Head of Reinsurance Operations

1 week ago


Kansas City, Missouri, United States General Search & Recruitment Full time
Job Overview

Position: Director of Reinsurance
Location: Kansas City, MO

The Director of Reinsurance is accountable for overseeing the Reinsurance Division, which encompasses the management of reinsurance across all life and health sectors, whether ceded or assumed. This division acts as a pivotal Risk Management Control Point, facilitating all facets of both ceded and assumed risks, in collaboration with marketing, financial, actuarial, and investment sectors. This role is responsible for the execution of all risk transfer agreements across various life and health lines, as well as the strategic planning, direction, and implementation of policies and procedures related to the reinsurance program. This includes conducting financial evaluations of reinsurers, preparing treaty documentation, and ensuring effective communication of treaty requirements throughout the organization.

Key Responsibilities:

  • Lead the development and execution of strategies related to risk transfer, aligning the Reinsurance Division's objectives with the broader strategic goals of the organization.
  • Manage the execution of risk transfer agreements across all business lines, including those involving affiliates and affiliated reinsurance captives.
  • Engage in negotiations and the formulation of risk transfer solutions to promote organizational growth.
  • Oversee the collection, summarization, and presentation of data and information to reinsurers and assuming insurers.
  • Ensure robust controls and governance are established for reinsurance processes, collaborating with both external and internal auditors as necessary.
  • Maintain critical relationships with reinsurers and distributors, managing over 50 key partnerships.
  • Promote risk transfer initiatives and evaluate marketing and risk transfer opportunities.
  • Perform additional related duties as assigned.

Required Competencies:

  • Outstanding verbal and written communication, interpersonal, analytical, problem-solving, and organizational skills.
  • Proven ability to effectively address a diverse range of reinsurance challenges.
  • Strong understanding of financial and actuarial considerations associated with ceded and assumed risks.
  • Exceptional management capabilities.

Qualifications:

  • A minimum of ten years of experience in direct and assumed risk transfer.
  • A college degree or equivalent educational background.
  • Technical expertise in insurance company operations, including reserving and capital requirements.
  • Advanced communication skills, both written and oral, to engage with various stakeholders, including senior leadership.
  • In-depth knowledge of life, annuity, and health insurance products, including underwriting and pricing.
  • Highly developed negotiation and relationship management skills, with proficiency in contract interpretation and negotiation in collaboration with legal counsel.


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