Reinsurance Officer

Compensation

: $145,180.00 - $145,180.00 /year *

Employment Type

: Full-Time

Industry

: Financial Services - Insurance



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Functional Area:RE - ReinsuranceEstimated Travel Percentage (%): No TravelRelocation Provided: NoNational Union Fire Insurance Co of Pittsburgh, PAYour future teamThe Reinsurance Officer coordinates with the various departments involved in the reinsurance process, including Underwriting, Finance, Actuarial, Claims and others as appropriate to review reinsurance requirements and analyze structure options.Your contribution at AIGAs a Leader, you are respected for your deep technical expertise and/or ability to oversee programs and processes. You balance the needs of multiple stakeholders, making sound decisions using data, analysis, experience, and judgment, along with a risk mindset. Ultimately, you take ownership for key outcomes.* Collate the data required to prepare the submission package, which is provided to the broker for submission creation, by liaising with the Underwriting, Finance, Actuarial and Claims departments* Work with the Legal Department to draft and review the reinsurance contract wording in accordance with AIG's corporate standards.* Coordinate the availability of documents and reports for claims, underwriting and transactional audits, as well as any other audits performed by external auditors.* Evaluate and consider treaty reinsurance quotes and indications and negotiate the transaction to support AIG's business requirements.* Coordinate and track execution of contract wordings to full completion by AIG's contract certainty standards, and maintain electronic filing archive.* Summarize Treaty Terms and Schematics and distribute internally as needed post-placement* Develop, manage and maintain relationships with reinsurance brokers and reinsurance markets to facilitate placements, execution of contract wording, timely claims payments and gain market intelligence.* Support compliance by maintaining appropriate documentation* Understanding Profit Center business strategy and reinsurance objectives* Ensure compliance with corporate and regional security policy* Managing the special exception process when appropriate.* Coordinate and manage all external reinsurance underwriting audits as well as Manage and/or conduct field audits for complianceWhat we are looking for* A minimum of 5-10 years of Reinsurance related experience* ARe and/or CPCU preferred* Bachelor's degree or equivalent experience* Excellent communication skills (both written and verbal)* Strong negotiation skills* Strong attention to detail and quantitative skills* Ability to meet deadlines and prioritize tasks* Strong interpersonal skills and ability to work with various internal stakeholders, including underwriting, claims, actuarial, finance and IT departments* Strong Casualty background experience* Ability to travel as required* Strong Microsoft Office skills, including PowerPoint, Word and ExcelIt has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
Associated topics: actuarial, actuarial assistant, actuarial director, actuary consultant, assistant actuary, cost, investment actuary, life actuary, mathmatics, model * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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