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)
EFG Companies is a well-established underwriter and administrator of a broad array of proprietary consumer protection products, generally multi-year insurance or warranty-like products covering repairs to vehicles and home systems.
Job Summary of the Senior Director of Reinsurance
Reporting to the company’s Chief Financial Officer, the Senior Director of Reinsurance position provides broad-based business oversight and leadership related to the company’s various Accounting and Reinsurance activities. In general, “Reinsurance activities” refers to those activities associated with establishing, funding, and managing the activities related to our clients’ various underwriting profit participation positions.
This position will have direct communication with internal business unit leaders and will interface regularly with the company’s external clients and automotive dealers related to profit participation performance and programs.
Compensation: Annual base salary of $200,000.00 with a 20% annual discretionary bonus. Bonus is based upon delivery of agreed upon performance goals, as well as timeliness and accuracy of departmental product.
Will consider remote candidates in Central or Eastern time zones; remote candidates should be available to travel to Dallas, TX for one week per month, or as needed.
Job Responsibilities of the Senior Director of Reinsurance
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