Current jobs related to Reinsurance Purchaser - UK, UK - Nashrock Insurance Recruitment

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