Vice President

  • 37256
  • Non-Life - CAT Modeling
  • |
  • Minnesota, United States
  • |
  • Apr 24, 2020
Insurance
RESPONSIBILITIES
  • Develop strong relationships with key decision makers, including current and potential at clients and prospects.
  • Develop a wide network of relationships among reinsurance underwriters, actuaries and other service staff to promote effective negotiating skills. Learn how to negotiate effectively to achieve client and prospect goals.
  • Facilitate annual audit including developing agenda, sending out pre-meeting information and following up.
  • Understand importance of each relationship and key stakeholder and what motivates them.
  • Become familiar with all aspects of reinsurance structure, each contract and what it covers and why it is designed the way it is.
  • Understand and manage catastrophe modeling needs for clients and annual deliverables for their ERM plan. Oversee SRQ and other annual calculations. Develop or maintain timely reports. Work closely with client on data capture and quality. Become aware of claim reporter and how client uses it.
  • Understand basic rating methodology. Maintain peer studies for client and update as required.
  • Anticipate requests and proactively supply information as appropriate.
  • Complete/oversee annual Actuarial work for contracts including on level rate making, loss trend and development factors and change of same over time. Report on and describe same to reinsurer committee.
  • Maintain or oversee client specific databases for claims and WC reports. Requires annual, semi-annual to quarterly review of large data sets and manipulation of same to produce desired template reports and keep updated for client.
  • Keep client informed of signing process. Expect annual review from client on same.
QUALIFICATIONS
  • 4-year degree from accredited college or university.
  • Minimum of eight years’ experience in a broker role.
  • Excellent understanding of reinsurance contracts.
  • Strong understanding of Catastrophe Modeling process/output, Actuarial process/output and client specific processes/output.
  • Good understanding of AM Best rating methodology.
  • Strong skills using Microsoft Office suite of products, including Word, Excel and PowerPoint, in particular.
  • Ability to see big picture with the ability work in a detailed and thorough manner.
  • Excellent attention to detail with strong follow-through and follow-up skills.
  • Ability to manage time, prioritize and work to deadlines; adept at multi-tasking with strong organizational skills.
  • Highly collaborative personality with ability to maintain positive client relationships; flexible to meet the needs and demands of a fast-paced work environment.
  • Ability to use initiative to research and work out problems, takes ownership for resolution.
  • Ability to effectively communicate and interact with internal and external clients and vendors through both verbal and written means with excellent listening ability.
  • Willingness to learn and to take ownership.
  • Ability to handle privileged and confidential information in a secure and discreet manner.
  • Ability to make good decisions using independent judgment.
  • Support Company’s vision on a team, business unit, and Group level in all daily activities.