Who are we?

Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 80 partners. We provide most of our insurance products through API, and hosts white label insurance solutions via our Play&Plug technology platform.

With a footprint spanning 32 countries and revenue of more than €900 million in 2023, mostly generated outside France, Wakam is the European leader in digital and embedded insurance.

Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to “enabling transparent and impactful insurance".

✎ 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.
• 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.

Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth!

You have the Wakam mindset? Join us!

More about us

Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you!

Discover on our website who we really are with the 11 cultural markers that so well describe us!

Mindset compatibility with our ‘Free to Impact’ culture:

1. Think big
2. Biased for action
3. Curious and eager to learn
4. Can say no and find solutions
5. Aims for the moon (but please don’t stick on the moon)
6. And above all: have fun working together 🤜🤛 !

• Wakam is not based on a hierarchy but on a methodology where everyone finds their role and knows their objectives.
• With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company.
• 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).
• 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.
• Last but not least : we are nice and we have fun! (you'll find out by yourself 😉)

At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.