At a Glance
- Tasks: Liaise with stakeholders and assist in purchasing reinsurance while building strong relationships.
- Company: Dynamic insurance firm with a focus on collaboration and growth.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Exciting environment with potential for personal and professional growth.
- Why this job: Join a vibrant team and make an impact in the reinsurance market.
- Qualifications: 3 years of insurance experience and strong communication skills required.
The predicted salary is between 35000 - 45000 £ per year.
Key Accountabilities & Role Requirements:
- Liaise with internal and external stakeholders to facilitate purchasing of Reinsurance.
- Assist with packs, submissions and daily arrangements.
- Engage with Reinsurance market, building strong relationships across all areas of the business.
Skills & Competencies Required:
- Communication skills: ability to communicate clearly with internal stakeholders and external partners and brokers at all levels, both verbally and in writing.
- Administrative skills: highly organised and able to prioritise tasks effectively. Excellent attention to detail and an ability to meet deadlines.
- Presentation skills: ability to present to internal and external stakeholders.
- Analytical skills: numerically literate and able to analyse data.
- Compliance: ability to ensure compliance with all management and regulatory frameworks.
- Judgement / Decision-making skills: ability to approach problems logically, rationally and evaluate quantitative and qualitative data to assist with purchasing decisions.
- Relationship building: ability and confidence to establish and maintain excellent relationships with external stakeholders (such as brokers and reinsurers).
Qualifications & Experience:
- +/- 3 years Insurance experience, knowledge of multiple product lines, Lloyd’s market experience preferable.
- ACII qualification or working towards.
- A Levels or equivalent.
- Excellent IT skills – including intermediate Excel (ability to use formulas effectively and produce graphical data), and other Windows Office products.
- Strong numerical skills.
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
Ceded Reinsurance Associate employer: Westfield Insurance
As an Underwriting Assistant in Reinsurance, you will thrive in a dynamic and supportive environment that prioritises employee development and growth. Our company fosters a collaborative work culture where you can build meaningful relationships with brokers and clients while receiving comprehensive training to enhance your underwriting skills. Located in a vibrant area, we offer competitive benefits and a commitment to compliance and excellence, making us an exceptional employer for those seeking a rewarding career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Ceded Reinsurance Associate
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Westfield Insurance. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Ceded Reinsurance Associate
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Westfield Insurance.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Westfield Insurance's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Westfield Insurance
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Westfield Insurance.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Westfield Insurance will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Westfield Insurance employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
