Job Description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

The role is responsible for managing the treaty renewal process for reinsurance, including developing renewal strategies, coordinating information gathering with brokers and business divisions, and overseeing data collection and reconciliation. Key duties involve comprehensive analysis of reinsurance purchases, such as evaluating quotes, treaty structures, and cost changes, as well as recommending optimal terms and structures based on market insights. This is a hybrid (3 days onsite) position in NY, NY.

Responsibilities and Accountabilities:

• Effectively manage treaty renewal process

• Develop and articulate renewal strategy to be presented to ceded re leadership

• Work with brokers, business division(s), corporate underwriting and actuarial department to identify and gather information necessary for each reinsurance treaty submission

• Manage data collection process, testing and reconciliation of submission data

• Provide comprehensive analysis related to reinsurance purchase 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 wording, comparison of direct policy pricing vs. facultative pricing, etc.

• Provide recommendations for Firm Order Terms, participation allocations and reinsurance structure based on technical and strategic analysis of the reinsurance marketplace with considerations for pricing, diversification of credit risk and long term reinsurance purchase strategy

• Plan & coordinate both externally and internally virtual reinsurance underwriting audits in conjunction with treaty renewals

Required Skills and Abilities:

• Comprehensive knowledge of the reinsurance placement process, including its financial impact on the Corporation

• Demonstrated ability to manipulate and organize large data sets effectively in Excel

• Strong financial acumen

• Ability to communicate effectively and to think strategically

• Ability to interpret contracts and negotiate effectively

• Strong business writing skills

Education & Experience:

• Bachelor's degree required

• 7+ years of reinsurance/insurance industry experience with adequate exposure to underwriting and claims processes required. Direct reinsurance placement, underwriting or brokerage experience preferred.

• ARe, CPCU and AIAF designations preferred

#LI-Hybrid

#LI-AM3

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$123,000 - $190,000/year + 15% target bonus

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.