Ceded Reinsurance Junior Buyer
Job description and person specification
Role: Ceded Reinsurance Junior Buyer
Division: Ceded Reinsurance
Job Summary:
Specialist international insurance company Beazley are looking for a Ceded Reinsurance Junior Buyer. The successful candidate will combine detailed knowledge of business requirements with market knowledge and problem solving skills to pro-actively and creatively support delivery of the businesses reinsurance needs.
Key Responsibilities
Provide proactive support to the Reinsurance Managers in the execution of their remit.
Reinsurance Buying
- Develop an understanding of current and likely future reinsurance needs of the business units.
- Support the Reinsurance Manager(s) 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(s)
- Support the Reinsurance Manager(s) with liaison with the Technical Administration Unit 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(s) 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(s) with the co-ordination of KPI calculations
- Provide the Ceded Reinsurance Reporting team with input into the Regulatory returns – e.g., Lloyd’s returns.
General
It is important that within all your interactions both internally and externally you adhere Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers." We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct
- Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system
- Display business ethics that uphold the interests of all our customers
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups
Personal Specification:
Skills and Abilities
- Proactive
- Analytical
- Ability to identify issues and to structure appropriate solutions
- Ability to communicate effectively
- Ability to develop and maintain strong relationships with external stakeholders and to motivate them to deliver superior results
- Good listening skills
- Team player
- Good working knowledge of MS Office products, especially Excel and PowerPoint
- Experience of database software preferable
Knowledge and Experience
- Basic knowledge of (re)insurance preferred
Aptitude and Disposition
- Displays initiative
- Sees solutions not problems
- Outcome focused
- Self-motivated
- Interested in understanding and assisting others
- Friendly / responsive
Don’t meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the JD, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
