Principal Reinsurance Placement Consultant

AFMIC American Family Mutual Insurance Company, S.I.; Madison (WI); Hybrid; USD 131,000 - 220,000; Full time

Benefits offered by this job

Medical benefits

401(k) plan

Pension plan

Annual incentive

Paid holidays

Paid time off

Student loan reimbursement

Paid family leave

Job summary

American Family Insurance Group seeks a senior leader to execute complex ceded reinsurance placements across the enterprise. You will work with business and product leaders, brokers, reinsurers, actuarial, catastrophe modeling, finance and other stakeholders to craft underwriting submissions and assess transfer strategies.

You will analyze exposure, premium and loss data, evaluate catastrophe modeling results, and recommend reinsurance structures and terms.

Qualifications

• Extensive knowledge of property and casualty reinsurance and treaty structures.
• Strong ability to analyze exposure, premium, loss data and pricing terms.
• Experience presenting complex reinsurance findings to senior leaders.
• Proven track record leading large, cross-functional reinsurance projects.

Responsibilities

• Lead end-to-end ceded reinsurance placements (treaty and facultative).
• Coordinate data collection, validation, reconciliation, and analysis for submissions.
• Develop comprehensive underwriting submissions communicating portfolio characteristics and strategy.
• Evaluate alternative structures, risk transfer terms, and pricing with brokers/reinsurers.
• Mentor team members and provide guidance on placement analytics and market considerations.

Skills

Reinsurance expertise

Stakeholder management

Financial analysis

Negotiation skills

Leadership

Job description

Lead the execution of complex ceded reinsurance placements across the enterprise. Partner with business and product leaders, brokers, reinsurers, actuarial, catastrophe modeling, finance, and other internal stakeholders to develop comprehensive underwriting submissions, evaluate reinsurance alternatives, and support effective risk transfer decisions. Lead the collection, validation, reconciliation, and analysis of exposure, premium, loss, and other underwriting data used in the reinsurance placement process. Perform advanced exposure and experience analyses, evaluates catastrophe modeling results, and assesses alternative reinsurance structures and terms. Serve as a primary point of contact with reinsurance brokers and reinsurers throughout the placement process and provide technical expertise regarding reinsurance structures, pricing, contract terms, and risk transfer considerations. Act as a senior subject matter expert within Ceded Reinsurance and provides recommendations to the Director of Ceded Reinsurance regarding placement strategy, structure, and execution. You will report to the director, ceded reinsurance operations. This is a primarily home position. However, if candidates reside within 35-50 miles of one of our core office locations (Madison, WI; Boston, MA; Hopkins, MN; Phoenix, AZ; Keene, NH; St Joseph, MO or Denver, CO), this would be a hybrid position. Position Compensation Range: $131,000.00 - $220,000.00 Pay Rate Type: Salary Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Primary Accountabilities

Lead the end-to-end execution of complex ceded reinsurance placements, including treaty and facultative placements, in accordance with enterprise risk transfer objectives. Lead the collection, validation, testing, and reconciliation of underwriting submission data, working across business units to identify the exposure, premium, loss, rate, underwriting, and other information most relevant to the reinsurance market. Develop and coordinate comprehensive reinsurance underwriting submissions that effectively communicate portfolio characteristics, underwriting strategy, risk management actions, historical performance, and other information relevant to reinsurers. Perform advanced analysis supporting reinsurance purchasing decisions, including exposure and experience analyses, historical loss evaluations, catastrophe model output analysis, and assessment of alternative reinsurance structures. Partner with catastrophe modeling, actuarial, finance, underwriting, and business teams to evaluate portfolio risk and translate complex analytical information into actionable reinsurance placement recommendations. Work directly with reinsurance brokers and reinsurers throughout the placement process, including submission development, market discussions, data requests, structuring alternatives, quote evaluation, and placement execution. Analyze reinsurance proposals, pricing, terms, conditions, and structural alternatives and develops recommendations for consideration by Ceded Reinsurance leadership. Support the development and evaluation of enterprise reinsurance strategy, including analysis of attachment points, limits, retentions, participation levels, and other structural considerations. Maintain a strong understanding of reinsurance contract terms and structures to ensure proposed placements align with intended risk transfer objectives and can be effectively administered following placement. Lead and coordinate reinsurer underwriting reviews and related market presentations, working with internal stakeholders to ensure accurate and effective communication of the company's risk profile and underwriting strategy. Manage complex cross-functional initiatives related to reinsurance placements, coordinating stakeholders across multiple business areas and ensuring placement deliverables and critical milestones are achieved. Serve as a senior reinsurance subject matter expert, providing technical guidance to business partners and Ceded Reinsurance team members on reinsurance structures, placement processes, analytics, and market considerations. Identify opportunities to improve placement analytics, data quality, processes, and market communication in support of more effective and competitive reinsurance outcomes. Perform other duties as assigned.

