Reinsurance Purchaser
other jobs Nashrock Recruitment
Added before 45 Days
- England,London,City of London
- full-time
- £90,000 - £120,000 per annum
Job Description:
Reinsurance Purchaser
To assust the Outwards Reinsurance department, secure coverage, manage programmes and relationships for allocated parts of the Line of Business portfolio. Main duties
* Placement of outwards Reinsurance (both XoL and Proportional)
* Analysis and review of prospective Reinsurance, evaluating portfolio risks and exposures
* Review and agreement of placing slips
* Maintaining good reinsurer and broker relationships
* Production of reinsurance renewal information / exhibits
* Review of underlying data for risk assessment and portfolio optimization
* Regular (quarterly) account analysis
* Provide information in order to respond to Reinsurer queries
* Monitoring account developments
* Provide cover across the Outwards Reinsurance Purchasers as required, with collaboration and flexibility to work on different programmes / across the broader team based on resourcing requirements
* Various ad-hoc tasks
Regulatory responsibilities
* Manage the relationships with Customers, Agents and Service Providers:
* Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
* Foster positive relationships with Customers and attain an understanding of their needs;
* Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
* Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers
Candidate Requirements as below.
* Reinsurance purchasing experience
* Good Reinsurer and broker relationships
* Programme ownership experience
* Good understanding of Reinsurance, Reinsurance purchasing process and risk appetite
* Good understanding of Insurance (desirable)
Technical
* Technical reinsurance skills
* Ability to analyse and understand RI Pricing/Rating
* Excellent knowledge of Excel
* Good knowledge of Word
* Highly numerate with good data manipulation skills
* Good awareness of risks and controls
* Experience of Adobe X Pro (desirable)
* Experience of XL pro (desirable)
Education & Experience
* Degree qualified
* ACII qualified or actively studying
Personal skills
* Analytical
* Hands on approach
* Energetic and enthusiastic
* Good communication skills (verbal and written)
* Excellent organisational skills
* Self motivated
* Personable and approachable
* Good team working abilities
* Commercial skills and relationship building
* Problem solving
To assust the Outwards Reinsurance department, secure coverage, manage programmes and relationships for allocated parts of the Line of Business portfolio. Main duties
* Placement of outwards Reinsurance (both XoL and Proportional)
* Analysis and review of prospective Reinsurance, evaluating portfolio risks and exposures
* Review and agreement of placing slips
* Maintaining good reinsurer and broker relationships
* Production of reinsurance renewal information / exhibits
* Review of underlying data for risk assessment and portfolio optimization
* Regular (quarterly) account analysis
* Provide information in order to respond to Reinsurer queries
* Monitoring account developments
* Provide cover across the Outwards Reinsurance Purchasers as required, with collaboration and flexibility to work on different programmes / across the broader team based on resourcing requirements
* Various ad-hoc tasks
Regulatory responsibilities
* Manage the relationships with Customers, Agents and Service Providers:
* Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
* Foster positive relationships with Customers and attain an understanding of their needs;
* Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
* Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers
Candidate Requirements as below.
* Reinsurance purchasing experience
* Good Reinsurer and broker relationships
* Programme ownership experience
* Good understanding of Reinsurance, Reinsurance purchasing process and risk appetite
* Good understanding of Insurance (desirable)
Technical
* Technical reinsurance skills
* Ability to analyse and understand RI Pricing/Rating
* Excellent knowledge of Excel
* Good knowledge of Word
* Highly numerate with good data manipulation skills
* Good awareness of risks and controls
* Experience of Adobe X Pro (desirable)
* Experience of XL pro (desirable)
Education & Experience
* Degree qualified
* ACII qualified or actively studying
Personal skills
* Analytical
* Hands on approach
* Energetic and enthusiastic
* Good communication skills (verbal and written)
* Excellent organisational skills
* Self motivated
* Personable and approachable
* Good team working abilities
* Commercial skills and relationship building
* Problem solving
Job number 1544234
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Company Details:
Nashrock Recruitment
Nashrock Recruitment is an independently owned, specialist Recruitment Agency, working with companies in the City of London, Greater London as well as...