We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.
We currently have an exciting opportunity for a SICL Reinsurance Lead to join our Underwriting team in Gibraltar.
With responsibility for the co-ordination of the analysis of the company’s risk portfolios and risk retention levels, you'll support the planning of the SICL reinsurance strategy to ensure timely negotiation of reinsurance treaties with reinsurers partners and brokers.
To be successful in this role, you’ll need to:
Have proven experience in the general insurance and reinsurance business and its regulatory framework
Hold or be studying towards CII Qualifications – preferable but not necessary
Have excellent understanding of Commercial and Business landscapes.
Project Management for Annual Renewal Placement
Organise the reinsurance renewal process in co-ordination with the reinsurance broker
Lead on and administer reinsurance agreements, including communicating, negotiation with reinsurance brokers and partners, contract development, execution and documentation
Support the completion of certain post placements activities such as treaty summaries, placement checklist and management reports
Administration & Processing activities
Assist in the administration and processing of bordereaux issuance, validation, and settlement processes. Including, interacting with and investigate variances with the Data teams
Project management, deliverable control, follow up of actions, decisions and summary / status reports for reinsurance related activity.
Governance and the Overall Risk Management
Assist with the oversight of SICL Reinsurance Governance, including control of the planner, projects schedule and partner/outsourcing performance (SLAs, risk, etc) management
Drafting, review, and maintenance of reinsurance policies and procedures, manuals and processes.
Participate in committee and management meetings, as and when required, particularly in the reinsurance, claims and underwriting areas.
Collect, collate, verify and provide technical information to facilitate decision making
Ensure compliance with company and other relevant standards / regulations at all times, including RIR and TCF.
Credit Risk Management & Exposure Monitoring
Relationship with reinsurers and reinsurance brokers
Responsible for the daily management of the reinsurers and brokers’ information, queries, and audit requests, especially in regard to reinsurance, underwriting and Claims matters.
Knowledge and Experience:
Understanding of UK Motor Insurance industry
Knowledge of Reinsurance programmes and the Reinsurance market
Understanding of the general insurance and reinsurance business and its regulatory framework
Experienced in reinsurance activity/role
High degree of data and presentation skills – especially Excel and PowerPoint
Completed or studying towards CII Qualifications – preferable but not necessary
Knowledge of corporate governance practices
Excellent understanding of Commercial and Business landscapes
Experience managing senior stakeholders at Management, Executive and Board level
Diplomatic, personable and pragmatic
Meticulous attention to detail
Excellent communication skills, both verbal and written
Ability to work at pace against challenging deadlines
Excellent work ethic and diligence in production and ownership of work and responsibilities
Excellent time management skills
Strong negotiation skills
Emphasis on attention to detail and accuracy.
Logical and process driven
Ability to handle information in a confidential manner.
Self-motivated and enthusiastic.
Embrace, embed and incorporate the Company Values.
Organised and proactive approach.
Takes initiative to make decisions.
A flexible approach and positive attitude.
Approachable and keen to help others
What can we do for you?
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…
Fantastic training and development opportunities
Employee benefit packages to suit your lifestyle
YOUday – we give you an extra day off to celebrate a special day
The opportunity to take a paid day off each year to do charity work
A health cash plan
Help with travel expenses
The opportunity to buy additional holiday
Company pension scheme
Group life assurance
Enhanced maternity and paternity pay
Professional subscription fees paid
Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.
For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.
If you’d like to work for an award-winning employer in a fast-paced environment, apply now!
Want to know what it’s really like to work at First Central? Take a look at our Glassdoor reviews.
We’re happy to discuss flexible working during the recruitment process .