Director of Ceded Reinsurance

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee the reinsurance strategy, placement, and administration at Stonehaven Specialty Insurance Company.

• Create preferred treaty language that encompasses security, downgrade, offset, insolvency, and dispute-resolution provisions.

• Organize and execute quota-share, sliding-scale and profit commission, excess-of-loss, facultative, and whole-account reinsurance placements.

• Assess reinsurance associated with programs and secure independent approval for reinsurers and collateral providers from the Director of Credit & Collateral Risk.

• Conduct risk-transfer evaluations with Actuarial and Finance to maintain statutory credit and safeguard Schedule F.

• Identify unceded risks, including tail liabilities above treaty caps and exposures outside treaty stipulations.

• Manage cession operations, align cessions with financial records, and fulfill treaty reporting and notification obligations.

• Oversee reinsurance recoverables alongside Finance and Claims, including cash calls on significant losses, and address disputes.

• Ensure that reinsurance is secured prior to programs quoting business; plan for renewals, commutations, and runoff scenarios.

• Develop a searchable treaty contract management system in collaboration with Technology.

• Assist the Reinsurance Security Committee and cultivate relationships with reinsurers, captives, and reinsurance intermediaries.

• Report directly to the Chief Risk Officer and work in conjunction with Actuarial, Finance, Claims, and program teams.

⛳️ Requirements

• A minimum of 10 years of experience in P&C reinsurance with a carrier, fronting carrier, reinsurer, or reinsurance intermediary, including treaty structuring and placement.

• Proven experience in drafting and negotiating treaty language, including security, offset, insolvency, and dispute-resolution clauses.

• Familiarity with statutory reinsurance accounting, risk-transfer evaluations, and Schedule F.

• Experience in managing cessions and collecting recoverables, particularly relating to large-loss cash calls.

• Previous experience at a fronting, hybrid fronting, or program carrier where reinsurance is typically integrated with the program.

• Knowledge of captive, ILS, or other forms of collateralized reinsurance capacity.

• Holds a professional designation such as ARe or CPCU.

• Experience working with reinsurance administration or contract management systems.

• Must have authorization to work in the United States without requiring current or future employer-sponsored work authorization.

🏝️ Benefits

• Full remote flexibility and an asynchronous work culture.

• Unlimited paid time off (PTO) and fully paid sick leave.

• Comprehensive health benefits, including medical, dental, and vision coverage, along with HSA and FSA options.

• 401(k) plan.

• Company-provided life insurance.

• Disability coverage.

• Equity incentive program.