Reinsurance Manager

Who are we?

Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 80 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

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.

✎ Missions

Function Overview:

Join Wakam, a modern, innovative insurance company with reinsurance at its core, seeking a Reinsurance 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:

• Build trust relationships with the company's reinsurance partners and prospect for new ones;
• Define and optimize your scope of reinsurance programs, prepare renewal files, run actuarial analysis, and participate in negotiations for the placement of reinsurance programs;
• Contribute to new partnership assessment and develop reinsurance structures when needed;
• For your scope of treaties, define and revise reinsurance clauses, participate in treaty writing, and ensure there are no undesired protection gaps;
• Ensure your scope of treaties back office is correctly and timely managed and maintain good collaboration with the accounting team.
• Develop performance and accounting monitoring of your treaties to report to reinsurer on a regular basis;
• Maintain reinsurance policy in line with the company's risk appetite and ensure compliance of practices;
• Transform reinsurance processes to improve service quality by leveraging the company's digitalization projects;
• Organize internal communication to raise employee awareness about reinsurance mechanisms.

✯ Profile

• Actuarial, Insurance Business, Management or equivalent degree, with 5 to 7 years of experience acquired in insurance or reinsurance on a similar function
• Good knowledge of P&C insurance product and economics, with an experience in pricing or solvency 2.
• First experience in a fast-paced environment is an advantage
• Strong analytical and organizational skills
• Exceptional communication and interpersonal abilities
• Collaborative work approach across multiple departments

 

Working mindset:

• Rigour and autonomy.
• Ability to work in a team.
• Adaptability in a rapidly changing environment.
• Ability to communicate, both written and spoken.

 

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Hiring Process

1. Interview with Talent Acquisition Expert.
2. Manager interview with Chief Of Reinsurance.
3. Executive interview (VP/Chief) Reinsurance
4. HR culture fit interview with Head Of Talent.

=> Welcome @Wakam 🙌

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Recruitment Agencies:

Wakam has an in-house 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 paid in 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, so please do not contact our managers directly.

 

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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