Director of Reinsurance Operations

3 weeks ago


Philadelphia, Pennsylvania, United States The Mutual Group Full time
Job Title: Director Reinsurance Operations

We are seeking a highly skilled and experienced Director of Reinsurance Operations to join our team at The Mutual Group. As a key member of our organization, you will be responsible for the overall administration of managed reinsurance programs for our members.

Key Responsibilities:
  • Lead the treaty renewal process in partnership with our broker team.
  • Analyze information to inform reinsurance needs and develop strategic plans to meet those needs.
  • Coordinate data and information requests to support submission development and ensure timely and accurate submissions.
  • Organize and execute reinsurer audits and other office visits to ensure compliance and quality control.
  • Lead facultative placements as needed and provide regular updates on key reinsurance metrics to stakeholders.
  • Partner with company leaders to ensure operational needs are met and key stakeholders are informed on a regular basis.
  • Ensure effective execution of reinsurance accounting, execution of contracts, processing of invoices, and recovery of reinsured losses.
  • Monitor and analyze the performance of reinsurance programs, including providing estimates of Ceded Premiums for Plan and Quarterly forecasts, as well as individual reinsurer P/L positions.
  • Conduct various internal/external reporting and analysis, including Schedule P and Schedule F preparation, document retention, journal entries, etc.
Qualifications:
  • Bachelor's degree or equivalent combination of education and/or experience.
  • Five years of reinsurance-related work experience, but more is preferable.
  • Excellent working knowledge of property and casualty reinsurance.
  • Solid understanding of reinsurance accounting.
  • Strong attention to detail.
  • Microsoft suite knowledge including strong Excel skills.
  • Effective verbal and written communication skills.
  • Strong project management skill, ability to prioritize and handle multiple projects concurrently.
  • Excellent inter-personal, analytical, problem solving and decision making skills.
Compensation and Benefits:

We offer a competitive base salary plus incentive plans for eligible team members, as well as a comprehensive benefits package that includes:

  • 401(K) retirement plan with company match.
  • Free basic life and AD&D, long-term disability and short-term disability insurance.
  • Medical, dental and vision plans to meet your unique healthcare needs.
  • Wellness incentives.
  • Generous time off program that includes personal, holiday and volunteer paid time off.
  • Flexible work schedules and hybrid/remote options for eligible positions.
  • Educational assistance.


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