Job Title:  Head of Reinsurance

Location: United States

Workplace: Remote

Job Summary:

The ideal candidate will be responsible for working with both internal and external colleagues in managing the reinsurance renewal process, analyzing and optimizing reinsurance structures, reviewing contracts, and monitoring the reinsurance program during the treaty year.  This role requires a deep understanding of reinsurance principals and strong strategic planning skills. 

What you will do as a Head of Reinsurance

• Drive the development of treaty structure design, ensuring appropriate cost and effective coverage.
• Own the negotiation of treaty coverage including reinsurance contracts and pricing
• Maintains exceptional broker and reinsurer relationships
• Oversee policies related to risk evaluation of exposures and pricing structures. 
• Prepares reinsurance proposals for approval from Porch leadership which could include the Board of Directors.
• Responsible for reinsurance related policies including Collateral and Credit Verification and Collateral Release policies.
• Monitors treaty loss activity and determines appropriate actions/notifications.
• Directs reinsurance audits.
• Provides technical guidance, assistance, and training.
• Ability to detail complex reinsurance concepts to all levels of the organization including C suite.
• Performs other duties as assigned.
• Collaborates closely with Finance and Accounting.
• Occasional travel to Dallas Ft Worth area

What you will bring as a Head of Reinsurance

• Bachelor’s degree is preferably in business, accounting, or related field of study; an MBA is preferred.
• Associate of Reinsurance (Are) preferred.
• 15+ years of Insurance experience with a proven track record of successful reinsurance experience.
• Requires significant knowledge of reinsurance guidelines and procedures.
• Effective verbal and written communication skills with the ability to effectively interact with internal and external business partners, including the ability to present complex ideas clearly to senior executives and stakeholders.
• Detail-oriented with strong analytical and organizational skills with the ability to prioritize and manage multiple activities and projects effectively.
• Deep understanding of reinsurance, including trends, regulations and competitive landscape.

What You Will Get As A Porch Group Team Member

Pay Range*: $157,500.00 - $220,500.00 annually

*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets, job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.  

The application window for this position is anticipated to close in 2 weeks (10 business days) from August 13, 2024. Please know this may change based on business and interviewing needs.  

At this time, Porch Group does not consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, Montana, New Hampshire, and West Virginia.

Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals. 
 
You will also be eligible to receive an annual bonus based on individual and company performance, subject to program guidelines and approvals. 
 
Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.  

• Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.
• Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.
• We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.
• We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.
• Both traditional and Roth 401(k) plans are available with a discretionary employer match.
• Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.
• Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.
• LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.
• Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.

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