AVP, Ceded Placement

Travelers • Hartford, CT

5d • $165,400 - $273,000

About The Position

The Ceded Reinsurance Placement & Analytics Team analyzes and places Travelers' reinsurance programs. The AVP, Ceded Reinsurance Placement & Analytics independently manages treaties and leads their day-to-day placement execution. The role applies advanced reinsurance expertise to solve complex problems, advise on technical matters, and support long-term placement strategy and other critical reinsurance areas. It communicates clear insights and recommendations to influence business decisions, builds strong internal and external relationships, and explains how reinsurance can influence 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 in underwriting, claims, or analytics.
• Exceptional communication, collaboration, and influencing skills, including the ability to present complex information to senior leadership and influence decisions.
• Proven leadership, organization, mentoring, coaching, and team-development abilities, including strategically aligning resources to accomplish objectives.
• Exceptional data analysis skills, including interpreting and reporting insights and recommendations to business partners.
• Strong business acumen, problem-solving and critical-thinking skills, and the ability to operate strategically across the company.
• Technical experience using Excel, Word, Outlook, and PowerPoint, including advanced ability to create slide content.

Nice To Haves

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

Responsibilities

• Coordinate independently with brokers and gather information 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, update standard treaty 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 applicability and accuracy; propose treaty renewal structure changes and evaluation criteria; direct capital market (ILS) solutions; consult on structured and other specific reinsurance solutions; provide technical leadership on intercompany reinsurance and reinsurance impacts from corporate M&A activity.
• Design and implement team controls for compliance and best practices, and develop corporate reinsurance policies governing 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 favorable terms for Travelers.
• Communicate proactively with business units, understand primary coverages and underwriting strategies, propose solutions to portfolio challenges beyond renewals, lead management strategy decision meetings, and advocate for the best option.
• Manage broker expectations and timelines, maintain and enhance market relationships, coordinate and present at material meetings with reinsurance markets, and potentially represent Travelers on a reinsurance industry panel.
• Perform other duties as assigned.

Benefits

• Health insurance coverage for eligible employees and family members beginning on the first day of employment.
• Dollar-for-dollar 401(k) matching contributions up to the first 5% of eligible pay, subject to an annual maximum.
• Paying it Forward Savings Program contributions to an employee's 401(k) account when the employee makes student loan payments.
• Pension Plan funded 100% by Travelers.
• At least 20 days of paid time off annually and nine paid company holidays.
• Wellness program with tools, discounts, and resources for wellness 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