Commercial Manager (Reinsurance & Distribution Contracts)

Job Title: Commercial Manager (Reinsurance & Distribution Contracts)
Job Reference: RB/HQ00054892

Location: Hove
Job Type: Contract

Salary:
£40000 - £50000 per annum, Benefits: Excellent Blue Chip Benefits
Sector: Insurance

Posted 12 days ago

Commercial Manager (Reinsurance & Distribution Contracts), Great Blue Chip Company, 12 Month FTC, UP TO £48Kpa 

Purpose of Commercial Manager role:

Lead on Reinsurance Treaties and Addenda ensuring contracts are properly completed in a timely manner. The role is also responsible for providing commercial input into Distribution contracts and related financial documentation. Ensuring all contracts have appropriate approval with all being filed, logged and reviewed as required.

 

 

Principal accountabilities:

 

1

Lead the process for Reinsurance Treaties and Addenda, taking ownership by knowing and understanding the contents with active management of queries to ensure new treaties and addenda are properly completed in a timely manner.

2

Responsible for the ongoing tasks relating to reinsurance treaty management, such as audits and providing support to other areas regarding related work to ensure ongoing management is performed.

3

Lead on responding to queries in relation to Treaties and Addenda to ensure that all issues and queries are resolved to an acceptable resolution so all parties all aligned in the details on the contracts.

4

Lead on the commercial aspects of all Distribution contracts. Challenging if draft contracts deviate from expected outcome  to ensure contract is in line with approved terms

5

Draft and prepare standard  Legal documents and developing  templates for review  and sign off by Group Legal

6

Liaise with external partners in relation to providing copies of contracts and management of sign off pages properly executed. Ensure appropriate sign off is received internally for all documents.

7

Maintain database of all Reinsurance and Distribution Contracts including key details and owners. Raising any issues in terms of expiry dates or other relevant clauses. Engage with the contract owners on a periodic basis. Ensure hard copies of all contracts are filed in an appropriate manner with electronic copies produced

8

To support the Senior Commercial Manager by reviewing processes to provide potential options for improvements with the view of reducing costs or improving output.

 

  

 

Qualifications, knowledge and skills:

Qualifications:

Experience in a Commercial role

Knowledge:

  • Contract Management
  • Analytical and Creative thinking
  • Knowledge of the FCA Handbook (Insurance element)
 

Experience:

  • Strong document management skill
  • Strong communication skills
  • Relationship management
Leadership:

Some experience of people management (not essential)

 
Trevor  Lee

Introducing...

Trevor Lee

Managing Director

Having been in recruitment for 15 years, in 2006 I decided to form Jenrick Commercial (a new division of The Jenrick Group) and I have to say, it’s been one hell of a ride. Recruitment has changed drastically over the last 15 years, however, I’ve learnt that if you keep things simple, work hard, be honest and really understand your clients and candidates then you will do well.

My loves in life are my wife (Miriam) and my son (Toron). I’ve been married for nearly 20 years, so I was snapped up early (my wife clearly has good taste – or at least I like to think so!).

Related Industry Insights

How 2018 unfolded for Jenrick Commercial and our prediction for 2019

2018 wasn’t a particularly straightforward year for many businesses around the UK, however despite this 2018 was another steady year for us as a business. We saw our business thrive and peak in 2017, with it being our best year ever, and 2018 saw us level on par with that. So for us as a business having this continuity in strength was reassuring and gave us confidence despite the media advertising otherwise due to Brexit.

 

In Quarter 4 we did see the usual reduction of volume of candidate’s applications. We do find this to be the norm prior to Christmas, many candidates often put aside looking for a new role in November until the New Year so this wasn’t a surprise. Although we did see a lull in candidate movement at the back end of the year, a point to note is that not one candidate we spoke to advised that they were staying put until after Brexit.

 

What has been a surprise is that normally we do see higher response of volume on applications and candidates looking for work at this point of the year, following the theme ‘New year, new career’, however applications have been far lighter compared to the start of 2018. This highlights that the war on good, quality talent is becoming even more difficult.

 

On the flip side the volume of new jobs has been very steady, even rising slightly, since Jan 1st. This is based on our client growth as well as the strong relationships we have formed with our current clients – around  91% of our business is referred of repeat. January and February have been a great start to the year with both placement of permanent and contract positions increasing so we are seeing no slow down with new business.

 

Where’s the future at?

 

It goes without saying that Brexit will no doubt shape and define where the market goes. The likelihood is increasing that we will extend the negotiations and not leave as planned on the 29th March. While we are unsure as to how long the delay will be, it could dominate through to the end of 2019 meaning a steady and cautious, if not unpredictable, year.

 

Whatever the outcome is; a deal as planned, a delayed deal or even a no deal then we do foresee the market to the cautious throughout 2019. Obviously the sooner the decision is made then the more likely it will be that we will see stability in our industry and the overall market conditions of the UK bringing confidence back in and normality taking hold.

 

As most of our clients tend to sit within either; Technology, Professional Services, Financial Services we definitely haven’t seen any change with new opportunities, however the market is all around confident and if confidence is high then opportunity will flow.

 

If you are looking for exceptional staff or your next career move then contact us on 01932 230868 or commercial@jenrick.co.uk

Read more

Jenrick Commercial - From strength to strength

2017 was our busiest year since we started trading over 11 years ago.  However, as the business has grown our levels of service to our clients and candidates has been maintained at the highest levels. Jumping back to 2016 when we closed on a record year when, we thought the market had peaked – 2017 only went and continued in the same fashion and superseded our expectations. We saw our business increase by 153% from 2016. The experience we have gained through these busy times has set us apart from a lot of other companies which is why we retain the vast majority of our clients and see candidates making us the first choice to help them find exceptional jobs.

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