At a Glance
- Tasks: Liaise with stakeholders to facilitate reinsurance purchases and assist with submissions.
- Company: Dynamic insurance firm focused on building strong market relationships.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth and skill enhancement in a fast-paced industry.
- Why this job: Join a vibrant team and make an impact in the reinsurance market.
- Qualifications: 3 years of insurance experience and strong analytical 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 in London 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 in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Westfield Insurance). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Westfield Insurance. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Ceded Reinsurance Associate in London
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 Westfield Insurance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Westfield Insurance. 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 Westfield Insurance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Westfield Insurance 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 Westfield Insurance, 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 Westfield Insurance'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.
