Company:
Nashrock Insurance Recruitment
Location: London
Closing Date: 02/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
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
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Nashrock Insurance Recruitment
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