Reinsurance Manager

Reinsurance Team Position

The Reinsurance Team is responsible for the ceded and assumed reinsurance of the organization and related analytics including geo-spatial risk measurement, catastrophe modelling, and catastrophe event reporting. This includes implementation of the organization's treaties, including system setup, cross department coordination, submission preparation, contract / terms negotiation, managing treaty documentation, and all related compliance and control processes. The position is responsible for working with brokers, intermediaries, and reinsurers in the placement and assumption of reinsurance agreements. Role will require utilization of analytical and critical thinking skills to help identify risks faced by business units and determining mitigating reinsurance solutions.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Lead the placement of treaty reinsurance agreements, acting as the contact for external brokers, intermediaries, and reinsurers.
• Interacts with internal reinsurance legal counsel to ensure that reinsurance agreement wording is in line with agreed terms and conditions, and that all parties have agreed all terms prior to seeking binding approval.
• Work with business unit leaders to understand risks and desires of reinsurance as a tool to mitigate risk.
• Understand, negotiate, and achieve best reinsurance contract terms.
• Prepare presentations and documents outlining the reinsurance placement strategy and objectives.
• Facilitate and oversee periodic reinsurer audits and data requests.
• Present and represent the company in meetings at industry events to brokers, agency partners, and reinsurers.
• Supports monitoring catastrophe risk and aggregation management, with understanding of AM Best's perspective and impacts on BCAR.
• Assigned advanced special projects as needed.
• Assists in providing internal pricing analysis for reinsurance purchasing decisions and provide meaningful output, enabling management to make informed and sound business decisions.
• Understands catastrophe modelling and how perils, geographies, and return periods impact output and business decisions.
• Effectively communicates complex reinsurance matters to audiences, including internal stakeholders and executive staff.
• Provide comprehensive analysis related to reinsurance purchases including but not limited to analysis of received quotes, quoting behavior, treaty structure, year on year changes in treaty cost, budget to actual treaty cost, contract interpretation and wording.
• Mentor and review the work of reinsurance analysts and placement leads.

Education and Experience : Relevant combination of education and experience may be considered in lieu of degree.

Qualifications : To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.