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Reinsurance Manager

MW Appointments
Posted 8 hours ago, valid for 15 days
Location

London, Greater London EC2V7NQ, England

Salary

£24,000 - £28,800 per annum

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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

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  • Become a key member of an established UK general insurer with an A- rating as a Reinsurance Manager.
  • The role requires 6+ years of experience in reinsurance and involves managing the company's reinsurance risk management system and network development.
  • Responsibilities include overseeing the annual treaty renewal, daily management of reinsurance business, and leading settlements and payments.
  • The position offers a permanent contract with a salary open to negotiation based on expertise and experience, along with a benefits package and annual bonus scheme.
  • Hybrid working options are available, and interested candidates are encouraged to apply promptly.

Become a key member within an establish UK general insurer, who possesses an A- rating. In this role the Reinsurance Manager will report directly to the CUO and hold a wide brief across all aspects of the reinsurance programme.

Responsibility:

  • Establish and improve the company's reinsurance risk management system, formulate and implement the company's reinsurance business management system, clarifying the work procedures and management authority, and implementing risk supervision and verification;
  • Responsible for reinsurance channel development, reinsurance network construction, and credit management of reinsurance recipients and reinsurance brokers;
  • Responsible for the annual treaty renewal;
  • Responsible for the daily management of the reinsurance business according to the company's business structure and risk statuses such as renewal of reinsurance contract, facultative reinsurance, and commission fee;
  • Responsible for the functional maintenance and improvement of the reinsurance system;
  • Responsible for statistical analysis of reinsurance business and disclosure and submission of external reinsurance information.
  • Responsible for lead the reinsurance settlements and payments; check the inputs information on GIS, and liaising with our Finance team on the monthly, quarterly and half yearly Statement of Accounts.
  • Proactively assist with yearly internal audit queries and material submission

Requirements:

  • 6+ years' experience in reinsurance
  • Good knowledge of reinsurance market, policies, and procedures with first-hand experience of implementation of these
  • Excellent collaboration skills, interpersonal skills, project management skills, analytical skills
  • Ability to work both independently and as part of a team while meeting meaningful deadlines
  • Attention to detail and strong analytical skills, self-motivated and ability to multi-task while managing priorities
  • Strong interpersonal skills and good oral and written communication skills.
  • Good skills in MS office (Excel, Word, PPT) Outlook and internet applications

What is on offer

  • Permanent contract
  • Salary is open, depending on expertise and experience
  • Benefits package & annual bonus scheme
  • Hybrid working options

REF: 9884

Interested? Please apply today and we will contact you by return.

MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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.