Ceded Reinsurance Technician

About us

Avencia Consulting are partnered with a leading Reinsurer based in the City who are looking to hire a Ceded Reinsurance Technician to join on a permanent basis. The role is based on site in their London office, 5 days a week.

The role

This role will be an essential part of the Outwards Reinsurance Placement & Analytics team, reporting to the Head of Ceded Reinsurance. The Assistant Placement Manager's role is to support the wider Ceded Reinsurance team in pre- and post-placement analysis and placement of the group's Bespoke and Specialty (B&S) outwards reinsurance program.

The incumbent is expected to possess a strong level of insurance systems and data knowledge and a very strong understanding of technical Outwards RI concepts, allowing them to contribute to large placements and own the process for smaller placements, as well as providing high quality data and analytical insight and contributing to the Outwards RI project workstream.

Key accountabilities

• Execute placement for B&S treaty contracts including MGA specific covers, owning end-to-end contract lifecycle
• Assist the Outwards Reinsurance team with the placement process of larger B&S treaty placements
• Work alongside Underwriting to identify required coverage and contribute to Outwards RI strategy discussions on B&S
• Provide marketing support including establishing contact lists, preparing presentations, and recording capacity offered
• Build and maintain strong market relationships with brokers and reinsurers
• Work with Risk and Actuarial to compile exposure data for protected classes of business and create submission packs for B&S placements
• Provide high levels of service and ORI technical guidance to ORI Operations, Underwriting, Actuarial and Finance teams
• Respond promptly to reinsurer and broker queries
• Assist in the production of reinsurer stats, programme summaries and schematics
• Drive production of high-quality MI and variance analysis to support reporting and placement of reinsurance programmes
• Contribute to the Outwards RI workstream of the Business Transformation project
• Assist with broker meetings, providing reinsurers security review, brokerage stats etc
• Assist with the peer review of certain tasks carried out by colleagues
• Undertake any reasonable duties as may be requested by the Outwards Reinsurance Team

Skills & experience

• University degree, preferably in a numerate field (finance, statistics, economics, mathematics, etc.)
• 3-5 years' experience in a similar role
• A strong level of insurance and reinsurance knowledge required.
• Strong knowledge of the Microsoft Suite of applications with Excel skills such as iterative formulae (nested ifs), multi-criteria lookups (index, match), sumifs and pivot tables. Power query/VBA/SQL experience a plus, but not required.
• Strong analytical and organizational skills
• Ability to work effectively as part of the Outwards Reinsurance Team as well as with other key stakeholders across different functions within the organization.
• Ability to work under pressure and handle a varied, fluctuating workload.