AVP - Commutations

Enstar Group

6d • $100,000 - $120,000

About The Position

Reporting to the US Commutations Manager, the Commutations AVP is a key role and has significant responsibility in supporting the Commutations Department by driving the actions required to deliver the strategy and goals. Commutations are a core element of the “Enstar effect”.

Requirements

• 7–10 years of insurance and reinsurance experience, preferably in Claims.
• Experience negotiating settlements, including commutations or claims.
• Experience working with a high degree of autonomy.
• Strong professional written and verbal communication skills.
• Experience collaborating with Claims, Legal, and Actuarial teams within an insurance or reinsurance company.
• Extensive understanding of insurance and reinsurance products, including their terms, conditions, and application to claims.
• Extensive understanding of legislative and legal frameworks across major insurance markets.
• Understanding of actuarial pricing principles and legal dispute processes, including costs, outcomes, risks, and rewards.
• Composure under pressure.
• Develop operational plans and manage resources effectively.
• Analyse and interpret financial data.
• Price and/or peer review significant deals.
• Incorporate coverage, uncertainty, and potential legal outcomes into pricing.
• Communicate complex ideas and exposure matters to senior and executive management.
• Explain and negotiate deals with counterparties, including where relationships may be strained by coverage disputes.
• Develop and deliver presentations.
• Build strong working relationships.
• Train and mentor junior staff.
• Lead projects and serve as a best-practice and quality resource.
• Global Employee Relations & Regulatory Expertise: Understands multinational employment frameworks and manages global ER risks with sound judgment and consistency.
• Operational Excellence & HR Service Integration: Partners with global HR Operations and Technology to deliver integrated, scalable HR solutions and a unified employee experience.
• Executive Communication & Relationship Effectiveness: Communicates with global executive presence; builds strategic relationships across cultures, regions, and business units.

Responsibilities

• Identify commutation targets, engage counterparties, price transactions, and negotiate deals.
• Contribute to the broader commutations strategy.
• Identify and resolve internal and external business challenges related to commutations.
• Work with Senior Management to include commutation plan savings in the Enstar US Business Plan.
• Track progress against the commutation plan throughout the year.
• Own all assumed and ceded commutations involving US-domiciled counterparties.
• Liaise with Client Management teams on commutations for portfolio companies.
• Represent the company externally with regulators, professional services firms, and the wider market as required.
• Take reasonable steps to ensure the accountable business area complies with applicable laws, rules, regulations, good governance, and Enstar’s shared values, including putting clients at the heart of the business.
• Undertake additional duties as required, including valuation and/or due diligence.
• Interpret internal and external issues and recommend solutions and best practices.
• Guide others in resolving complex issues within the role’s specialist area and address complex problems affecting cross-functional business processes and outcomes.

Benefits

• Best-in-class Medical, Dental, and Vision healthcare for single and family coverage.
• Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.
• Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
• Access to Dependent Care FSA to cover daycare expenses.
• Access to Employee Assistance Programs (EAP) for health and well-being.
• Optional Pet & Home/Auto Insurance.
• Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
• 401K retirement plan (company matches up to 6% of employee contribution).
• One paid annual volunteer day.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed