Senior Operations Specialist – Ceded Reinsurance
Department: Underwriting - Reinsurance
Employment Type: Fixed Term - Full Time
Location: London, UK
Description
This is a 6-months' fixed term contract to cover parental leave. The purpose of this role is to support the Ceded Reinsurance team in the administration of various Ceded Reinsurance activities, focusing more directly on pre-bind purchase activities. This is a key role within Ceded Reinsurance and requires a collaborative, team-oriented approach.
In addition to day-to-day operational activities, you will also be actively working across various tactical and strategic projects to increase efficiency and quality of ceded reinsurance processes.
Key Responsibilities
- Administration of pre-bind ceded reinsurance activities, including submission packs, security compliance and operational feasibility.
- Liaise, rinse and cleanse underwriting data from underwriting systems to meet submission and system automation requirements.
- Liaise and co‑ordinate broker communications and messaging both on the placement and operations side of the business.
- Understand, implement and manage updates to various Ceded Re policies and procedures.
- Manage Ceded Re Collateral reporting and adequacy. Development of collateral process in new Ceded Reinsurance application.
- Maintain and enhance ceded reinsurance metrics and dashboard.
- Participate in various cross functional projects and initiatives, as required.
- Assist in the co‑ordination and facilitation of reinsurer audits.
- Preparation and regular update of Group and Entity Programme schematics.
- US and UK MGA ceded data preparation.
- Portfolio transfer planning and execution.
- Strategic ceded relationship management.
- Structuring and supporting regulatory reporting.
Who you’ll work with:
- Ceded Re team
- Convex Operations outsourcing partner
- Finance and Actuarial team
- Convex UW, Claims, Technology, Change and Data teams
Skills Knowledge and Expertise
- At least 5 years’ experience in Reinsurance / Outward Reinsurance
- Understanding of London Market insurance.
- Ability to work with large numerical datasets.
- Solution focused – driving constant change and improvement.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
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