AVP, Ceded Placement

Travelers • Hartford, CT

3d

About The Position

The Ceded Reinsurance Placement & Analytics Team analyzes and places Travelers’ reinsurance programs. The AVP independently manages assigned treaties, leading day-to-day placement execution and contributing thought leadership to the long-term strategy for placement and other critical reinsurance areas. The role applies advanced reinsurance expertise to complex problems and technical matters, advises the organization, and communicates clear insights and recommendations to influence business and functional decisions. It also builds strong internal and external relationships and articulates how reinsurance can inform business strategy.

Requirements

• At least 12 years of experience in P&C insurance or reinsurance and/or reinsurance placement.
• Extensive experience with insurance or reinsurance concepts involving underwriting, claims, or analytics.
• Exceptional communication, collaboration, and influencing skills, including the ability to present complex information to and influence senior leadership.
• Demonstrated leadership, strong organization, and the ability to mentor, coach, and develop team members and strategically align resources to accomplish objectives.
• Exceptional data analysis skills, including the ability to interpret and report insights and recommendations to business partners.
• Strong business acumen and the ability to problem-solve, think critically, and operate strategically across the company.
• Technical experience with Excel, Word, Outlook, and PowerPoint, including advanced ability to create slide content.

Nice To Haves

• Bachelor’s degree or professional designations such as CPCU or ARE.

Responsibilities

• Coordinate independently with brokers and gather the information required for reinsurance submissions; evaluate and implement changes to data requirements.
• Draft and propose wording for new and renewal treaties, research conceptual topics and alternative clauses, implement changes to standard clauses, conduct secondary contract reviews, and train others on contract wording.
• Verify data accuracy and identify anomalies; direct brokers and actuaries in understanding pricing and risk evaluation analytics and their implications for placement options; develop team learning on analytics.
• Evaluate broker and reinsurer presentations for veracity and relevance to Travelers; propose treaty renewal structure changes and establish evaluation criteria.
• Apply knowledge of capital market (ILS) solutions and consult on structured and other specific reinsurance solutions.
• Provide leadership and technical expertise on intercompany reinsurance solutions and reinsurance impacts from corporate M&A activity.
• Design and implement team controls to support compliance and best practices; develop corporate reinsurance policies for business-unit referral protocols and compliance standards.
• Coach team members and develop and implement training programs.
• Independently negotiate pricing, coverage, exclusions, and other conditions with reinsurance markets to obtain the best terms for Travelers.
• Communicate proactively with business units, understand primary coverages and underwriting strategies, and propose solutions to portfolio challenges beyond renewal placements.
• Lead management strategy decision meetings and advocate for the best option.
• Manage broker expectations and timelines, maintain and enhance market relationships, coordinate material meetings, and present to reinsurance markets.
• Represent Travelers on a reinsurance industry panel, as applicable.
• Perform other duties as assigned.

Benefits

• Health insurance coverage for employees and eligible family members from the first day of employment.
• Dollar-for-dollar 401(k) matching on contributions up to the first 5% of eligible pay, subject to an annual maximum.
• Paying it Forward Savings Program, with an annual Travelers contribution to the employee’s 401(k) when the employee makes a student-loan payment.
• Pension Plan funded 100% by Travelers.
• At least 20 days of annual paid time off and nine paid company holidays.
• Wellness program with tools, discounts, and resources, including support for wellness goals and caregiving needs.
• Mental health program with access to free professional counseling, health coaching, and other resources.
• Matching Gift and Volunteer Rewards program.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior