Reinsurance Transaction Manager - Full remote, Paris

Who are we?

Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 150 distribution partners. We provide most of our insurance products through API, and hosts white label insurance solutions via our Play&Plug technology platform.

With a footprint spanning 32 countries and revenue of more than €900 million in 2023, mostly generated outside France, Wakam is the European leader in digital and embedded insurance.

Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to “enabling transparent and impactful insurance".

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About the team

As part of the Capital & Reinsurance Office, where we're at the forefront of managing risk and optimizing capital efficiency in the insurance industry. As key players in our financial strategy, we're responsible for securing reinsurance partnerships and structuring capital solutions to enhance our resilience and competitiveness.

From analyzing market trends to negotiating agreements, we're committed to ensuring Wakam's financial strength and stability.

Squad description

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 large-scale financial exposures.

Mission

Join Wakam, a modern, innovative insurance company with reinsurance at its core, seeking a Reinsurance Transaction Manager to drive the sustainability and growth of the business. As part of the Reinsurance department, you will report directly to the Chief of Reinsurance and play a pivotal role in maintaining as well as enhancing relationships with reinsurers, essential to Wakam's business model.

Key responsibilities

Supporting Reinsurance Negotiations:

• Prepare and consolidate presentations and internal notes for reinsurer meetings, incorporating technical, financial, and marketing information in collaboration with Underwriting, Finance, and other departments.
• Ensure excellent service levels to reinsurers by tracking and fulfilling their requests. Proactively seek ways to improve the service provided to reinsurers, enhancing client satisfaction scores.
• Contribute to the development of marketing strategies by conducting market intelligence analysis and utilizing feedback from reinsurers.

Securing Execution of Reinsurance Contracts:

• Evaluate the suitability of new partnerships with existing treaties and provide feedback on the need for structural and wording changes, if necessary.
• Oversee interactions with reinsurers regarding contractual commitments (e.g., claims advice, special acceptance, etc.).
• Supervise the treaty wording process from signing to execution of terms.
• Perform regular checks to ensure ongoing compliance with contractual clauses and limits.

Profile Requirements

• Insurance Business, Management or equivalent degree
• First experience acquired in insurance or reinsurance on a similar function
• First experience in a dynamic environment is an advantage
• Strong analytical and organizational skills
• Exceptional communication and interpersonal abilities
• Collaborative work approach across multiple departments

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Hiring Process

1. Interview with Talent Acquisition Expert and Reinsurance Lead
2. Manager interview with Chief Reinsurance Officer
3. Top management interview with VP Capital & Reinsurance
4. HR culture fit interview with Head of Talent

=> Welcome @Wakam 🙌

Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth!

You have the Wakam mindset? Join us!

 

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