Director of Ceded Reinsurance (Remote, US)

Sorry, this job was removed Sorry, this job was removed at 08:32 p.m. (CST) on Thursday, May 01, 2025
Easy Apply
Be an Early Applicant
Hiring Remotely in US
Remote
211K-251K Annually
Insurance
Challenging the industry status quo while serving Agents & Policyholders by using data, technology, and expertise.
The Role

                     

Openly is rebuilding insurance from the ground up. We are re-envisioning and enhancing every aspect of the customer experience.  Doing this requires a rapidly growing team of exceptional, curious, empathetic people with a wide range of skill sets, spanning technology, data science, product, marketing, sales, service, claims handling, finance, etc.

Now is the perfect time to join Openly. Here’s why:

  • Established success, rapid expansion. Openly thrives in 24 states, powered by thousands of satisfied independent agents and policyholders, and continues to expand its reach across the country.
  • Strategic growth backed by leaders in innovation. Openly is supported by some of the world’s leading investors, including Google’s “Gradient” AI-focused fund, Allianz X, Eden Global Partners, Advance Venture Partners, Obvious Ventures, Clocktower Technology Ventures, and Point Judith Capital.
  • Help shape Openly’s future. With a strong foundation, Openly offers unparalleled opportunities to directly influence our trajectory and make a significant impact as we continue to scale and revolutionize the insurance industry.

If you’d like to understand more about Openly’s mission, consider checking out this video (https://vimeo.com/267654520) from a company pitch we gave several years ago at Techstars. 

Openly is seeking a heavily analytical Director of Ceded Reinsurance who will lead the company’s day-to-day ceded reinsurance operations while developing iterative improvement of the company’s buying strategy. This role will critically contribute to improving spend efficiency, reducing EBIT volatility, and protecting risk capital. 

We are looking for someone who will embed themselves within internal and external stakeholder teams on a basis of trust, accountability, and mutual support. The right candidate will be excited to deeply understand and contribute to Openly’s unique approach to product, risk, and capital management.

This role will report to the Head of Reinsurance & Capital Management and sits within the Finance team.

Key Responsibilities 

  • Ownership of the reinsurance placement process from submission generation to proposal of signed lines
  • Develop and execute opportunities to enhance current and future state buying strategies
  • Maintain and evolve reinsurance capacity development strategies
  • Maintain and build upon our traditional reinsurance and ILS capacity provider relationships
  • Monitor an evolving rating agency and regulatory environment for any potential revisions needed to reinsurance and capital protection strategies 
  • Ensure we are accurately forecasting and managing to an efficient reinsurance budget
  • Become a key relationship lead between Openly and our carrier partners
  • Manage day-to-day relationships with our co-broking teams 
  • Build and leverage strong relationships with internal stakeholders (Openly business unit leaders) to accurately represent these teams to external stakeholders (reinsurers, ILS asset allocators, etc.)
  • Support the work of various departments such as Insurance Product Product Management, Insurance Product Research, Financial Planning & Analysis, Accounting & Reporting, and others
  • Drive as-needed financial modeling, providing clear financial insights that help management gauge trade-offs and implications of different strategic reinsurance alternatives
  • Be a thought leader and partner to the CFO and Head of Reinsurance & Capital Management as the organization expands, spearheading projects as they arise.

Requirements

Candidates are required to be analytical, highly effective communicators, and display thoughtful business judgement. The candidate will also have a proven track record of employing analysis to influence senior-level decision-making. The candidate should be a self-starter with a strong work ethic who is highly results-oriented, inquisitive, and enjoys problem solving with minimal structure.

  • 12+ years of relevant work experience is required. Relevant work experience includes, but is not limited to reinsurance underwriting, reinsurance broking, Cat modeling, ceded reinsurance operations, captive management, program management, capital management, etc. 
  • Proven leadership skills (including direct management of a team) and the ability and willingness to coach, develop, and mentor others is required
  • Bachelor's degree in finance, economics, and/or math are highly preferred, or other degree with relevant work experience is required
  • Frequent travel (US domestic travel & International travel to London, Bermuda, Cayman, Germany, etc.) is required
  • Strong grasp of statistical analysis is required
  • Familiarity with Cat modeling outputs (Verisk Touchstone & RMS RiskLink) and vendor model parameter risk is required
  • Experience with unauthorized and/or unrated reinsurance requirements is highly desirable
  • Experience at or related to fronting carriers is highly desirable
  • Experience with AM Best & Risk Based Capital requirements highly desirable.
  • Advanced Microsoft Excel skills are essential, with prior programming experience a plus (R, Python, etc.)
  • Excels in a fast-paced, demanding environment; able to manage multiple tasks and juggle several time-sensitive demands, while adapting to changing priorities
  • Able to create and deliver effective presentations to executive leadership with wide-ranging backgrounds.

Compensation & Benefits: 

The target salary range represents the budgeted salary range for this position.  Actual compensation for this position will be determined based on the successful candidate's experience and skills. We are committed to providing a compensation package that not only reflects the responsibilities and requirements of the role, but also the unique expertise that the chosen candidate will bring to our team.

Target Salary Range

$211,200$250,800 USD

The full salary range shows the min to max salary range for this position.  Actual compensation will be commensurate with experience and qualifications and determined based on various factors including the candidate's qualifications, skills, and experience.

Full Salary Range

$198,000$330,000 USD

Benefits & Perks

  • Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it.
  • Competitive Salary & Equity
  • Comprehensive Medical, Dental, and Vision Plan Offerings
  • Life and disability coverage including voluntary options
  • Competitive PTO - 20 days and 11 paid holidays (including floating holidays)  per year under the Company’s vacation and holiday policies.
  • Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements
    (Birthing parents may be eligible for additional leave through STD)
  • 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute.
  • Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
  • Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. We want each Openly employee to achieve personal and professional success and to feel supported, confident, and informed about improving their efficiency and productivity.
  • Be Well Program - Employees receive $50 per month to use towards your overall well-being
  • Paid Volunteer Service Hours
  • Referral Program and Reward

Depending on position, Employees generally are eligible for cash incentive compensation, including commissions for sales eligible roles. In all cases, eligibility for compensation and benefits is subject to applicable plan and policy terms in effect from time to time.

U.S. Citizens, Green Card Holders, and those authorized to work in the U.S. for any employer and currently residing in the US will be considered.

Openly is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Openly is an E-Verify Employer in the United States. Openly will make reasonable accommodations for qualified individuals with known disabilities under applicable law.


We strive to provide an exceptional applicant and candidate journey when you engage with us. In an effort to respond to applicants in a timely manner, we leverage AI to organize applications and resumes based on required and applicable skills and experience. To allow our applicants to drive their initial interview experience with us, we may leverage an AI-supported scheduling tool so you can choose when to meet with our team. While AI assists with efficiency, all hiring decisions are made by our team members. Rest assured, your data is protected according to privacy laws and company policies. Contact our recruitment team with any questions about our AI-assisted hiring process.

Similar Jobs

Easy Apply
Remote
United States
60K-71K Annually
Easy Apply
Remote
United States
60K-71K Annually
Easy Apply
Remote
United States
74K-87K Annually
Easy Apply
Remote
US
89K-105K Annually
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Boston, MA
389 Employees
Remote Workplace
Year Founded: 2017

What We Do

Openly is proud to offer innovative, comprehensive homeowners insurance, wrapped in modern convenience. We arm agents with the tools necessary to serve up a world class customer experience.

Why Work With Us

As a diverse and inclusive team, we honor our legal and ethical obligation -regardless of who's watching- as we strive to understand others' perspectives. We're always asking questions so we can make a positive impact and solve problems efficiently. Breaking industry barriers and setting new standards requires comfort in ambiguity. #OpenlyLife

Gallery

Gallery

Openly Offices

Remote Workspace

Employees work remotely.

Typical time on-site: None
HQBoston, MA
By clicking Apply you agree to share your profile information with the hiring company.

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account