VP, Ceded & Captive Reinsurance Operations

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℠.

Position Description

The Vice President, Ceded & Captive Reinsurance Operations is responsible for developing and leading centralized reinsurance operations located in US branch offices and the Philippines.  This position utilizes their expertise to drive LEAN principles and methodology to assess current state and continuously improve processes and procedures in close collaboration with various internal stakeholders.  The VP works independently under guidance from the SVP to ensure strategic alignment with operational objectives.

  
Responsibilities: 

• Lead and provide oversight the Operational Center of Excellence in support of the post placement lifecycle of treaty, facultative, and captive agreements.
• Identify pain points, assess operational challenges and establish best practice solutions across the treaty, captive, and facultative work streams.
• Partner with leaders of Ceded Reinsurance, Business Units, IT, Finance, Data Transformation, and Process Excellence to adopt efficient, scalable process to enhance the customer experience and support data driven decision making.
• Set goals and action plans to ensure operational standards are being met in alignment with the AINA business strategy
• Develop standards and ensure service level commitments and quality levels are measured and met.
• Establish Standard Work in partnership with Operations Leadership and drive adoption of lean practice
• Develop a service delivery model with in alignment of operational strategies and to ensure effective delivery of reinsurance operations

Required Skills/Experience: 

• Deep knowledge of ceded reinsurance operations and accounting.        
  • Premium/Claims cession calculations for QS/XOL
  • Treaty/Facultative/Captive contracts
  • Reinsurance reporting requirements
  • STAT/GAAP accounting requirements
• Experience with reinsurance systems and best practices for operational implementation.
• Strong communication skills with proven effectiveness at all levels of the organization.
• Demonstrated ability to identify and create process efficiencies.
• Excellent data and analytical skills.
• Capability to develop and improve user-based technology tool(Macros, Alteryx, Smartsheet)
• Excellent written and oral communication skills
• Must demonstrate proficiency in Teamwork and Interpersonal Skills, Communication, Technical, and Organization, Problem Solving and Service Skills
• Self-starter demonstrating flexibility, accountability, and adaptability

Education/Qualifications:

• College degree – BA or BS preferred
•  12  years prior Reinsurance Operations Experience
• ARe, AINS, CPCU or similar designation is a plus

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.

$150,200 - $200,000/year

• 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.