Reinsurance Account Manager

2 weeks ago


Edina, Minnesota, United States Howden Group Full time


Howden Tiger stands as a premier global reinsurance broker and strategic advisor, dedicated to continuous innovation and exceptional analytics to ensure top-tier client service.

Position Overview

Location:
Edina, MN

Role Summary
Utilize TigerEye to assess insurance and reinsurance portfolios effectively. Analyze potential losses stemming from catastrophic events or excessive coverage. Scrutinize company records to ascertain the extent of insurance coverage on individual risks or clusters of closely related risks. Collaborate with the broking team, actuaries, and catastrophe modelers to evaluate insurance risks comprehensively. Approve reinsurance policies when risks are deemed substantial and reject those that are excessive. Develop post-placement documentation and prepare reinsurance submission materials. Monitor reinsurer quotes, authorizations, and communications diligently. Create impactful client presentations. Assess the influence of various reinsurance structures on significant losses and/or the financial health of insurance companies. Negotiate and finalize reinsurance treaties with clients while addressing inquiries from rating agencies or regulators. Ensure timely reporting of accounting and claims processes. Formulate loss models for retrospective loss analysis. This position may require domestic travel up to 30% of the time, as is standard in the industry.
Qualifications

The ideal candidate must possess at least a Bachelor's degree or its equivalent in Business, Mathematics, or a closely related discipline.

Experience should encompass all of the following:
(a)

Engaging with C-suite executives; (b) Developing and evaluating loss models for historical loss analysis; (c) Performing intricate market analyses; (d) Constructing financial models to project budgets and expenditures; (e) Establishing and maintaining accounting and claims protocols and reports; and (f) Proficient use of the following tools/technologies:
Microsoft Office Suite, Microsoft Excel pivot tables, Microsoft Excel queries, Microsoft Excel advanced charts, Microsoft Power BI Pro, and Adobe Illustrator. All experience may be acquired concurrently.

Founded in November 1994 by David Howden, the company began as the smallest insurance broker globally, with no clients or track record.

Key Principles:
Equity ownership – the individuals conducting the business own the business.
A minority external investor with a long-term vision.
A focus on product specialization.
Three friends (and a dog).
A commitment to fostering a business with independence ingrained in its core values.

Today, Howden Group boasts a global presence with over 14,500 employees across 50 countries, covering Europe, the Middle East and Africa, Asia Pacific, and the Americas.

For the fiscal year 2022, our Group's organic growth reached 19%, with revenues surpassing (USD) $2 billion, and we manage $30 billion in written premiums for our clients.

Howden Group operates as an independent, global insurance entity headquartered outside North America, encompassing:

Curious about the essence of Howden Group? Click here to discover what defines us.

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