Senior Ceded Re Analyst

Munich Re; London; On-site; GBP 125,000 - 150,000; Full time

Job summary

An established industry player is seeking a Senior Ceded Re Analyst to join their dynamic team in London. This role is pivotal in shaping reinsurance purchase strategies and providing analytical guidance to enhance the efficiency of Ceded reinsurance operations. The successful candidate will engage with a variety of stakeholders, contribute to strategic discussions, and drive innovative solutions within the reinsurance landscape. With a strong emphasis on analytical skills and a comprehensive understanding of the London market, this position offers a unique opportunity to influence key decisions and support the company's growth in specialty insurance. If you are passionate about reinsurance and eager to make an impact, this is the perfect opportunity for you.

Qualifications

• Strong background in reinsurance with analytical skills.
• Understanding of Specialty (re)insurance and London market.

Responsibilities

• Develop reinsurance purchase strategies across Lloyd’s and Non-Lloyd’s platforms.
• Coordinate with key stakeholders on reinsurance requirements.
• Manage relationships with reinsurers and brokers.

Skills

Reinsurance expertise

Analytical skills

Knowledge of London market

Understanding of regulatory requirements

Stakeholder liaison

Education

Degree in Finance, Economics, or related field

Job description

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

We are currently looking for a Senior Ceded Re Analyst to work with us on a full-time basis in our London office, reporting into the Group Head of Ceded Re.

You will provide commercial and analytical guidance on purchase strategy and execution as a core part of the Ceded Reinsurance function within Munich Re Specialty Global Markets.

Responsibilities:

• Assist in developing reinsurance purchase strategies across Lloyd’s and Non-Lloyd’s platforms in light of evolving Group risk appetites.
• Contribute to a small core buying team of Senior Ceded Re Analyst, Group Head of Ceded Re and CUO Underwriting Strategy.
• Make recommendations as part of the buying team on Lloyd’s and Non-Lloyd’s protection strategies and operational functionality.
• Develop a more robust analytical framework in assessing the risk-transfer efficiency of Ceded reinsurance strategies to inform purchasing, requiring close liaison with Capital and Reserving actuarial divisions as well as Underwriting Strategy.
• Steer the production of renewal information with the Group Head of Ceded Re.
• Work closely with the Group Head of Ceded Re and Reinsurance Manager in the coordination and administration of Outwards Reinsurance recoveries.
• Maintain close liaison with Group Head of Exposure Management to ascertain and manage net risk appetite levels.
• Assist in collation and production of MRSGM information to support Reinsurance purchasing.
• Interact with GC/NA5 CUOs regarding possible Reinsurance requirements and proposed solutions.
• Be an active member of the Reinsurance Steering Group (RISG).
• Recommend (in conjunction with Group CUO, CUO Underwriting Strategy and Group Head of Ceded Re) Reinsurance purchasing options to RISG.
• Investigate non-traditional and/or innovative Reinsurance options.
• Manage and coordinate key Reinsurance partner relations (Reinsurers, Reinsurance Brokers, Munich Re Group).
• Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders.

Knowledge and Skills

• A strong background in reinsurance and strong analytical skills.
• Thorough understanding of Specialty (re)insurance business as well as a comprehensive understanding of the London market and Lloyd’s environment.
• Working knowledge of Non-Lloyd’s platform Ceded Re operations as we expand beyond Lloyd’s.
• Comprehensive understanding of the Lloyd’s Principles for Doing Business.
• Understanding of business strategy and the work of the other departments within the organisation.
• Sound knowledge and understanding of reinsurance processes and credit control mechanisms as well as a comprehensive understanding of Lloyd’s reinsurance reporting mechanisms and minimum standards.
• Good understanding of regulatory requirements (FCA and PRA), obligations of a certified function holder and Lloyd’s compliance requirements.
• Good motivational and personnel management skills.
• Effective liaison with key stakeholders.