General
Beazley are looking for an experienced Ceded Reinsurance Operations Manager to oversee our Ceded Reinsurance team on a 6 month FTC. This role will lead a team of experienced RI administrators, and be responsible for all of our global reinsurance operational processes. You will share knowledge, collaborate, challenge and influence, leading the delivery of effective and efficient global reinsurance operations. The individual in this role will have a strong understanding of all reinsurance types, and be able to lead the team on their journey through reinsurance modernisation.
Job Summary:
Provide strategic and operational support to the Group Head of Underwriting & Reinsurance Operations in delivering Beazley’s vision of being the highest performing specialist insurer. To work with the Group Head of Underwriting & Reinsurance Operations in the leading, managing, and developing the Reinsurance Administration team.
Key Responsibilities:
Strategy
Work with the Head of Underwriting & Reinsurance Operations and the Head of Ceded Reinsurance to:
- Deliver an effective and efficient reinsurance administration strategy.
- Develop and maintain a reinsurance administration function capable of supporting Beazley’s growth into a $10bn company.
- Review and evaluate current operations and systems in terms of efficiency, and develop your own systems strategy to resolve issues.
Leadership
- Lead the Reinsurance Administration team to ensure standards of accuracy and customer service are defined, monitored and maintained within core business functions.
- Ensure the structure of the Reinsurance Administration team is fit for purpose, and review the structure on an ongoing basis to ensure operational efficiency.
- Ensure that people are recruited, deployed and developed to anticipate and meet current and future needs.
- Ensure that all employees have the knowledge and the skills necessary to perform effectively in their given roles and responsibilities.
Operational Support
- Ensure proper and effective administration of reinsurance programmes
- Identify opportunities for improving processes including process re-engineering, working with business users and IT.
- Ensure that Ceded Reinsurance has full ownership and understanding of reinsurance-related figures and contributes actively to the peer review process.
- Responsible for the integrity of reinsurance-related data.
Other tasks may involve, but are not limited to the oversight for:
- The production and timely delivery of reinsurance recovery figures in the nett close period.
- The day to day management of reinsurance credit control including responding to queries and the pro active management of disputes to achieve an early and advantageous outcome for the Group.
- The management of reinsurance brokers to ensure timely notification and collection of reinsurance recoverables.
- The development of effective working relationships with reinsurers to expedite payment of the Group’s recoveries.
- Provision of effective and pertinent management information to facilitate proper management of the function and to keep senior management appropriately advised of developments and issues.
- The production and collation of the reinsurance operation’s records in readiness for internal/external audit reviews with particular reference to inwards and outwards claims.
- The operating, monitoring and reporting the status of controls and to liaise with Risk Management in reporting and escalating significant control failings/weaknesses or events that may arise.
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers." We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct
- Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system
- Display business ethics that uphold the interests of all our customers
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups
Personal Specification:
Essential Criteria:
- ACII qualified, or progressing towards the qualification
- Experience leading an outwards reinsurance operations team
- Knowledge of insurance operations
- Demonstrable history of embedding process change in a complex environment
- Excellent motivational, leadership and influencing skills, will be critical to success
Who We Are
Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle.
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Our Culture
We employ over 1,500 people globally, hosting a wonderful diversity of cultures, experiences and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that’s big on collaboration, diversity of thought & personal accountability.
Our three core values inspire the way we work and how we treat our people & customers – 1) Be bold 2) Strive for better 3) Do the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us – our ambitious I&D & Sustainability targets are testament to this.
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as iLearn (our own learning & development platform), LinkedIn Learning, our mentorship program and external qualification sponsorship. As a Beazley employee, you also get access to our fantastic array of benefits which include commuting reimbursement, free in-office lunch, six months parental leave and a lifestyle allowance, amongst many others.
We are a flexible and innovative employer offering a friendly, collaborative, diverse and inclusive work environment. We actively encourage and expect applications from all backgrounds.
Don’t meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the JD, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
