SonicJobs Logo
Left arrow iconBack to search

Reinsurance Contract Specialist

IDEX Consulting Ltd
Posted 12 hours ago, valid for 13 days
Location

London, Greater London EC1R 0WX

Salary

£26,400 - £39,600 per annum

info
Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

info
  • An outstanding opportunity exists to join a leading global reinsurance business, focusing on the management of reinsurance contracts and wordings for a diverse client portfolio.
  • The role involves drafting and reviewing contracts, coordinating with brokers, and ensuring compliance with industry standards and guidelines.
  • Candidates should possess a law degree or relevant industry experience, along with excellent written communication skills and a strategic mindset.
  • A minimum of 3-5 years of experience in the (re)insurance sector is preferred, and a salary range of $80,000 to $120,000 is offered depending on experience.
  • The position also provides opportunities for professional development through industry training and mentoring programs.

An outstanding opportunity to join a leading global reinsurance business. You will be responsible for the management of reinsurance contracts and wordings across a global portfolio of reinsurance clients. Your day to day duties will include:

  • Draft and review reinsurance contracts, attending documentation and related correspondence
  • Assist brokers, clients, and markets in resolving issues related to contract wording
  • Draft, review and endorse documentation for the London Market (London Slips)
  • Review contract documents for completeness, accuracy and consistency
  • Coordinate with broker colleagues to review reinsurance contract terms
  • Contribute to maintenance of library of clauses
  • Monitor statutory positions, regulatory guidelines, judicial decrees, current wording issues and industry trends affecting reinsurance contracts
  • Ensure that general processing and quality of assigned accounts complies with team guidelines
  • Participate in marketing presentations to prospective and existing clients
  • Gain industry knowledge by participating in industry training and mentoring programs
  • Perform other related duties as assigned

Skills and experience required

  • Law graduate or experience in the industry, with proven knowledge of (re)insurance practices
  • Excellent written communication skills, including demonstrated/advanced competence in all facets of reading, writing and communicating in English
  • Strategic and analytical thinker, including basic math proficiency and problem solving
  • Detail oriented
  • Adaptable to other proprietary systems/applications as demonstrated by previous experience with other platforms
  • Nominal travel may be required

Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy.

Our Diversity, Equity and Inclusion Mission

At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.