Managing Director, Reinsurance Contracts

Aon Corporation; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading global insurance firm is seeking an experienced professional in London to prepare and review treaty reinsurance documentation. This role involves participating in client and broker meetings, contributing to training sessions, and providing insights on reinsurance topics. The ideal candidate will have at least 12 years of experience in insurance or reinsurance with a strong understanding of contract language and a proactive approach to problem-solving. The company offers a comprehensive benefits package and values an inclusive workplace.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Agile working environment

Qualifications

• Minimum 12 years of experience in insurance or reinsurance as a lawyer or contract specialist.
• Intuition for business with proactive approach.
• Experience with Casualty lines.

Responsibilities

• Prepare, review, and finalize formal documentation for treaty reinsurance arrangements.
• Participate in client, reinsurer, and broker meetings.
• Develop training materials and deliver technical trainings.

Skills

Reinsurance expertise

Contract negotiation

Analytical skills

Strategic problem solving

Education

12 years of relevant experience in insurance or reinsurance

Job description

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

As part of Aon's Reinsurance Solutions team, you will be responsible for preparing, reviewing and finalizing formal documentation memorializing terms and conditions applicable to treaty reinsurance arrangements. You will be challenged to learn and remain well informed of industry terms and conditions, as well as trends and regulations to remain driven.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Participate in client, reinsurer and broker team meetings, and have an active support role in the growth of our business.
• Bring quick comprehension of reinsurance structures and intent to the role to assist broker and client services teams with design and interpretation of contract language addressing complex coverage designs and potential loss scenarios.
• Partner with broker team to answer client and reinsurer questions about contract language during the negotiation phase of reinsurance placement and to actively participate in internal and external discussions to clarify wording provisions.
• Participate in Request for Proposal (RFP) and sales presentations by reviewing competitor wordings and recommending coverage and wording enhancements in order to drive business growth.
• Contribute to client training sessions and the development of material disseminated to brokers and/or clients regarding contract wording trends and potential enhancements for clients to consider.
• Develop a detailed understanding of changing insurance and risk management market conditions and keep clients and account executives updated of developments affecting various types of products by acting as an expert on reinsurance topics and providing recommendations relating to contract wording.
• Support the development of training materials and deliver technical trainings
• Capability to work efficiently and independently, learn quickly, prioritize, and meet internal goals while remaining analytical and thorough.
• Support multiline reinsurance business for Global and UK clients.

Required Skills/Education

• Minimum 12 years of relevant experience in insurance or reinsurance as a lawyer/attorney or as contract/policy specialist preferably with a focus on reinsurance structures and drafting/interpreting treaty wordings for domestic and/or global placements

Desired Skills

• Intuition for business with the ability to effectively drive the business forward with a thoughtful, proactive, and practical approach
• Good primary insurance coverage knowledge
• Experience with Casualty lines.
• Strategic and analytical problem solver, including basic math proficiency and proven problem-solving skills

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two "Global Wellbeing Days" each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [e-mail]

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