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AF Group

Reinsurance Manager

AF Group, Kalamazoo, Michigan, United States, 49006


AF Group (or any Emergent Holdings) employees who cannot access our internal job board "Opportunity Marketplace", please contact Trish Mylek for assistance. The Reinsurance Team is responsible for the ceded and assumed reinsurance of the organization and related analytics including geo-spatial risk measurement, catastrophe modelling, and catastrophe event reporting. This includes implementation of the organization's treaties, including system setup, cross department coordination, submission preparation, contract/terms negotiation, managing treaty documentation, and all related compliance and control processes. The position is responsible for working with brokers, intermediaries, and reinsurers in the placement and assumption of reinsurance agreements. Role will require utilization of analytical and critical thinking skills to help identify risks faced by business units and determining mitigating reinsurance solutions. * Lead the placement of treaty reinsurance agreements, acting as the contact for external brokers, intermediaries, and reinsurers. * Interacts with internal reinsurance legal counsel to ensure that reinsurance agreement wording is in line with agreed terms and conditions, and that all parties have agreed all terms prior to seeking binding approval. * Work with business unit leaders to understand risks and desires of reinsurance as a tool to mitigate risk. * Understand, negotiate, and achieve best reinsurance contract terms. * Prepare presentations and documents outlining the reinsurance placement strategy and objectives. * Facilitate and oversee periodic reinsurer audits and data requests. * Present and represent the company in meetings at industry events to brokers, agency partners, and reinsurers. * Supports monitoring catastrophe risk and aggregation management, with understanding of AM Best's perspective and impacts on BCAR. * Assigned advanced special projects as needed. * Assists in providing internal pricing analysis for reinsurance purchasing decisions and provide meaningful output, enabling management to make informed and sound business decisions. * Understands catastrophe modelling and how perils, geographies, and return periods impact output and business decisions. * Effectively communicates complex reinsurance matters to audiences, including internal stakeholders and executive staff. * Provide comprehensive analysis related to reinsurance purchases including but not limited to analysis of received quotes, quoting behavior, treaty structure, year on year changes in treaty cost, budget to actual treaty cost, contract interpretation and wording. * Mentor and review the work of reinsurance analysts and placement leads. QUALIFICATIONS * Bachelor's degree required, business or insurance related major preferred. * Six years of reinsurance experience required, or a combination of 6 years of either P&C experience and reinsurance may be considered in lieu. * Completion of Chartered Property Casualty Underwriter (CPCU) or Associate in Reinsurance (ARe) designations preferred. * Knowledge of property and casualty insurance with understanding of reinsurance principles, practices and procedures, products, and services. * Ability to effectively exchange information clearly and concisely, present ideas, report facts and other information, and respond to questions as appropriate. * Presentation skills and confidence to present company and product in one-on-one settings or in small groups. * Ability to apply the principles of logical thinking to define problems, collect data, establish facts and draw conclusions. * Ability to establish a personal rapport with opposing parties and to resolve conflicts in a professional manner. * Ability to serve as a mentor and trainer of reinsurance leads. * Subject matter expert in reinsurance contract structures and terms. * Thorough knowledge of insurance principles and practices including reinsurance, underwriting and marketing guidelines, and claims practices. * Knowledge of GA