Reinsurance Purchaser

To assist 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