A Lloyd's Syndicate have an exciting opportunity for a Reinsurance candidate to take responsibility for the day to day management of the outwards reinsurance placement workload and process for all lines of business.

Applicants should have experience of the placement process in reinsurance, ideally gained from working in an underwriting or outwards reinsurance department. Experience in working within the London Market or a Lloyd’s of London Syndicate would be useful. Solid knowledge of all Property, Casualty and Specialty lines of business, both proportional and non-proportional would also be advantageous. 


Duties and Responsibilities

Carry out the end-to-end outward reinsurance placement process in line with the group’s guidelines and policies.
Take ownership for a defined placement workload, carrying out and applying best practice processes to control and improve the placement process for the book.
Produce outwards reinsurance information (including all relevant MI) for business planning and strategic purposes.
Produce standardised renewal information and assist the Head of Outwards Reinsurance with managing the entire placement process through brokers and on a direct basis.
Monitor reinsurance security exposures
Assist in developing alternative forms of risk transfer.
Give support in structuring capital market transactions.
Assist the Head of Outwards Reinsurance to produce reports and all MI requirements and provide relevant information for the group’s Committees and Board Meetings.
Provide a central point of contact for all internal and external queries regarding the placement process.
Liaison with processing teams to ensure the end-to-end placement to recovery process runs effectively with minimal hand-offs.
Networking with brokers and re-insurers.
Provide constant dialogue with portfolio underwriters in order to understand the protection requirements of the portfolios.
Participate in team projects on an ad hoc basis.
End-to-end construction and production of Contract wordings working with In-House Legal Counsel concerning the proposed contracts.
Produce the required documentation for the Lloyd’s Regulatory Returns on a quarterly basis.
Provide advice to underwriters concerning the purchasing of facultative and specific reinsurance.
Act as liaison for internal and external auditors on matters concerning the placement process.
Making decisions on a day to day basis in respect of the individual workload.
Provide workable solutions or make recommendations, which will resolve and reduce barriers to the overall purpose of the role.
Identifying events which will have an impact on financial results and escalating them to the Head of Outwards Reinsurance.