Vice President of Fronted Programs
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Assist in management of Fronted Casualty portfolio and supporting reinsurance including; oversight of existing reinsurance placements, reinsurance contract negotiation/ drafting, counterparty credit risk management (including collateral management) and business development.
Key Accountabilities:
* Collaborate with Reinsurance Accounting team on reinsurance reporting process to ensure timely and accurate reporting (this includes internal financial reporting and external reinsurance statement production/ dissemination)
* Review the calculation of all reinsurance premiums and losses for all contract types (Quota Share, XOL, and Catastrophe)
* Assist business and Legal in reinsurance negotiations and drafting of all contracts supporting Fronted Casualty programs
* Monitor counterparty credit risk; assess counterparty collateral sufficiency on a quarterly-basis
* Maintain/ update various spreadsheets used to model/ track collateral, fronting fees, and other key business metrics
* Monitor performance of public and private competitors via SEC and NAIC filings, as well as various industry trade publications
* Assist in business development by sourcing fronting opportunities from MGAs, brokers, reinsurers and other industry participants
* In addition to key responsibilities, you may be required to undertake other duties from time to time as the company may reasonably require
Experience:
* Bachelor degree in Accounting/Finance/Business
* 5+ years of reinsurance broking and/ or outwards reinsurance purchasing/ reinsurance underwriting required
* Detailed knowledge of reinsurance contract language and mechanics (including contracts with collateralized reinsurers)
Salary Range:
The expected salary for this position is $150k - $200k per year.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
- Rate: Not Specified
- Location: New york, US-NY
- Type: Permanent
- Industry: Management
- Recruiter: Core Specialty Insurance Services, Inc.
- Contact: Not Specified
- Email: to view click here
- Reference: JR100731
- Posted: 2024-03-21 07:06:41 -
- View all Jobs from Core Specialty Insurance Services, Inc.
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