Specialized Knowledge & Skills Requirements

Demonstrated experience providing customer-driven solutions, support or service. Demonstrated experience analyzing complex financial statements, hazards, coverage, losses, pricing terms, and competitive positions. Demonstrated experience communicating and presenting complex global treaty findings and recommendations to internal and external contacts. Demonstrated experience managing and leading large, complex projects. Demonstrated experience working with reinsurance brokers and ceding insurance companies to successfully create new reinsurance business opportunities. Demonstrated reinsurance experience underwriting new business, retention and other goals. Extensive knowledge and understanding of the global reinsurance industry, its market, regulatory constraints, judicial climate, and consumer activism. Extensive knowledge and understanding of advanced financial and statistical analysis techniques including actuarial techniques.

Additional Specialized Knowledge & Skills

Extensive knowledge of property and casualty insurance and ceded reinsurance, including treaty and facultative reinsurance structures. Strong understanding of reinsurance placement processes, underwriting submissions, contract structures, and reinsurance market practices. Advanced analytical capabilities, including experience evaluating exposure data, premium and loss experience, catastrophe model output, and reinsurance pricing and structures. Demonstrated ability to synthesize complex quantitative and qualitative information and develop clear, actionable recommendations. Demonstrated ability to manage relationships and communicate effectively with reinsurance brokers, reinsurers, senior business leaders, and technical subject matter experts. Strong understanding of insurance profitability, underwriting, exposure management, catastrophe risk, and enterprise risk management concepts. Strong written and verbal communication skills, including the ability to develop and present complex reinsurance information to both technical and executive audiences. Demonstrated ability to exercise a high degree of independent judgment, technical expertise, and professional discretion. Ability to provide technical guidance and mentorship to other Ceded Reinsurance team members.

Additional Information

To ensure a strong start, all employees participate in our New Employee Orientation during their first week. This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth. At times, sessions may be delivered virtually based on scheduling and availability.

Offer to selected candidate will be made contingent on the results of applicable background checks

Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions

Sponsorship will not be considered for this position unless specified in the posting

Benefits supported:

• comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health.
• We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees).
• In addition, our student loan repayment program and paid-family leave are available to support our employees and their families.
• Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. American Family Insurance is committed to the full inclusion of all qualified individuals.

If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email [e-mail] to request a reasonable accommodation.

American Family Insurance, based in Madison, Wis., has been serving customers since 1927. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investments and creative partnerships. American Family Insurance is the nation’s 12th-largest property/casualty insurance company, ranking No. 202 on the Fortune 500 list. American Family has a current ‘a+’ credit rating through AM Best, and has distinction as a “Standing the Test of Time” company, which is represented by having an AM Best financial strength rating of ‘A’ or better for at least 75 years. The company offers American Family-brand products through a network of exclusive agency owners as well as nationwide through key strategic partnerships. American Family Insurance also includes Homesite and Main Street America Insurance. The company has approximately 10,500 employees nationwide.