Head of Protection Reinsurance

Salary National Circa £100,000 and £130,000 London Circa £120,000 and £140,000

This is a great job for someone looking to make a significant contribution the overall success of the Protection business. This role would be best suited for someone with experience of reinsurance and/ or the Protection industry, who is both commercial and technically capable, with strong stakeholder management, communication and leadership skills.

A bit about the job:

Set and execute the reinsurance strategy for the Protection business, covering both Individual and Group Protection in support of overall business strategy and goals
Own overall reinsurer relationship management strategy, focused both on deepening relationships with reinsurers whilst effectively managing risk, maximising commercial benefit and considering customer outcomes
Optimise new business terms whilst identifying opportunities to deliver value through back book reinsurance optimisation / simplification
Overall responsibility for accuracy and timeliness of reinsurance administration (over £1bn p.a. payable to reinsurers) ensuring appropriate senior level focus on operational accuracy controls and quality
Leadership of a team of 27 with a direct report team of 5, comprising both Aviva employees (18) and outsourcers (9). More broadly brings together all internal functions to ensure Aviva Protection has a clear and aligned external voice

Skills and experience we’re looking for:

Strong knowledge of, and relationships with, the UK Protection reinsurance market
Strong commercial acumen with excellent relationship management skills
Ability to work both strategically as well as tactically
Sound understanding of Protection, and the impact of areas such as Underwriting, Claims, Operations and Risk Management on reinsurance, as well as the controls to manage and mitigate risks
Strong people leadership credentials, with ability to create a positive culture that supports people’s development

What you’ll get for this role:

Our purpose - with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.

Starting salary Circa £100,000-£140,000 (depending on location, skills, experience, and qualifications)
Bonus opportunity – 25% of annual salary Actual amount depends on your performance and Aviva’s.
Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in.
29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
Make your money go further - Up to 40% discount on Aviva products, and other retailer discounts
Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme
Brilliantly supportive policies including parental and carer’s leave
Flexible benefits to suit you, including sustainability options such as cycle to work
Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others
We take your wellbeing seriously with lots of support and tools

In this role you’ll be ‘Certified’ under the Financial Conduct Authority / Prudential Regulation Authority’s Senior Managers and Certification Regime (SMCR). This means that we’ll need to complete some regulatory background checks on you before you take up your role and we’ll need to ask you some questions on an annual basis to make sure you remain ‘fit and proper’ to carry out your role. We’ll provide training on what holding a SMCR role means when you join us and annually thereafter.

Take a look to learn more. Put a salary into this calculator to see what your total Aviva Reward could be.

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending at least 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here

We’d love it if you could submit your application online. If you require an alternative method of applying, please email harjot.kaur@aviva.com

Protection Reinsurance jobs

Head of Protection Reinsurance