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Premium, straightforward insurance
Director, Ceded Reinsurance
Location
United States
Posted
115 days ago
Salary
$200.3K - $333.9K / year
Seniority
Lead
Job Description
Director, Ceded Reinsurance
Openly
• Support Openly’s reinsurance program, including technical analysis and recommendation of structural strategies for Openly’s use and purchase of reinsurance coverage, developing relationships with incumbent and new markets, and managing the brokerage/placement process. • Maintain and evolve reinsurance capacity development strategies, including forging new relationships with traditional and non-traditional reinsurance capital providers and industry participants. • Collaborate with finance, insurance product, strategy, and legal teams to manage Openly’s reinsurance planning and placement processes. • Support the work of various departments such as Insurance Product Management, Insurance Product Research, Financial Planning & Analysis, Accounting & Reporting, and others. • Provide insights into risk-bearing activities at Openly, offering up strategies that further Openly’s growth and profitability objectives. • Be a thought leader within Finance & Strategy as the organization expands, spearheading projects as they arise.
Job Requirements
- 10+ years of related experience
- Bachelor’s degree in finance or another quantitative field. MBA preferred
- Deep technical experience in property and CAT reinsurance structuring
- Strong analytical and problem-solving skills and the ability to think strategically through challenging questions
- Frequent travel (US domestic travel & International travel to London, Bermuda, Cayman, Germany, etc.) is required
- Experience in networking with reinsurers, negotiating and placing reinsurance programs
- Familiarity with Cat modeling outputs (Verisk Touchstone & RMS RiskLink) and vendor model parameter risk is required
- Experience with unauthorized and/or unrated reinsurance requirements is highly desirable
- Ability to manage reinsurance brokerage relationships effectively and has a strong reinsurance negotiation experience
- Strong interpersonal communication skills with the ability to synthesize complex and nuanced concepts to technical and non-technical audiences
- Ability to fit into a unique culture that is highly nimble, adaptable, execution oriented and resilient
- Excels in a fast-paced, demanding environment; able to manage multiple tasks and juggle several time-sensitive demands, while adapting to changing priorities
- Able to create and deliver effective presentations to both external and internal audiences.
Benefits
- Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it.
- Competitive Salary & Equity
- Comprehensive Medical, Dental, and Vision Plan Offerings
- Life and disability coverage including voluntary options
- Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements
- 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute.
- Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
- Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. We want each Openly employee to achieve personal and professional success and to feel supported, confident, and informed about improving their efficiency and productivity.
- Be Well Program - Employees receive $50 per month to use towards your overall well-being
- Paid Volunteer Service Hours
- Referral Program and Reward
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