Reinsurance Account Executive
About The Position
The purpose of the job is to write profitable assumed treaty reinsurance business. This role involves researching and identifying new clients, developing marketing plans to convert prospects into clients, and fostering strong relationships with existing clients. The underwriting process includes researching companies, analyzing complex reinsurance treaty information, interpreting reinsurance contracts, providing profitable pricing indications, and presenting recommendations to the reinsurance team. While demanding, the role offers a challenging and rewarding work experience.
Requirements
- Ability to represent Shelter Insurance Companies to top management of insurance companies and reinsurance brokers using high-level communication and marketing skills to build and cultivate long-term relationships.
- Work independently while contributing to a team environment.
- Maintain regular predictable attendance to ensure minimal disruption to schedules and deadlines.
- Possess negotiation skills and be able to influence and close deals.
- Strong work ethics and ability to make strong ethical decisions, at times independent of management guidance.
- Exceptional interpersonal and teamwork skills.
- Knowledge and understanding of financial and statistical analysis techniques and pricing models.
- Knowledge of the property and casualty insurance market, Shelter Insurance Companies’ operations and global reinsurance market.
- Understanding of risk transfer and reinsurance principles, contract construction and working knowledge of actuarial and financial mathematics used in modeling and measuring risk and reward of reinsurance structures.
- Knowledge of catastrophe modeling platforms and ability to analyze outputs.
- Ability to demonstrate proficiency in Word, Excel and PowerPoint.
- Strong oral and written communication skills for frequent interactions with outside firms and representatives and ability to present complex data/information to varied audiences.
- Typically requires minimum of 2 years related insurance/reinsurance experience with higher-level decision-making responsibilities.
- Completion of, or working toward, CPCU and/or ARe certification and/or MBA, etc. is required.
- Able to perform essential job functions with or without reasonable accommodation.
Nice To Haves
- Bilingual or multilingual ability is preferred but not required.
Responsibilities
- Write profitable assumed treaty reinsurance business.
- Research and identify new clients.
- Develop a marketing plan designed to turn prospects into clients.
- Foster and maintain good relationships with existing clients.
- Research a company.
- Analyze complex reinsurance treaty information.
- Interpret reinsurance contracts.
- Deliver profitable pricing indications.
- Present recommendations to the reinsurance team.
Benefits
- Health, Dental, Voluntary Vision and Prescription Drug Insurance
- Savings and Profit Sharing
- 401(k)
- Paid Time Off for Sick and Personal Leave, Vacation and Holidays
- Vitality Wellness Program
- "Dress for Your Day" Dress Code
- Flexible Scheduling
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
