Openly is rebuilding insurance from the ground up, and we're seeking a Director, Ceded Reinsurance to help lead our day-to-day ceded reinsurance operations. This role will critically contribute to improving spend efficiency, reducing EBIT volatility, and protecting risk capital. The ideal candidate will have strong technical reinsurance experience, interpersonal skills, market relationships, and innovative thinking.
Requirements
- 10+ years of related experience
- Bachelor’s degree in finance or another quantitative field. MBA preferred
- Deep technical experience in property and CAT reinsurance structuring
- Strong analytical and problem-solving skills and the ability to think strategically through challenging questions
- Frequent travel (US domestic travel & International travel to London, Bermuda, Cayman, Germany, etc.) is required
- Experience in networking with reinsurers, negotiating and placing reinsurance programs
- Familiarity with Cat modeling outputs (Verisk Touchstone & RMS RiskLink) and vendor model parameter risk is required
- Experience with unauthorized and/or unrated reinsurance requirements is highly desirable
- Ability to manage reinsurance brokerage relationships effectively and has a strong reinsurance negotiation experience
- Strong interpersonal communication skills with the ability to synthesize complex and nuanced concepts to technical and non-technical audiences
- Ability to fit into a unique culture that is highly nimble, adaptable, execution oriented and resilient
- Excels in a fast-paced, demanding environment; able to manage multiple tasks and juggle several time-sensitive demands, while adapting to changing priorities
- Able to create and deliver effective presentations to both external and internal audiences.
Benefits
- Competitive Salary & Equity
- Comprehensive Medical, Dental, and Vision Plan Offerings
- Life and disability coverage including voluntary options
- Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements
- 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute.
- Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
- Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually
- Be Well Program - Employees receive $50 per month to use towards your overall well-being
- Paid Volunteer Service Hours
- Referral Program and Reward
