Regional Agency Manager
Western National Insurance
Assistant Vice President, Reinsurance
Relm Insurance Ltd.
full-time
Posted on:
Origin: • 🇺🇸 United States • Florida, New York
Visit company websiteJob Level
Lead
About the role
- Execute strategic underwriting plans aligned with premium and profitability objectives and service excellence
- Underwrite and maintain/service profitable new and renewal business, exercising independent judgment based on comprehensive analysis of reinsurance submissions
- Broadly explore business development opportunities including treaty and facultative opportunities, fronted business, program business, traditional cedants and captives, commutations/novations and loss portfolio transfers
- Communicate with Underwriting, Actuarial, Claims, Legal, and Accounting on pricing, contract wording, premium & loss bookings and claims to ensure profitability and compliance
- Provide top quality customer service to brokers and cedants
- Assist in development of internal pricing and modeling tools for pricing options across structures, lines, and currencies (including digital assets)
- Negotiate with brokers and clients and offer alternative risk solutions
- Assist in executing alternative reinsurance strategies and constructing a risk-managed, diversified reinsurance portfolio
- Contribute to ceded strategy across all lines and coordinate reinsurance submission process for ceded treaties and facultative placements
- Assist Head of Reinsurance in optimizing reinsurance and alternative reinsurance use in support of business strategy
- Oversee implementation and maintenance of reinsurance contracts and programs
- Facilitate or participate in quantitative actuarial contract profitability and impact analyses
- Develop and maintain security standards for obtaining risk transfer from rated, unrated, and collateralized reinsurers
- Maintain understanding of catastrophe modeling concepts where applicable
- Build and maintain relationships with reinsurance brokers, reinsurer markets and external partners
- Negotiate and manage fronting and capacity relationships globally
- Monitor and communicate quarterly reinsurance contract activity and financial information
- Assist with reinsurance accounting and maintain updated contract documentation and bordereaus
- Respond to inquiries from underwriting, claims, or other disciplines on reinsurance coverage issues
- Remain current with product/line changes, reinsurance industry trends, regulatory developments, and develop innovative solutions
- Represent Relm at industry events and with clients and perform other duties as required
Requirements
- Demonstrated reinsurance underwriting/actuarial acumen with at least 5-7 years of industry experience
- Willingness and ability to take an entrepreneurial approach building a reinsurance book from the ground-up
- Expertise in crafting tailored reinsurance solutions
- Excellent reinsurance technical skills; actuarial qualification highly preferred
- Ability to analyze and interpret insurance and reinsurance contracts at an advanced level
- Extensive knowledge of policy terms and criteria for reinsurance treaties and facultative certificates
- Proficiency with Microsoft Office suite including Excel, Word and PowerPoint
- Exceptional organizational skills; ability to handle multiple projects and work independently
- Ability to adjust priorities and tasks based on business needs
- Strong oral, written and interpersonal communication skills
- Ability to produce error-free written documents
- Ability and willingness to work with others across departments to accomplish team and company goals
- Successful completion of college degree in Accounting, Actuarial Management, Business Analytics, Business, Administration, Economics, Finance, Legal Studies, Management Information Systems, Risk Management or CPCU
- Must be able to work full time, 40 hours per week Monday through Friday
- In-office position based in either New York or Miami
