Principal Reinsurance Placement Consultant

American Family Insurance•Madison, WI

4d•$131,000 - $220,000•Hybrid

About The Position

Lead complex ceded reinsurance placements across the enterprise, partnering with business and product leaders, brokers, reinsurers, actuarial, catastrophe modeling, finance, underwriting, and other internal stakeholders. The role develops underwriting submissions, evaluates reinsurance alternatives, and supports effective risk transfer decisions. The consultant leads the collection, validation, testing, reconciliation, and analysis of exposure, premium, loss, and other underwriting data. The role performs advanced exposure and experience analyses, evaluates catastrophe modeling results, assesses reinsurance structures and terms, and makes recommendations on placement strategy, structure, and execution. It serves as a primary contact for brokers and reinsurers and as a senior subject matter expert within Ceded Reinsurance. The position reports to the Director, Ceded Reinsurance Operations. It is primarily home-based. Candidates who live within 35–50 miles of a core office location may work in a hybrid arrangement. Core locations are Madison, WI; Boston, MA; Hopkins, MN; Phoenix, AZ; Keene, NH; St. Joseph, MO; and Denver, CO. New employees participate in an orientation during their first week, usually in person at the Madison headquarters or another core location, with virtual sessions possible depending on scheduling and availability.

Requirements

Demonstrated experience providing customer-driven solutions, support, or service.
Demonstrated experience analyzing complex financial statements, hazards, coverage, losses, pricing terms, and competitive positions.
Demonstrated experience communicating and presenting complex global treaty findings and recommendations to internal and external contacts.
Demonstrated experience managing and leading large, complex projects.
Demonstrated experience working with reinsurance brokers and ceding insurance companies to create new reinsurance business opportunities.
Demonstrated reinsurance experience underwriting new business, retention, and other goals.
Extensive knowledge of the global reinsurance industry, including its market, regulatory constraints, judicial climate, and consumer activism.
Extensive knowledge of advanced financial and statistical analysis techniques, including actuarial techniques.
Extensive knowledge of property and casualty insurance and ceded reinsurance, including treaty and facultative structures.
Strong understanding of reinsurance placement processes, underwriting submissions, contract structures, and market practices.
Advanced analytical capabilities, including experience evaluating exposure data, premium and loss experience, catastrophe model output, and reinsurance pricing and structures.
Ability to synthesize complex quantitative and qualitative information into clear, actionable recommendations.
Ability to manage relationships and communicate effectively with brokers, reinsurers, senior business leaders, and technical subject matter experts.
Strong understanding of insurance profitability, underwriting, exposure management, catastrophe risk, and enterprise risk management.
Strong written and verbal communication skills, including presenting complex reinsurance information to technical and executive audiences.
Ability to exercise independent judgment, technical expertise, and professional discretion.
Ability to provide technical guidance and mentorship to Ceded Reinsurance team members.

Responsibilities

Lead end-to-end execution of complex ceded treaty and facultative reinsurance placements in accordance with enterprise risk transfer objectives.
Lead collection, validation, testing, and reconciliation of underwriting submission data, collaborating across business units to identify relevant exposure, premium, loss, rate, underwriting, and other information.
Develop and coordinate underwriting submissions that communicate portfolio characteristics, underwriting strategy, risk management actions, historical performance, and other information relevant to reinsurers.
Perform exposure and experience analyses, historical loss evaluations, catastrophe model output analysis, and assessments of alternative reinsurance structures to support purchasing decisions.
Partner with catastrophe modeling, actuarial, finance, underwriting, and business teams to evaluate portfolio risk and develop actionable placement recommendations.
Work with reinsurance brokers and reinsurers on submission development, market discussions, data requests, structuring alternatives, quote evaluation, and placement execution.
Analyze reinsurance proposals, pricing, terms, conditions, and structural alternatives and develop recommendations for Ceded Reinsurance leadership.
Support development and evaluation of enterprise reinsurance strategy, including attachment points, limits, retentions, participation levels, and other structural considerations.
Assess contract terms and structures to ensure placements align with intended risk transfer objectives and can be administered effectively.
Lead and coordinate reinsurer underwriting reviews and market presentations with internal stakeholders.
Manage complex cross-functional placement initiatives and coordinate stakeholders, deliverables, and critical milestones.
Provide technical guidance to business partners and Ceded Reinsurance team members on structures, placement processes, analytics, and market considerations.
Identify opportunities to improve placement analytics, data quality, processes, and market communication.
Perform other duties as assigned.