Full-Time

Head of Reinsurance

Posted on 8/14/2024

Porch Group

Porch Group

501-1,000 employees

Home services marketplace connecting homeowners with professionals

Consumer Software
Consumer Goods

Compensation Overview

$157.5k - $220.5kAnnually

+ Long-term incentive awards + Annual bonus

Senior, Expert

Remote in USA

Porch Group does not consider applicants from Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, Montana, New Hampshire, and West Virginia for remote positions.

Category
Insurance
Finance & Banking
Requirements
  • 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.
Responsibilities
  • 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.

Porch.com connects homeowners with a variety of home improvement and maintenance professionals through its online platform. Users can find and compare quotes for over 1,100 types of projects, including handyman services, plumbing, electrical work, and more. The platform allows homeowners to easily access top-rated local experts for both minor repairs and major renovations. Porch generates revenue by charging professionals for listings and leads, offering premium tools for business management, and partnering with brands and insurance providers. A key feature that sets Porch apart is the Porch Guarantee, which includes the Porch Property Protection program, ensuring client satisfaction with the work performed. Additionally, Porch provides resources and guides to help homeowners plan their projects effectively.

Company Stage

IPO

Total Funding

$116.6M

Headquarters

Seattle, Washington

Founded

2013

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic partnerships, like with Aon, provide financial inflows and service expansion.
  • AI integration enhances customer experience and operational efficiency in home services.
  • Remote work trends boost demand for Porch's online on-demand home services.

What critics are saying

  • High competition from Amazon and Angi may erode Porch Group's market share.
  • Rapid startup growth could lead to market saturation, challenging Porch's competitive edge.
  • Over-reliance on Aon partnership poses risks if partnership dynamics change.

What makes Porch Group unique

  • Porch Group offers a unique Porch Guarantee for client satisfaction and protection.
  • The company provides a comprehensive marketplace for over 1,100 home service projects.
  • Porch Group's MovingPlace marketplace simplifies the moving process for consumers.

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