A leading Lloyd's Syndicate have a new opening for a Ceded Reinsurance Purchasing Analyst. Applicants should have prior experience within a reinsurance team, ideally within the RI purchasing division. A good understanding of Excel would be advantageous.
Key Responsibilities
Reinsurance Buying
- Develop an understanding of current and likely future reinsurance needs of the business units.
- Support the Reinsurance Manager with preparation of renewal submissions and marketing presentations.
- Produce data analysis to support the placement of reinsurance
- Support the co-ordination of reinsurance wordings creation and agreement
- Manage the placement process and controls on behalf of the Reinsurance Manager
- Support the Reinsurance Manager with liaison with the Technical Administration team to ensure the effective post-placement handover of all contracts.
- Build strong working relationships with reinsurance brokers and reinsurers
Operations
- Risk management: support the Reinsurance Manager with a system to ensure appropriate sign off from all relevant parties at every stage of the reinsurance purchasing process.
- Provide pro-active support to the Reinsurance Manager with the co-ordination of KPI calculations
- Provide the Ceded Reinsurance Reporting team with input into the Regulatory returns – e.g, Lloyd’s returns.
