AVP, Ceded Reinsurance

Vantage Risk Companies; Chicago (IL); Hybrid; USD 130,000 - 190,000; Full time

Benefits offered by this job

Bonus program

Health benefits

Retirement plan

Flexible work environment

Paid time off

Job summary

Vantage Group Holdings Ltd. is seeking an AVP, Ceded Reinsurance to manage the execution of the company’s ceded reinsurance programs.

You will coordinate activities with internal and external stakeholders, ensure regulatory compliance, and maintain accurate records and timely reports. The ideal candidate will have 5–10 years of ceded reinsurance experience, strong knowledge of treaty and facultative reinsurance, and excellent stakeholder communication.

Qualifications

• Bachelor's degree in business, finance, or related field required.
• 5–10 years of ceded reinsurance operations experience preferred.
• Strong knowledge of treaty and facultative reinsurance, loss reserve calculations, and claims management.
• Excellent communication and interpersonal skills with the ability to build stakeholder relationships.
• Strong analytical and problem-solving skills with attention to detail and accuracy.
• Proficiency in Microsoft Office, especially Excel and PowerPoint.

Responsibilities

• Provide support to the Ceded team in managing the execution of the company’s ceded reinsurance programs, coordinating with stakeholders to ensure effective communication.
• Maintain deep knowledge of ceded reinsurance arrangements, including policy terms, provisions, and claims processes for pre- and post-placement activities.
• Develop strong relationships with reinsurance brokers, business units, finance, legal, and other stakeholders for efficient execution of ceded reinsurance transactions.
• Ensure all ceded activities comply with regulatory requirements and proper documentation/reporting.
• Collaborate with reinsurance brokers throughout the placement lifecycle, including submission, market strategy, terms negotiation, contract review, and binding.
• Provide timely and accurate reports on ceded reinsurance activities and communicate documentation to internal stakeholders.
• Continuously monitor and identify opportunities to improve ceded reinsurance processes.

Skills

Reinsurance concepts

Ceded reinsurance operations

Stakeholder management

Regulatory compliance

Analytical skills

Communication skills

Education

Bachelor's degree in business/finance or related field

CPCU/ARM/ARe or equivalent certification (preferred)

Tools

Excel

PowerPoint

Regulatory reporting tools

Job description

About the Company

Vantage Group Holdings Ltd. (Vantage) was established in late 2020 as a re/insurance partner designed for the future. Driven by relentless curiosity, our team of trusted experts provides a fresh perspective on our clients’ risks. We add creativity to tech-enabled efficiency and robust analytics to address risks others avoid. Vantage provides specialty re/insurance through its operating subsidiaries in Bermuda and the U.S.

Vantage has approximately 365 colleagues in both the United States and Bermuda. We have offices in Chicago, IL, Norwalk, CT, West Hartford, CT, Washington, DC, Boston, MA, New York, NY, Atlanta, GA and Hamilton, Bermuda. Additionally, we are a highly geographically diverse workforce with colleagues based in 35 states and counting. We fully support work flexibility including remote and hybrid work arrangements.

About the role

Vantage is seeking an AVP, Ceded Reinsurance to manage execution of the company's ceded reinsurance programs. Reporting to the VP, Ceded Reinsurance, you will coordinate ceded reinsurance activities with internal and external stakeholders, ensure compliance with regulatory requirements, maintain accurate and up to date records, and provide timely and accurate reports.

You will maintain a deep understanding of the company's ceded reinsurance arrangements, including policy terms, contract provisions, and claims processes, and build strong working relationships with business units, finance, legal, and reinsurance brokers to keep ceded reinsurance transactions running smoothly.

The base salary range for this position is $130,000 to $190,000. Actual base salary for the selected candidate will be commensurate with experience and expectations. Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plan, competitive time off plans, a highly flexible work environment, and much more.

Responsibilities & Accountabilities

• Provide support to Ceded team’s management of the execution of the company's ceded reinsurance programs, including coordination with internal and external stakeholders to ensure effective communication and collaboration.


• Maintain a deep understanding of the company's ceded reinsurance arrangements, including policy terms, contract provisions, and claims processes for pre-placement and post-placement activities.


• Develop strong relationships with reinsurance brokers, business units, finance, legal, and other stakeholders to ensure effective and efficient execution of ceded reinsurance transactions.


• Ensure that all ceded reinsurance activities follow regulatory requirements, including maintaining appropriate documentation and reporting as necessary.


• Partner directly with reinsurance brokers throughout the placement lifecycle, including submission preparation, market strategy, terms negotiation, contract wording review, and binding.


• Provide timely and accurate reports on the company's ceded reinsurance activities and status, including the creation and communication of placement documentation to all relevant internal stakeholders.


• Continuously monitor and analyze the company's ceded reinsurance processes, identifying opportunities for improvement.

Ideal Candidate Profile

• Bachelor's degree in business, finance, or a related field, or equivalent professional experience preferred.


• Minimum of 5 to 10 years of experience in ceded reinsurance operations, preferably in a property and casualty insurance environment.


• Strong knowledge of reinsurance concepts and practices, including treaty and facultative reinsurance, loss reserve calculations, and claims management.


• Excellent communication and interpersonal skills, with a proven ability to build and maintain relationships with internal and external stakeholders.


• Strong analytical and problem-solving skills, with a focus on attention to detail and accuracy.


• Proficiency in Microsoft Office applications, particularly Excel and PowerPoint.


• Ability to work independently and as part of a team, managing multiple priorities and deadlines effectively.


• Professional designation such as CPCU, ARM, or ARe preferred, but not required.

Our Vantage Values

Do What’s Right

be a force for good, for our customers, shareholders, colleagues, industry and communities.

Be Relentlessly Curious

ask questions, listen to understand, challenge the status quo, look for ways to say YES, drive innovation, be opportunistic and disciplined.

We’re Better Together

collaborate, be inclusive, supportive, respectful and humble, be a trusted partner internally and externally.

Be Transparent

in who you are, what you think, and how you work, seek and provide alternative points of view, be true to yourself.

Make A Difference

focus on impact, embrace technology, leverage data and analytics as critical assets, act intentionally to deliver on our mission.