Vice President of Fronted Programs

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Assist in management of Fronted Casualty portfolio and supporting reinsurance including; oversight of existing reinsurance placements, reinsurance contract negotiation/ drafting, counterparty credit risk management (including collateral management) and business development.

Key Accountabilities:


* Collaborate with Reinsurance Accounting team on reinsurance reporting process to ensure timely and accurate reporting (this includes internal financial reporting and external reinsurance statement production/ dissemination)


* Review the calculation of all reinsurance premiums and losses for all contract types (Quota Share, XOL, and Catastrophe)


* Assist business and Legal in reinsurance negotiations and drafting of all contracts supporting Fronted Casualty programs


* Monitor counterparty credit risk; assess counterparty collateral sufficiency on a quarterly-basis


* Maintain/ update various spreadsheets used to model/ track collateral, fronting fees, and other key business metrics


* Monitor performance of public and private competitors via SEC and NAIC filings, as well as various industry trade publications


* Assist in business development by sourcing fronting opportunities from MGAs, brokers, reinsurers and other industry participants


* In addition to key responsibilities, you may be required to undertake other duties from time to time as the company may reasonably require

Experience:


* Bachelor degree in Accounting/Finance/Business


* 5+ years of reinsurance broking and/ or outwards reinsurance purchasing/ reinsurance underwriting required


* Detailed knowledge of reinsurance contract language and mechanics (including contracts with collateralized reinsurers)

Salary Range:

The expected salary for this position is $150k - $200k per year.

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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement.  We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program