Ceded Reinsurance Analyst - Starr Insurance Companies : Job Details

Ceded Reinsurance Analyst

Starr Insurance Companies

Job Location : New York,NY, USA

Posted on : 2024-10-01T05:23:01Z

Job Description :

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents. Job Objectives: This position is responsible to support the Chief Reinsurance Officer in the oversight and execution of successful treaty placements in support of direct underwriting operations. Assist in the coordination of Fac strategies and controls. Duties and Responsibilities: • Working closely with the Chief Reinsurance Officer, Underwriting, Actuarial, Claims and Operations and others as appropriate to review reinsurance requirements and analyze structure alternatives. • Develop and foster relationships with reinsurance brokers and reinsurance markets to facilitate placements, execution of contract wording, timely claims payments and gain market intelligence. • Work with Underwriting, Finance, Actuarial and Claims to gather data to assist in reinsurance submission preparation (data to be provided to broker who will prepare submissions). • Liaise with the Legal Department in the drafting of reinsurance contract wording in accordance with company standards. • Evaluate treaty reinsurance quotations; help negotiate transactions to support business requirements. • Coordinating the availability of documents and timing for claims, underwriting, transactional, and Ceded Re audits as well as audits performed by external auditors. • Coordinate and track execution of contract wordings to full completion and maintain electronic filing archive. • Summarize Treaty Terms and Schematics. • Maintain Reinsurance Resume document that provides historical detail of terms for treaties previously written. • Stay current with industry issues and developments. Requirements:

  • A minimum of 3 to 5 years of Reinsurance / Insurance related experience
  • Excellent communication (both written and verbal) and interpersonal skills
  • Strong negotiation skills
  • Strong attention to detail and quantitative skills
  • Ability to work to deadlines and prioritize tasks
  • Ability to work with various internal constituents, including underwriting, claims, actuarial, finance and IT departments
  • Ability and willingness to work outside normal office hours as required
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $125,000-150,000. Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
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