AVP, Ceded Reinsurance

Vantage Risk Companies•Chicago, IL

3d•$130,000 - $190,000•Hybrid

About The Position

Vantage is seeking an AVP, Ceded Reinsurance to manage the execution of the company's ceded reinsurance programs. This role involves coordinating ceded reinsurance activities with internal and external stakeholders, ensuring compliance with regulatory requirements, maintaining accurate records, and providing timely reports. The position requires a deep understanding of the company's ceded reinsurance arrangements, including policy terms, contract provisions, and claims processes. Building strong working relationships with business units, finance, legal, and reinsurance brokers is crucial for smooth operations. The base salary range for this position is $130,000 to $190,000, with actual salary commensurate with experience. Vantage also offers performance-based bonus potential, strong health & welfare benefits, a retirement plan, competitive time off, and a flexible work environment.

Requirements

Bachelor's degree in business, finance, or a related field, or equivalent professional experience preferred.
Minimum of 5 to 10 years of experience in ceded reinsurance operations, preferably in a property and casualty insurance environment.
Strong knowledge of reinsurance concepts and practices, including treaty and facultative reinsurance, loss reserve calculations, and claims management.
Excellent communication and interpersonal skills, with a proven ability to build and maintain relationships with internal and external stakeholders.
Strong analytical and problem-solving skills, with a focus on attention to detail and accuracy.
Proficiency in Microsoft Office applications, particularly Excel and PowerPoint.
Ability to work independently and as part of a team, managing multiple priorities and deadlines effectively.

Nice To Haves

Professional designation such as CPCU, ARM, or ARe preferred, but not required.

Responsibilities

Provide support to Ceded team’s management of the execution of the company's ceded reinsurance programs, including coordination with internal and external stakeholders to ensure effective communication and collaboration.
Maintain a deep understanding of the company's ceded reinsurance arrangements, including policy terms, contract provisions, and claims processes for pre-placement and post-placement activities.
Develop strong relationships with reinsurance brokers, business units, finance, legal, and other stakeholders to ensure effective and efficient execution of ceded reinsurance transactions.
Ensure that all ceded reinsurance activities follow regulatory requirements, including maintaining appropriate documentation and reporting as necessary.
Partner directly with reinsurance brokers throughout the placement lifecycle, including submission preparation, market strategy, terms negotiation, contract wording review, and binding.
Provide timely and accurate reports on the company's ceded reinsurance activities and status, including the creation and communication of placement documentation to all relevant internal stakeholders.
Continuously monitor and analyze the company's ceded reinsurance processes, identifying opportunities for improvement.