Ceded Reinsurance Manager

At PALMS Insurance, a NextEra Energy company, we specialize in offering customized insurance solutions that address the unique needs of our clients. Our commitment to excellence, reliability, and customer satisfaction sets us apart as a trusted provider in the insurance industry. Are you ready to make a meaningful difference? Become a part of our team today. 
 

Position Specific Description

The Ceded Reinsurance Manager position is responsible for the execution and servicing of treaty placements within the Palms Ceded Reinsurance department. This role reports to the Head of Ceded Reinsurance and supports the Palms underwriting team servicing MGA business operations in the United States, as well as Palms’ captive entity supporting the NextEra property portfolio. Experience with either insurance startups and/or operating within a small team is desirable for this position.

Responsibilities

• With oversight from the Head of Ceded Reinsurance, work with Underwriting, Actuarial, Claims, Legal, Operations, and brokers to manage all aspects of assigned reinsurance treaty placements including:
  •    Oversight/coordination of treaty submissions.
  •    Advise Palms senior management on recommended treaty terms.
  •    Negotiation of contract wording and the execution of contracts.
  •    Post placement servicing of reinsurance treaties, including maintaining records of all treaty related documents, communications, data files.
  •    Evaluate risk transfer compliance and ensure appropriate controls are followed.
  •    Coordinate with Underwriting Services and Operations teams on the implementation of treaty reinsurance into Palms systems
• Serve as subject matter expert and point of contact for Palms Finance as it relates to the processing and servicing of reinsurance contracts
• Reinsurance underwriting and claims audit coordination.
• Maintain contact with existing and potential reinsurance markets for marketing and program updates.
• Meet with reinsurance brokers to discuss business development .
• Stay current with industry trends and events, and communicate to senior management.

The ideal candidate will have the following requirements:

•    2-5 years of reinsurance experience, 
•    Strong understanding of underwriting, actuarial, and claims processes.
•    Reinsurance contract wording experience
•    Experience working across functional areas (Operations, Claims, Finance)
•    Bachelors degree (Business, Finance, Economics, Insurance, or related field preferred).

NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here to learn more.

Employee Group:  Exempt
Employee Type:  Full Time
Job Category:  Finance, Accounting & Business Analytics
Organization:  Palms Management Services, LLC 
Relocation Provided:  Yes, if applicable

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. 

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