Reinsurance Underwriting Manager
MSIG USA · New York, NY · 2 wk ago
HybridFinance$150k–$185k/yrFull-time
Essential Duties & Responsibilities
- Lead ceded treaty negotiations and placements to secure capacity and efficient terms aligned with underwriting needs and market conditions.
- Negotiate and finalize terms for assumed and/or related-party treaty arrangements as applicable to the organization’s structure and guidelines.
- Coordinate and ensure timely delivery of materials supporting negotiations (e.g., loss, premium, catastrophe/aggregation summaries, operational overviews), driving the full renewal/placement workflow end-to-end.
- Manage day-to-day strategic relationships with reinsurance brokers and reinsurers, representing the company with credibility, professionalism, and a “trusted counterparty” presence.
- Oversee reinsurer selection and security considerations in partnership with governance forums/committees (and consistent with applicable regulatory requirements).
- Review, negotiate, and approve treaty/facultative wording, endorsements, schedules, and related contract documentation to ensure clarity, enforceability, and alignment with intended coverage.
- Ensure outward reinsurance contracts respond as expected by identifying and escalating coverage gaps, exclusions, sublimits, cancellation provisions, collateral terms, and other key clauses that could create adverse outcomes.
- Apply disciplined checklist-based review practices for facultative placements (e.g., verifying declaration details, evidence of cover, required signatures, and consistency of terms).
- Provide expert guidance to underwriting leadership on treaty alignment, facultative utilization, retention strategy, and escalation decisions for complex or high-severity risks.
- Act as a subject matter expert supporting internal stakeholders on complex reinsurance booking, payment/collection considerations, and reinsurance-related claim/reporting workflows.
Required Qualifications
- Bachelor’s degree required (Business, Finance, Risk Management, Insurance, Actuarial, or related field).
- 15+ years of progressive reinsurance experience in P&C (ceded treaty and/or facultative; broker-facing negotiation required).
- Demonstrated ability to independently lead complex negotiations and finalize contract wording with minimal oversight.
- Strong understanding of reinsurance structures and key contractual terms/clauses (proportional and non-proportional; collateral considerations as applicable).
- Expert negotiation, influence, and stakeholder management skills; comfortable operating with senior executives and external market partners.
- Advanced contract/wording review capability: ability to identify ambiguity, manage clause negotiation, and reduce unintended exposures.
- Strong analytical skills (portfolio impact, pricing/structure tradeoffs, aggregation/cat considerations as available in your org).
- Organized, detail-oriented, and able to manage multiple timelines and negotiations concurrently under pressure.
- Strong written and verbal communication; able to create clear executive-ready summaries and negotiation rationales.
- Preferred professional designations such as CPCU, ARe, or equivalent reinsurance education.
- Experience working closely with reinsurance accounting/operations and understanding downstream implications of wording and structure.
Salary
The base pay range is $150,000.00 - 185,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.
Additional Benefits
- Healthcare and Retirement Benefits
- Comprehensive medical, dental, and vision coverage
- 401(k) with a generous employer match and profit-sharing contribution
- Wellness incentive program
- Life and accidental death and dismemberment (AD&D) insurance
- Flexible spending programs
- Short-term and long-term disability plans
- Additional Benefit Programs
- Paid time off program
- Paid charitable leave
- Paid parental leave
- Tuition reimbursement program
- Personal insurance (auto/homeowners) discounts