Description

JOB DESCRIPTION

SVP, Reinsurance Services

This high profile management position is responsible for all post-placement functions related to both treaty and facultative ceded reinsurance including reinsurance contract administration, cash management and accounting, billing and collections, insolvency filings and collateral administration. This key executive will provide leadership to an organization of more than seventy people, directly manages four VP level staff, and will report to the Chief Reinsurance Officer for the Chubb Group.

Key Responsibilities

The SVP, Reinsurance Services will be responsible for:

• Effectively and efficiently administers the ceded reinsurance business of Chubb North America.
• Accurately recording contract terms in the reinsurance system set-up for approximately 100 reinsurance programs and a significant number of facultative certificates (~4,500 per year).
• Billing and collecting over $3B from reinsurers annually.
• Applying cash received accurately and timely.
• Overseeing the payment of ceded premium to reinsurers.
• Managing collateral, including a no less than annual review of the adequacy and quality of the collateral held and requesting and securing additional collateral as needed.
• Identifying and executing on opportunities for efficiencies through process improvement, off shoring and enhancements to systems.
• Production of appropriate management and financial reports.
• Leading or participating in enterprise projects as needed.
• Supporting reinsurance placements, including providing timely and accurate historical treaty experience.
• Providing leadership to the department, including ensuring training and opportunities are provided to the staff to maintain high level of performance.
• Ensuring the department adheres to all statutory and Chubb requirements related to reinsurance administration.
• Continually improving the people, process and performance of the unit.

Requisition #: 28974

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