Delegated Authority Specialist
1 day ago
Rokstone Underwriting is a leading international underwriting MGA and approved Lloyd's of London coverholder, part of the Aventum Group.
We operate in a hybrid model, valuing flexibility and work-life balance.
We offer a competitive benefits package via a flexible benefits platform, allowing employees to tailor their benefits according to individual needs.
Employee development is key to our ongoing development. We invest in our people, empowering them to grow their careers and advance within the Group.
Job Description:We seek an experienced Reinsurance Underwriting Analyst to join our Operations Team in London, requiring 5 years of experience in the Delegated Authority space, preferably with end-to-end knowledge of Delegated Authority agreements.
This role involves portfolio management, strategic delegated authority management, retrocession contract oversight, compliance and regulatory oversight, and onboarding and facility structures.
You will be responsible for evaluating, negotiating, and managing delegated authority arrangements, ensuring alignment with strategic objectives and risk appetite.
In addition, you will be expected to negotiate, place, and manage retrocession agreements, ensuring optimal coverage and risk management.
A strong understanding of the London insurance and reinsurance market, including market practices, key players, and regulatory frameworks, is essential for this role.
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.
- Proven track record in managing Delegated Authority portfolios, with the ability to handle complex renewals and negotiate favourable terms.
- Competitive salary ranging from £80,000 - £110,000 per annum.
- Flexible benefits package via a flexible benefits platform.
- Ongoing employee development and training.
- Hybrid work model, valuing flexibility and work-life balance.
- Excellent communication and relationship-building skills, with the ability to collaborate effectively with internal and external stakeholders.
- Analytical mindset with the ability to assess risks, conduct data analysis, and make informed decisions.
- Strong organisational skills and attention to detail, with the ability to manage multiple priorities and meet deadlines.
- Proficiency in relevant software applications and tools, such as MS Office suite and reinsurance management systems as applicable.
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