Reinsurance Manager

4 weeks ago


Chicago, Illinois, United States AF Group Full time

About the Role:

The Reinsurance Manager will be responsible for the ceded and assumed reinsurance of the organization and related analytics, including geo-spatial risk measurement, catastrophe modeling, and catastrophe event reporting.

This includes the 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 will require the utilization of analytical and critical thinking skills to help identify risks faced by business units and determining mitigating reinsurance solutions.

Key Responsibilities:

  • Lead the placement of treaty reinsurance agreements, acting as the contact for external brokers, intermediaries, and reinsurers.
  • Work with business unit leaders to understand risks and desires of reinsurance as a tool to mitigate risk.
  • 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.
  • Support monitoring catastrophe risk and aggregation management, with understanding of AM Best's perspective and impacts on BCAR.
  • Assigned advanced special projects as needed.

Requirements:

  • Bachelor's degree required, business or insurance-related major preferred.
  • Six years of reinsurance experience required, or a combination of 6 years of either P&C experience and reinsurance may be considered in lieu.
  • Completion of Chartered Property Casualty Underwriter (CPCU) or Associate in Reinsurance (ARe) designations preferred.

Working Conditions:

Work is performed in a virtual office and onsite office setting with no unusual hazards. Travel is required.



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