Reinsurance Director jobs in Rhode Island

Reinsurance Director is responsible for the administration of reinsurance plans. Maintains plan records and ensures compliance with federal regulations. Being a Reinsurance Director communicates with customers and assists with plan design and distribution when necessary. Ensures timely accounting, reporting and auditing. Additionally, Reinsurance Director researches and analyzes reinsurance prices and specifications. Communicates with underwriting area to verify the proper reinsurance administration is put in place. Supports the investigation of proposed reinsurance opportunities, rate comparisons, and profitability analysis. May have responsibility for reinsurance customer service. Has attained industry designations. Requires a bachelor's degree. Typically reports to top management. The Reinsurance Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Reinsurance Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)

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Senior Underwriting Specialist (Reinsurance)
  • ClickJobs.io
  • Pawtucket, RI FULL_TIME
  • FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in over 100 countries, in many challenging roles.

    Candidate will support the development of the organization’s optimal reinsurance solutions as we evolve and embark on new strategic underwriting growth initiatives and opportunities. This will require the consideration of both traditional and alternative reinsurance structures, traditional and alternative reinsurers like insurance-lined securities, investors, and our own capital/surplus when recommending the optimal solution.

    • Financial background capable of preparing budget projections for all ceded re costs each year and managing collateralization requirements, including commutation, rollover and strategic deployment of capital.
    • Excel-based modeling for strategic uses of capital
    • Firm understanding of FM Global’s business model and line underwriting.
    • Proficient in reinsurance products, with an understanding of market trends and practices that could help optimize the organizations reinsurance strategy
    • Lead the development of new reinsurance products and the day-to-day maintenance of those created reinsurance products.
    • Experience in developing and reviewing contractual language, terms and conditions of reinsurance contracts
    • Participate in underwriting audits performed in Operations offices, as well conduct periodic audits of specific reinsurance areas of the Company's book
    • Represent Natural Hazards UW, where a light touch/assistance is necessary
    • Minimum Education: 4 year college degree/bachelors
    • Preferred Education: MBA/graduate degree
    • Experience: 10 years in insurance/reinsurance whether from a financial or underwriting discipline

    The hiring range for this position dependent on final grade and title is $126,800 to $182,300 USD. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

    FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

    #FMG
  • 6 Days Ago

C
Senior Underwriting Specialist (Reinsurance)
  • ClickJobs.io
  • Lincoln, RI FULL_TIME
  • FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance so...
  • 6 Days Ago

F
Senior Underwriting Specialist (Reinsurance)
  • Factory Mutual Insurance Company
  • Johnston, RI FULL_TIME
  • Overview FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property ins...
  • 1 Month Ago

C
Senior Underwriting Specialist (Reinsurance)
  • ClickJobs.io
  • Slocum, RI FULL_TIME
  • FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance so...
  • 11 Days Ago

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Director
  • Rhode Island College
  • Providence, RI FULL_TIME
  • The Rhode Island College Center for Health and Wellness provide confidential, holistic primary health care, counseling and mentorship through case management to enhance the academic potential for all ...
  • 3 Days Ago

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Director
  • Dreamland Learning Center
  • Johnston, RI FULL_TIME
  • Full-TimeAbout The JobDreamland Learning Center is looking for a reliable and friendly qualified Director (WILL TRAIN FOR THE POSITION) located at 1253 Hartford Ave, Pawtucket RI. Full-time and part-t...
  • 8 Days Ago

Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, and it has the longest official name of any state. Rhode Island is bordered by Connecticut to the west, Massachusetts to the north and east, and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. It also shares a small maritime border with New York. Providence is the state capital and most populous city in Rhode Is...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Reinsurance Director jobs
$121,787 to $174,992

Reinsurance Director in Corpus Christi, TX
The designation is recommended for reinsurers, claims adjusters, policy underwriters, and financial professionals that may work with reinsurance treaties.
February 12, 2020
Reinsurance Director in New Bedford, MA
In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires.
December 12, 2019
Reinsurance Director in Brockton, MA
There comes a point that insurance companies and risk pools need to purchase their own insurance—this is called reinsurance.
December 20, 2019