Delegated Authority Portfolio Manager
3 weeks ago
We are seeking a highly skilled Delegated Authority Portfolio Manager to join our Operations Team in London.
This role requires a minimum of 5 years of experience in the Delegated Authority space, with a strong preference for candidates possessing end-to-end knowledge of Delegated Authority agreements.
The successful candidate will be responsible for onboarding new binders and facility structures, ensuring a comprehensive understanding of how various areas of a Delegated Authority impact functions within a large MGA.
Key Responsibilities:
- Manage delegated authority facilities while overseeing the renewal process in collaboration with the teams DA Analyst, ensuring timely and accurate placement of all facilities.
- Evaluate, negotiate, and manage delegated authority arrangements effectively, ensuring alignment with the company's strategic objectives and risk appetite.
- Lead the negotiation, placement, and ongoing management of retrocession agreements, ensuring optimal coverage and risk management.
- Ensure compliance with all relevant regulatory requirements, industry standards, and internal policies throughout the reinsurance placement process.
Requirements:
- 5 years of experience in the Delegated Authority space, with a strong preference for candidates possessing end-to-end knowledge of Delegated Authority agreements.
- Experience in reinsurance, specifically with a focus on binders, delegated authorities, and retrocession contracts.
- Strong knowledge of the London insurance and reinsurance market, including an understanding of market practices, key players, and regulatory frameworks.
Estimated Salary: £60,000 - £80,000 per annum, depending on experience. We offer a competitive benefits package via a flexible benefits platform, where employees can tailor their benefits according to their individual needs.
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