Reinsurance Lead

Summary

Join Wakam's Reinsurance team as the Reinsurance Lead and manage the company's outwards reinsurance program. You will be the primary contact for brokers and reinsurers, proactively improving reinsurance strategies and conditions. Responsibilities include leading treaty renewals and negotiations, assessing new treaties, managing operational issues, and maintaining reinsurance policy documentation. You will also participate in projects to improve procedures and present to relevant committees. This role requires demonstrable knowledge of outwards reinsurance, strong experience in technical reinsurance operations, and excellent communication and analytical skills. Wakam offers a full-remote work environment and a unique, collaborative culture.

Requirements

• Demonstratable knowledge if Outwards Reinsurance
• Strong experience of technical reinsurance operations, including reinsurance systems, procedures and regulatory reporting requirements at a UK insurance company
• Relevant experience of Reinsurance operations or similar Experience in developing and strengthening departments, to include enhanced policies & procedures, and reporting
• Requirement to travel on occasion, depending on business requirements
• Excellent MS Office skills, in particular excel
• Detail-oriented and have the ability to multitask
• Team player with good interpersonal skills
• Able to analyse data and provide concise summary and / or recommendations
• Able to interact effectively with stakeholders at all levels, including senior management teams, both internally and externally
• Strong knowledge of the regulations and compliance standards within the insurance industry
• Excellent communication skills to effectively interact with clients, employees, and management
• A problem-Solving mindset to identify issues and find creative solutions to challenges that arise within the company

Responsibilities

• Lead the day to day management of the Outwards Reinsurance program including provision of data, premium payments, claim notifications and recoveries
• Act as a principle point of contact for Reinsurance Brokers and Reinsurers
• Proactively identify and propose actions to improve reinsurance conditions and effectiveness of reinsurance strategy for the company
• Engage with all relevant departments, group & third parties as required to assess the company’s reinsurance requirements
• Lead activities for renewal, negotiations of reinsurance conditions; review addendums and endorsements for in force treaties
• Support assessment of new reinsurance treaties (review treaties, covers and slip notes; review and assess terms and conditions; profitability; risk mitigation; compliance with regulations)
• Manage operational issues and all account queries, including special risk and acceptances
• Maintain inventory of reinsurance treaty and reinsurance conditions. Responsibility for the collation of all placing information
• Responsibility for updating and maintenance of the Outwards Reinsurance Policy
• Projects - lead and / or join projects for the improvement of current procedures, covers and business development
• Participate to and present all the relevant committees. Monitor and report on ratings of reinsurers reporting to Risk Committees and Board
• Assist in the identification of potential risks (credit, market, operational) related to reinsurance activities and support risk management frameworks
• Manage and maintain robust relationships across the group, representing Reinsurance Operations on internal working groups or committees

Preferred Qualifications

• Strong knowledge of cross border pan European insurance markets desirable
• Innovative and creative with willingness to bring new ideas to improve processes
• Ability to establish credibility

Benefits

• Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ⛵) with our Wakam From Anywhere (WFA) program
• Every last Friday of the month, it's Free.day @Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you)