.
- Innovate – We aspire to lead the market in providing the services and products our clients need, and to drive change in the broader impact our industry has on human rights, society, and environmental sustainability.
- Include – We create an environment where employees can bring their whole self to work, with open communication where everyone, irrespective of gender, ethnicity, sexual orientation or background, feels able to contribute ideas and be recognised and rewarded for their contribution.
- Unite – We operate as a team of individual talents that actively seeks to reflect the diversity of the societies in which we operate, giving our business the widest range of inputs and perspectives.
- Respond – We work in a business exposed to sudden shocks and changes – elemental, political, economic and human – so we remain nimble and ready for change.
Diversity, Equality & Inclusion
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across The Fidelis Partnership.
Outwards Reinsurance Placement Manager employer: The Fidelis Partnership
Contact Detail:
The Fidelis Partnership Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Outwards Reinsurance Placement Manager
✨Tip Number 1
Familiarise yourself with the specific lines of business mentioned in the job description, such as marine, energy, and aviation. Understanding these areas will help you engage in meaningful conversations during interviews and demonstrate your knowledge of the industry.
✨Tip Number 2
Network with professionals in the reinsurance sector, especially those who have experience with outwards reinsurance placements. Attend industry events or join relevant online forums to build connections that could provide insights or referrals for the role.
✨Tip Number 3
Brush up on your analytical skills, particularly with Excel. Since the role requires strong data analysis capabilities, being able to showcase your proficiency with advanced Excel functions during discussions can set you apart from other candidates.
✨Tip Number 4
Research The Fidelis Partnership's ethos and values thoroughly. Be prepared to discuss how your personal values align with theirs, particularly around innovation, inclusion, and responsiveness, as this will show your genuine interest in the company culture.
We think you need these skills to ace Outwards Reinsurance Placement Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Outwards Reinsurance Placement Manager position. Understand the key responsibilities and required skills, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in insurance and reinsurance, particularly any roles that involved placement management or analytics. Use specific examples to demonstrate your expertise in the relevant areas mentioned in the job description.
Showcase Analytical Skills: Given the importance of analytical skills for this role, include examples of how you've used data analysis in previous positions. Mention any specific tools or software you are proficient in, such as Excel, and how you have applied them to achieve results.
Tailor Your Cover Letter: Craft a personalised cover letter that reflects your understanding of The Fidelis Partnership's ethos and values. Discuss how your background aligns with their focus on results, innovation, inclusion, and diversity, and express your enthusiasm for contributing to their team.
How to prepare for a job interview at The Fidelis Partnership
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities and expectations of the Outwards Reinsurance Placement Manager role. Familiarise yourself with the specific lines of business mentioned in the job description, such as Marine, Energy, and Aviation, so you can speak confidently about your relevant experience.
✨Showcase Your Analytical Skills
Given the emphasis on data analysis in this role, be prepared to discuss your analytical skills and how you've applied them in previous positions. Highlight your proficiency with Excel and any experience with tools like Power Query or SQL, even if it's not required, as it could set you apart from other candidates.
✨Demonstrate Relationship-Building Abilities
The role requires building strong market relationships with brokers and reinsurers. Be ready to share examples of how you've successfully developed and maintained professional relationships in the past, and discuss your approach to networking within the industry.
✨Align with Company Values
Familiarise yourself with The Fidelis Partnership's ethos and values, such as innovation, inclusion, and responsiveness. During the interview, express how your personal values align with theirs and provide examples of how you've embodied these principles in your work.
