Executive Director, Casualty

About the position

The Executive Director - Casualty is responsible for setting the strategic direction of QBE Re's product portfolio, ensuring underwriting quality, and driving the performance of product lines across the entire organisation. At QBE our Casualty business covers FinPro, Cyber, Motor, General Liability, Umbrella Liability, Workers' Compensation. As a key member of the Reinsurance Executive Committee (ReDex), which provides strategic leadership for the reinsurance business, this role plays a pivotal part in shaping and executing the company's reinsurance product strategies. Additionally, as the leader of the Global Product Committee for Casualty, the Executive Director collaborates with a global network of casualty underwriters to implement these strategies and ensure alignment across all markets.

Responsibilities

• A member of the QBE ReDex, leadership team responsible for setting and executing the strategic direction for QBE Re
• Overseeing the Global Product Committee, which involves the development, management and innovation of specific product to meet strategic goals
• Facilitate collaboration across product underwriters in different regions to leverage Re's global capabilities and expertise
• Establish and strengthen strong relationships with key stakeholders including cedants, brokers, industry bodies, business partners, retrocession Aires and colleagues, to maximize influence and achieve business objectives
• Create the annual business plans globally for Casualty
• Produce product strategies (including underwriting appetites, tolerances, and guidelines)
• Produce product plan narratives, in line with Group expectations
• Discuss and consider new opportunities and ensure adherence to the New Product Protocol, as required
• Co-ordinate cross-platform deployment of capacity
• Initiate new ideas and concepts to support the development and delivery of the business plan and strategic growth objectives
• Establish and communicate appropriate Risk appetites for the product and ensuring that the Underwriting Business areas operate within those limits
• Monitor ongoing adherence to product strategy
• Review performance of product plan post each key renewal season and/or each quarter
• Update on cedant, competitor and broker developments and ensure product strategies remain appropriate in the context of current market conditions
• Proactively conduct Post Event Reviews (PERs) and comment on 'lessons learned' and any required response
• Manage all relevant actions arising from any peer and/or independent reviews, including Cell Reviews
• Review and approve materials in advance of submission to both the Performance Management Group (PMG) and Cell reviews
• Ensure awareness of any forthcoming Client / Broker meetings and Conference attendance
• Ensure Global consistency for exposure tracking and RDS management
• Review all relevant accumulations on a quarterly basis against pre-agreed underwriting tolerances and agree required actions
• Monitor and report on progress, identify deviations, recommend and implement remedial action, to achieve business objectives
• Review large and complex referrals; making product specific underwriting decisions within QBE Re Underwriting Governance
• Act as a technical expert to support the identification of issues and opportunities within the product line
• Underwrite reinsurance deals in accordance with the business plan and personal authority

Requirements

• Relevant Reinsurance experience in at least one or several of the lines of business within casualty
• Excellent organizational, prioritization and interpersonal skills
• Good negotiating skills
• Ability to analyze and use data for decision making
• People management - proven ability to engage and lead a team
• Use of risk profiling, pricing tools and loss models
• Commercial acumen
• Ability to articulate strategic visions of the portfolio
• Significant relevant reinsurance experience
• Experience leading teams

Nice-to-haves

• Tertiary Degree or equivalent combination of education and work experience

Benefits

• Hybrid Working - a mix of working from home and in the office
• 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis
• Competitive 401(k) program with company match up to 8%
• Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
• Tuition Reimbursement for professional certifications, and continuing education
• Employee Network and Community - QBE actively supports six Employee Networks, and many ways to give back to your community