Vice President, Ceded Reinsurance

Company: Allied World Assurance
Location: New York
Posted on: May 8, 2024

Job Description:

DescriptionJob Objectives:This position is responsible for oversight and execution of successful treaty placements in support of direct underwriting operations for primarily North America and, as necessary, Global Markets Insurance.Duties and Responsibilities: Working with Underwriting, Actuarial, Claims and others as appropriate to review reinsurance requirements and analyze structure alternatives.Develop and manage relationships with reinsurance brokers and reinsurance markets to facilitate placements, execution of contract wording, timely claims payments and gain market intelligence.Work with Underwriting, Finance, Actuarial and Claims to gather data to assist in reinsurance submission preparation (data to be provided to broker who will prepare submissions).Liaise with the Legal Department in the drafting of reinsurance contract wording in accordance with company standards.Evaluate treaty reinsurance quotations; negotiate transaction to support US business requirements.Coordinating the availability of documents and timing for claims, underwriting, transactional, and Ceded Re audits as well as audits performed by external auditors.Coordinate and track execution of contract wordings to full completion and maintain electronic filing archive.Summarize Treaty Terms and Schematics.Maintain Reinsurance Resume document that provides historical detail of terms for treaties previously written.Stay current with industry issues and developments.Assist in maintaining compliance with the tenets of the Sarbanes-Oxley Act.QualificationsRequirements:A minimum of 15 years of Reinsurance related experienceExcellent communication (both written and verbal) and interpersonal skillsStrong negotiation skillsStrong attention to detail and quantitative skillsAbility to work to deadlines and prioritize tasksAbility to work with various internal constituents, including underwriting, claims, actuarial, finance and IT departmentsAbility and willingness to work outside normal office hours and global travel as requiredCompensation: - -$175,000

Check out the role overview below If you are confident you have got the right skills and experience, apply today.
- 200,000The annualized base pay range is a broad range based on analysis of similar positions in the market.

The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment.

Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards.Our BusinessAllied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions.

We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001.

We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. -Allied World is an Equal Opportunity and Affirmative Action Employer. - All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, gender, gender identity, age, genetic information, marital or civil partnership status, family status, sexual orientation , military, veteran status, disability or any other characteristic protected by law.To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.Job Field: UnderwritingJob Type: ExperiencedTravel: Yes, 10 % of the TimeEmployee Status: Regular

Keywords: Allied World Assurance, Wayne , Vice President, Ceded Reinsurance, Executive , New York, New Jersey