Reinsurance Technician
Reinsurance Technician
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Job Description
Wakam is an European B2B2C insurer that designs white label insurance products for its partners (eretailers brokers and fintechs/insurtechs etc.. Our insurance products have the particularity of being embedded in the products or services offered to the endcustomer (for example you take a selfservice escooter you are automatically insured).
Wakam operates in 32 European countries with the majority of its turnover generated outside France. The company provides most of its products through API and hosts white label insurance solutions via its Play&Plug technology platform.
At Wakam we believe in the formula forprofit & for good. Since March 2021 we are a Missiondriven company which means that our mission statement Enabling transparent and impactful insurance is written in our bylaws. And we go further: by defining 9 concrete commitments to illustrate this mission such as writing our insurance contracts in plain language (no more confusing terms and conditions). We also create insurance products at no cost for associations.
Our culture Free to impact.
A culture where everything is possible where all ideas are taken into consideration where everyone has an impact on the transformation of insurance! Hungry for freedom Thirsty for autonomy If you are adventurous and like challenges then the Wakam adventure might be made for you!
About the team
The Reinsurance team is managing and optimizing reinsurance strategies to mitigate risk and enhance financial stability. The Reinsurance team plays a crucial role in securing partnerships to protect Wakam against largescale financial exposures.
Missions
Function Overview:
The Reinsurance Technician plays a key role in supporting the management of the Outwards Reinsurance program and ensuring efficient communication with brokers and reinsurers.
Key responsibilities:
- Assist in managing the Outwards Reinsurance program including data collection premium payment processing claim notifications and recovery documentation.
- Support communications with Reinsurance Brokers and Reinsurers under supervision.
- Maintain an inventory of reinsurance treaties and document reinsurance conditions. Review Reinsurance slips premium allocations and cover notes issued by brokers and reinsurers.
- Coordinate with internal departments to gather information for reinsurance assessments and renewals.
- Prepare documentation for treaty renewals and assist in reviewing addendums and endorsements.
- Compile information for special risk and acceptance queries.
- Update Outwards Reinsurance Policy documentation as needed.
- Participate in projects to improve procedures and processes.
- Prepare materials for presentations to relevant committees.
- Monitor reinsurer ratings and compile reports.
- Contribute to identifying potential risks related to reinsurance activities.
Profile
- Degree in a relevant field; experience in the reinsurance sector is highly desirable.
- Progress toward or completion of a recognized insurance qualification (e.g. CII) is advantageous.
- Proven expertise in insurance and reinsurance environments.
- Strong understanding of insurance and reinsurance principles with excellent customer service and communication skills.
- Proficient in compliance regulatory matters systems and programs.
- Proactive mindset with a willingness to challenge and improve existing processes.
- Excellent MS Office skills particularly Excel.
- Detailoriented with the ability to multitask.
- Team player with strong interpersonal skills.
- Ability to analyze data and provide concise summaries or recommendations.
- Effective stakeholder management including interaction with senior management teams internally and externally.
- Innovative and creative with a willingness to bring new ideas to improve processes.
- Ability to establish credibility and maintain high ethical standards.
- Excellent communication skills for interacting with clients employees and management.
- Problemsolving mindset to identify issues and develop creative solutions.
Working mindset
- Positive energy agility and team spirit. High energy stamina curiosity and a commercial mindset.
- Solutionsoriented with the confidence to challenge and improve processes.
- Intellectually curious highly capable and eager to learn; able to handle complexity and role demands.
- Global thinker; capable of working collaboratively across an internationally diverse organization.
- Personal confidence with humility gravitas and outstanding communication skills.
- Proven ability to deliver results through collaboration and relationshipbuilding.
- Selfaware open to feedback and committed to continuous development.
- High resilience optimism and strong drive as a selfstarter.
- Structured yet flexible approach to work.
- Highest ethical standards in all interactions and decisions.
- Balanced approach to risk management and growth opportunities.
Hiring Process:
- Interview with Talent Acquisition.
- Interview with our Chief Underwriting Officer UK and Head of Reinsurance.
- Interview with our Lead Underwriter.
- Interview with our Head of Talent & Chief Underwriting Officer.
> Welcome @Wakam
Recruitment Agencies:
Wakam has an inhouse recruitment team which focuses on sourcing great candidates directly.Wakam does not accept unsolicited resumes from agency or search firm recruiters.
Fees will not be paidin the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies we have a PSL in place soplease do not contact our managers directly.
Required Experience:
IC
Employment Type
Full Time
