Reinsurance Specialist - Program Business

Mercor; Sydney; Remote; AUD 134,000 - 182,000; Part time

Job summary

Mercor is seeking a Reinsurance & Program Business Specialist on a remote, hourly contract basis. The role requires 2+ years in reinsurance or related areas, with knowledge of treaty/facultative structures, MGAs, captives, and fronting. You will design scenarios, prepare contract analyses, and evaluate AI-generated responses for accuracy and market realism.

Immediate start with 20-40 hours per week, paid weekly via Stripe Connect. Prior CPCU or similar designations are preferred.

Qualifications

• 2+ years of professional experience in reinsurance, program business, delegated authority, fronting, captive insurance, or alternative risk transfer.
• Understanding of treaty reinsurance, facultative reinsurance, MGA/MGU programs, Lloyd's arrangements, captives, or fronted programs.
• Identifies economic and operational responsibilities of cedents, reinsurers, brokers, MGAs, fronting carriers, and insureds.
• Understands how contract structure changes risk transfer, earnings, collateral, claims handling, and reporting.
• Demonstrates written reasoning, commercial judgment, and high attention to detail.
• Can distinguish reinsurance decisions from direct underwriting and ordinary claim adjudication.

Responsibilities

• Design scenarios involving treaty and facultative reinsurance, attachment, exhaustion, and program governance.
• Create analyses and summaries like structure comparisons, submissions, and risk-transfer recommendations.
• Write polished responses at expert level for reinsurance and program-business quality.
• Grade AI outputs against rubrics for structural accuracy and market realism.
• Identify misunderstandings of layers, retentions, commissions, collateral, and carrier-MGA roles.
• Provide actionable feedback to the research team to improve model behavior.

Skills

Reinsurance

Program business

Delegated authority

Fronting

Captives

Alternative risk transfer

Written communication

Commercial judgment

Attention to detail

Education

CPCU

ARe

ARM

ACAS

FCAS

Job description

About the job

Mercor connects elite creative and technical talent with leading AI research labs. Headquartered in San Francisco, our investors include Benchmark, General Catalyst, Peter Thiel, Adam D'Angelo, Larry Summers, and Jack Dorsey.

Position: Reinsurance & Program Business Specialist
Type: Contract
Compensation: $80/hour
Location: Remote
Commitment: 20-40 hours/week

Role Responsibilities

• Design realistic scenarios involving treaty and facultative reinsurance, attachment and exhaustion, cessions, recoverables, bordereaux, delegated authority, program governance, fronting, captives, and risk participation.
• Create work products such as structure comparisons, submission analyses, contract summaries, program reviews, counterparty assessments, and risk-transfer recommendations.
• Write "golden" reference responses at experienced reinsurance and program-business quality.
• Grade AI-generated responses against structured rubrics for structural accuracy, contract logic, financial understanding, stakeholder roles, and market realism.
• Identify misunderstandings of layers, limits, retentions, commissions, claims control, collateral, counterparty exposure, and carrier-MGA responsibilities.
• Provide written feedback the research team uses to improve model behavior.

Qualifications

Must-Have

• 2+ years of professional experience in reinsurance, program business, delegated authority, fronting, captive insurance, or alternative risk transfer.
• Understand at least one of the following: treaty reinsurance, facultative reinsurance, MGA/MGU programs, Lloyd's arrangements, captives, or fronted programs.
• Can identify the economic and operational responsibilities of cedents, reinsurers, brokers, MGAs, fronting carriers, and insureds.
• Understand how contract structure changes risk transfer, earnings, collateral, claims handling, and reporting.
• Demonstrate excellent written reasoning, commercial judgment, and high attention to detail.
• Can distinguish reinsurance decisions from direct underwriting and ordinary claim adjudication.

Preferred

• CPCU, ARe, ARM, ACAS, FCAS, or comparable designation.
• Both ceded and assumed reinsurance experience.
• Reinsurance broking, treaty wording, recoverables, or claims experience.
• Program audit, delegated-authority, or bordereaux-management experience.
• Captive, large-deductible, retrospective-rating, or risk-sharing experience.

Start Date

• Immediately; applications reviewed on a rolling basis.

Compensation & Legal

• Hourly contractor, Paid weekly via Stripe Connect.