Head of Healthcare Reinsurance
| Company | Axis Capital |
|---|---|
| Location | Shrewsbury, NJ, USA, Chicago, IL, USA, Alpharetta, GA, USA, Princeton, NJ, USA, New York, NY, USA, Phoenix, AZ, USA |
| Salary | $300000 – $375000 |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Bachelor’s degree in business, Finance, Insurance, or a related field
- At least 15 years of experience in reinsurance underwriting, with a focus on the US health care market.
- A well-established network of industry contacts and a history of successful relationship management.
- Strong analytical skills and the ability to make sound decisions based on complex risk assessments.
- Proven leadership abilities, with experience managing and developing high-performing teams.
- Deep understanding of reinsurance principles, practices, and regulatory requirements.
- Proficiency in underwriting software, tools, and Microsoft Office Suite.
Responsibilities
- Lead a small team of skilled underwriters, providing guidance, mentorship, and fostering a collaborative environment.
- Develop and implement strategic underwriting plans to meet business goals and ensure profitability.
- Promote a culture of continuous improvement, encouraging professional development and high performance.
- Oversee the underwriting process for health care reinsurance contracts, ensuring thorough risk assessment and accurate pricing.
- Evaluate complex reinsurance proposals, making informed decisions to balance risk and reward.
- Continuously monitor the performance of the reinsurance portfolio, identifying areas for optimization and growth.
- Cultivate and maintain strong relationships with clients, brokers, and key stakeholders in the US health care reinsurance market.
- Negotiate reinsurance contract terms and conditions, striving for agreements that benefit all parties.
- Represent the company at industry events, enhancing the company’s visibility and expanding the professional network.
- Stay informed about market trends, regulatory changes, and emerging risks within the US health care sector.
- Conduct comprehensive market research to identify new business opportunities and competitive advantages.
- Develop and execute strategic initiatives to increase the company’s market share and presence in the US.
- Manage the financial performance of the reinsurance portfolio, including budgeting, forecasting, and financial reporting.
- Ensure the portfolio’s profitability through effective risk management and pricing strategies.
- Collaborate with finance and actuarial teams to analyze financial data and support strategic decision-making.
Preferred Qualifications
- Advanced college degree
- Actuarial designation such as Fellow of the Society of Actuaries (FSA), or Associate of the Society of Actuaries (ASA) is beneficial but are not mandatory.
- While the focus is on the US market, experience with international healthcare reinsurance markets can provide additional insights and strategies.
- Familiarity with advanced data analytics tools and software can enhance underwriting precision and efficiency.
- Understanding the impact of emerging technologies like artificial intelligence on the reinsurance industry can be a plus.
- Experience in related fields such as health care administration can provide a broader perspective on risk assessment.