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Domain Trainee-Reinsurance Underwriting
3 months ago
With a startup spirit and 115,000+ curious and courageous minds, we have the expertise to go deep with the world's biggest brands—and we have fun doing it. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We're harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. Now, we're calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing., People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower. Welcome to the relentless pursuit of better.
We are inviting applications for the role of Domain Trainee - Reinsurance
In this role you will be responsible for collaborating with appropriate reinsurance resources (i.e., Underwriting, Reinsurance, Accounting, Operations, IT, etc.) to report and provide resolution to issues preventing the accurate and timely completion of facultative reinsurance premium booking transactions
Responsibilities:
Understand all reinsurance processes and be able to research and process daily assumed/Ceded reinsurance new business as well as renewal transactions Balance the placement of new and renewal reinsurance treaties. At strategic level, understand how each reinsurance program supports the activities for instance by enabling premium growth, owning the premium, surplus ratio, or reducing exposure to catastrophic loss Providing Facultative support and services to clients from UK, US and APAC region. Adherence to underwriting rules and guidelines and developing good customer relationships through providing outstanding service. Meet regularly with business unit leaders and with Head of Reinsurance to discuss strategic value of reinsurance placements and make recommendations to leadership on the placement of new reinsurance treaties Maintain work tracking system to provide up to date and accurate metrics on facultative reinsurance submission premium booking activity Exception handling of complex facultative reinsurance agreements that require processing outside the standard reinsurance workflow.Qualifications we seek in you
Minimum Qualification
B.Com / B.Sc / B.A·Any graduate except technical
·Expereincein Underwriting Reinsurance/Insurance
·Open but prior Underwriting Service in Reinsurance /Insurance company experience preferred
Preferred Skill Set
Required in P&C Reinsurance (Facultative & Treaty) experience·Good understanding of Reinsurance underwriting cycle (Subs to Certificate issuance)
·Knowledge of Endorsement processing and Premium calculations
·Exposure to UK & US Reinsurance markets
·Preferred Certification in Insurance & Reinsurance e.g. LM1, LM2, IIA & ARE
Advance excel knowledge required·Good written and Verbal Communication
·Good in Analytical skills
