Outwards Reinsurance - Junior Purchaser

About the role

Outwards Reinsurance Placement & Analytics Produce comprehensive Outwards Reinsurance information and analytics for business planning, strategic decision-making and portfolio optimization purposes Develop and maintain detailed reinsurance programme analytics including exposure analysis, loss scenarios, pricing comparisons and coverage assessments across both proportional (quota share, surplus share) and non-proportional (excess of loss, catastrophe) treaty structures Produce standardised renewal submission information packages including exposure data, loss experience, underwriting information and risk profiles to assist the Lead Buyers with managing the entire placement process through intermediaries and on a direct basis Support the evaluation of prospective reinsurance arrangements by analysing portfolio risks, assessing coverage adequacy and reviewing terms and conditions to ensure optimal protection Assist in the preparation and review of placing slips, contract wordings and reinsurance documentation working with in-house Legal Counsel Alternative Risk Transfer & Capital Markets Solutions Contribute to the evaluation of alternative capital solutions by conducting cost-benefit analyses comparing traditional reinsurance with capital markets alternatives Assist with the documentation and monitoring of ILS transactions, tracking collateral positions and performance metrics Regulatory Reporting & Management Information Assist the Lead Outwards Reinsurance team to produce comprehensive reports and all Management Information (MI) requirements including reinsurance programme summaries, security exposures and market relationship updates Produce the required documentation for the Lloyd's Regulatory Returns on a quarterly basis including the Syndicate Reinsurance Structure (SRS) submissions Prepare reinsurance-related data for Lloyd's Capital Requirements (LCR) submissions and Solvency II/Solvency UK reporting frameworks Ensure accuracy and completeness of reinsurance data submissions, maintaining compliance with Lloyd's Market Bulletin requirements and regulatory timelines Provide relevant information for the group's Committees and Board Meetings including Capital & Risk Committee, Underwriting Committee and Audit Committee presentations Stakeholder Management & Collaboration Provide a central point of contact for all internal and external queries regarding the placement process including but not limited to Underwriters, Processing teams, Reinsurers and Intermediaries Maintain strong working relationships with reinsurance brokers and reinsurers, supporting the Lead Buyers in market engagement and negotiation activities Liaise with Processing teams to ensure the end-to-end placement to recovery process runs effectively with minimal hand-offs Provide constant dialogue with portfolio underwriters to understand protection requirements and ensure reinsurance programmes align with underwriting strategies Monitor reinsurance security exposures and counterparty concentrations, escalating issues and recommending actions as appropriate Additional Responsibilities Participate in team projects on an ad hoc basis including process improvement initiatives, system implementations and special analytical requests Identify events which will have an impact on financial results and escalating them to the Lead Outwards Reinsurance team Support quarterly account analysis and monitoring of reinsurance programme performance against expectations Act as liaison for internal and external auditors on matters concerning the placement process and regulatory compliance