About the team

The Reinsurance team is managing and optimizing reinsurance strategies to mitigate risk and enhance financial stability. The Reinsurance team plays a crucial role in securing partnerships to protect Wakam against large-scale financial exposures.

✎ Missions

Function Overview:

The Reinsurance Lead has the following responsibilities:

Key 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.

✯ Profile

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

✯ Working mindset

• Positive energy, agility, and team spirit. High energy, stamina, restless curiosity, and a commercial mindset. Has successfully navigated challenging environments.
• Solutions orientated, with the ability and confidence to challenge.
• Intellectually curious, highly capable, and eager to learn; able to deal with complexity; has the bandwidth to handle the demands of the role.
• Thinks and acts globally; capable of working effectively and collaboratively across an internationally diverse organisation.
• Personal confidence with humility. Gravitas and outstanding communication and interpersonal skills, applicable at all levels across the organisation.
• Proven experience of delivering by collaborating and leveraging relationships and building capability.
• Self-awareness and the ability to accept feedback and strive to continue to develop.
• High personal resilience, an optimistic self-starter with strong drive.
• A structured and flexible approach.
• The highest ethical standards in all interactions and decisions, fostering trust and credibility.
• A sense of ownership and accountability for the branch's success, taking responsibility for decisions and outcomes.
• A balanced approach that identifies and addresses potential risks while pursuing growth opportunities in a calculated manner.

Hiring Process:

• Interview with Talent Acquisition.
• Interview with our Chief Underwriting Officer UK.
• Interview with our Lead Underwriter.
• Interview with our Head of Talent & Chief Underwriting Officer.

=> Welcome @Wakam 🙌

Recruitment Agencies:

Wakam has an in-house recruitment team, which focuses on sourcing great candidates directly. Wakam does not accept unsolicited resumes from agency or search firm recruiters.
Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact our managers directly.