Reinsurance Placement Specialist

Reinsurance Placement SpecialistJoin to apply for the Reinsurance Placement Specialist role at لد americanag®This range is provided by AmericanAg®. Your actual pay will be based on your skills and experience "” talk with your recruiter to learn more.Base pay range$150,000.00/yr - $190,000.00/yrAmericanAg®, a global provider of diversified reinsurance services, is looking for a Reinsurance Placement Specialist to join our Reinsurance Strategy and Placement & Broker Assumed Operations team based out of our office in Schaumburg, Illinois. This is a hybrid position working in the office three days a week.Reporting to the Director of Reinsurance Strategy and Placement, the Reinsurance Placement Specialist will play an important role in supporting the department in reinsurance and retrocessional information gathering, structure optimization, and transaction execution. This position combines unique features of being a reinsurance buyer, reinsurance broker and portfolio manager.The Reinsurance Placement Specialist will be responsible for:Building and maintaining strong relationships with brokers and reinsurers, with significant participation in meetings addressing marketing of programsWorking with internal stakeholders as the liaison between reinsurance brokers and/or direct writer reinsurers concerning individual treaty reinsurance transactionsAssisting in placement of reinsurance protections for AmericanAg® in accordance with the company's enterprise risk management guidelinesContributing to the review of underwriting submissions, program structures, policy language, and market quoting for reinsurance programsWorking with clients, brokers, and reinsurers relating to all aspects of assumed and ceded reinsurance programs at AmericanAg®Tracking and analyzing pricing feedback from internal and external sourcesMaintaining current, in-depth knowledge of the reinsurance marketplace - including industry activity and trends, state issues and regulations, and market developments - to provide timely and relevant information to internal and external stakeholdersCoordinating with internal departments regarding treaty administration, compliance issues, and execution of conditions of contractsOrganizing and coordinating internal responses to requests for transactional audits for corporate or state"‘specific reinsurance placementsWhat you will bring to this role:Bachelor's degree or equivalent experienceSix or more years of insurance experience, with three years of reinsurance experienceThorough understanding of reinsurance contract language and reinsurance pricing conceptsExtensive knowledge of the reinsurance market as it relates to reinsurance companies, product and service offerings, market pricing, coverage, and capacity trends, and the жатিবলৈ personnel in the direct deireadh and broker market channelsUnderstanding of the process of buying reinsurance, including submission development, finalization of reinsurance terms and conditions, gathering authorizations, signing of lines, and contract managementExcellent interpersonal, written, and verbal communication skills, along with the ability to build and develop relationshipsExperience with reinsurance finance and claims administrationFluency with catastrophe modeling outputProficiency with Microsoft Office products, especially with ExcelContinuing education in insurance certification programs (CPCU, ARe) preferredThe expected starting salary range for this position is between $150,000-$190,000. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job"‘related factors permitted by law. This position is also eligible for an annual bonus.We do not sponsor employment visas and are unable داریم to take over an employment visa from another employer. Applicants must patsi be authorized to work in the U.S. for any employer without the need for employment visa sponsorship.Who We AreSince 1948, AmericanAg® has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at Reasons to Consider AmericanAg®At AmericanAg®, you'll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential.Senior level - Mid"‘Senior levelEmployment type - Full"‘timeJob function - FinanceIndustries - InsuranceBenefits include - Medical insurance, Vision insurance, 401(k), Pension plan, Paid maternity leave, Paid paternity leave, Tuition assistance, Disability insurance #J-18808-Ljbffr

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