Reinsurance Account Executive

Company DetailsA reinsurer that's expanding distribution where we can strategically deploy our paper, product development & capacity for reinsurance, programs & bolt-on / turnkey products including Workplace Violence (Commercial), Violent Event Coverage (Personal) Cyber Liability (Commercial, Personal & Farm), Contractors Professional and EPLl. We work with carriers, MGAs, PAs, agents, captives, embedded partners & more.ResponsibilitiesResponsible for underwriting analysis on new and existing casualty treaty, and program reinsurance business. You will evaluate books of ceding company business including exposures, pricing structures, rates, terms and conditions, in accordance with corporate reinsurance guidelines and within given authority levels. You will also support management in setting the strategic direction of our assumed reinsurance business.  You will develop relationships with a range of ceding company personnel and alternative distribution sources to ensure profitability of our reinsurance portfolio.Preferred locations include : Atlanta, GA; Philadelphia, PA; Naperville, IL and Stamford, CT.  The position may also be remote.Reinsurance Underwriting (50%) Evaluate ceding insurance company's financial standing, operational strategy, and industry trends to determine whether to accept the business, and if so, under what terms for renewal and new business  Perform exposure and experience analysis on renewal business by combining knowledge and experience with available information on ceding insurance companies Assess proposed structure, the ceding insurance company`s operations and anticipated hazards, losses, expenses, financial strength, loss experience, and other underwriting considerations Evaluate treaty contract and coverage language and manage documentation work flow; ensure the contract outlines the risks, intended coverage, and other fields required specific to the contract within given authority limits Complete all required steps on account set up, documentation, and account managementMarketing (20%) Strategize and create opportunities within the Insurtech distribution model that support business development and growth Network within the insurance industry uncovering new business opportunities for both traditional reinsurance and in-house developed turn-key products such as cyber liability and workplace violenceAccount Management (15%) Develop and cultivate effective business relationships with assigned ceding companies as well as internal and external clients in order to retain profitable business for our operation Meet with clients regarding renewal assumed reinsurance businessCollect, maintain, develop, and document all underwriting data to the assumed reinsurance portfolio  Interact with clients and others during pre-renewal season, submission process, audits, and midterm changes for treaty accountsProject Management (15%) Drive collaboration in cross divisional project teams Report project team efforts to the stakeholders to assure consistent communication continues among the project team and their sponsorsQualificationsBachelor's degree or equivalent experienceMinimum 7–10 years of reinsurance market experience involving underwriting and marketingBasic knowledge and understanding of reinsurance industry, underwriting standards, and competitive practicesBasic knowledge and understanding of financial pricing models, methodology, and toolsDemonstrated experience building and cultivating relationships with internal and external contactsExperience managing and leading large, complex filing and department of insurance projects...this applies to our customer turnkey productsSolid knowledge and understanding of profitability, growth, and risk conceptsUnderstanding of advanced financial and statistical analysis techniques including actuarial techniquesKnowledge of property reinsurance and familiarity in the Program Administrator space a plusTravel Requirements : this position requires travel up to 20�ditional Company DetailsThe Company is an equal employment opportunity employer. Additional RequirementsWe do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes : Base Salary Range : $150,000 - $220,000 The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.This role is eligible to participate in the annual discretionary bonus program.Benefits : Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Sponsorship DetailsSponsorship not Offered for this RoleJob SummaryID : 2024-11359Date Posted : 3 weeks ago(12 / 20 / 2024 4 : 01 PM)Company : Berkley Re SolutionsPrimary Location : US-IL-NapervilleLoc2 : GA, Atlanta - 2 Ravinia Drive - Suite 1000Loc3 : PA, Philadelphia - 30 S 17th Street - Suite 1450Loc4 : CT, Stamford - Suite 600Category : Underwriting

Salary : $150,000 - $220,000