Description
Who We Are
Rokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box. With innovation at our core, we go beyond the ordinary to offer brokers specialised (re)insurance solutions. Within Rokstone, we house specialist MGAs such as Novus, iSure and iFarm, each contributing to our commitment to redefining industry standards.
Our people are at the heart of Aventum. Working together in dynamic, service-focused teams, we prioritise our customers in everything we do. Collaboration fuels our success, courage drives our innovation, and continuous improvement keeps us ahead in a rapidly evolving industry. Our shared commitment is to revolutionise insurance for the better, one day at a time.
We also believe that investing in our people is investing in our future. By empowering people across the Group to develop their careers, advance within the Group, and embrace new challenges, we build an environment where growth and learning never stop. Our competitive benefits package offered via a flexible benefits platform reflects this. Beyond core benefits employees have the freedom to tailor their benefits to meet their individual needs and support their unique goals and ambitions.
Role Summary
The Outwards Reinsurance Purchasing Technician will be integral to managing and procuring reinsurance contracts to optimize risk transfer strategies and support the company's financial objectives. This role demands a deep understanding of reinsurance mechanisms excellent negotiation skills and the ability to work effectively in a fast-paced global environment. Regular travel between London and Dubai may be required.
Role Accountabilities
Reinsurance Procurement
- Assist in developing reinsurance programs that align with the company’s risk appetite and financial goals.
- Negotiate terms and conditions of reinsurance treaties and facultative placements.
- Coordinate with brokers and reinsurers to secure optimal coverage and competitive terms.
Data Management and Analysis
- Analyse data related to premiums claims & exposures to support reinsurance decisions.
- Prepare & maintain reinsurance placement & recovery reports.
- Evaluate effectiveness of reinsurance arrangements & recommend adjustments.
Stakeholder Engagement
- Collaborate with underwriting teams to gather insights on underwritten risks & their impact on reinsurance needs.
- Liaise with claims & finance departments ensure smooth implementation of reinsurance coverages.
- Maintain strong relationships with brokers & reinsurers enhance partnership opportunities.
Compliance And Documentation
- Ensure all reinsurance contracts comply with local regulations & company policies.
- Document reinsurance transactions accurately ensure they are audit-ready.
- Keep abreast of regulatory changes in London & Dubai markets affecting reinsurance activities.
Market Research And Development
- Monitor market trends innovations stay ahead in competitive environments.
- Participate industry forums workshops expand professional network increase industry knowledge.
- Any additional duties as assigned.
Role Requirements
Bachelor’s degree in Insurance Finance Business Administration or related field. At least 3 years experience in reinsurance specifically outward transactions.Proficient use of software data analysis tools.Strong negotiation communication skills ability manage multiple stakeholder relationships.Legal right work UK or UAE applicable.
Skills And Abilities
Professional certification such as ARe CPCU or equivalent.Experience working both London Dubai insurance markets.Proficiency additional languages advantageous.Management Duties No
We are an equal-opportunity employer proud share that 93% employees say they can be themselves at work.We aim hire industry's finest people because best people drive best outcomes.And forever challenge status quo because know there always ways improve things.Because together we're limitless.We value applicants from all backgrounds foster culture inclusivity.We understand need flexibility so work hybrid model.Please let us know if you require any reasonable adjustments during recruitment process.FCA Conduct Rules Under Senior Managers Certification Regime FCA Aventum expects that:You must act integrity.You must act due skill care diligence.You must open cooperative FCA PRA other regulators.You must pay due regard interests customers treat them fairly.You must observe proper standards market conduct.You must act deliver good outcomes retail customers