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Job Title: Assistant Vice President, Risk Management
Location: Sarasota, Florida
SUMMARY:
The AVP, Risk Management provides oversight and direction to the Risk Management department of Universal North America, as well as being an active member of the executive leadership team for the company. The primary responsibilities of this position include reinsurance placement and analysis, catastrophe modeling, capacity allocation and aggregate management, data quality and statistics and catastrophe rate adequacy.
Essential Duties and Responsibilities (additional functions may be assigned as business conditions change):
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Supervise risk management team, review weekly work, prioritize workload and project management, and provide direction to team members.
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Communicates frequently with reinsurance broker in conducting management of overall reinsurance program, including reinsurer requests, reinsurance budget and allocation calculations, and attends reinsurance meetings.
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Monitor capacity allocation and aggregates in conjunction with catastrophe risk appetite.
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Oversee day-to-day catastrophe modeling as well as incorporation of catastrophe modeling into rate filings.
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Provides information to be used in overall company annual budget, PML projections, etc. to finance department on an ongoing basis.
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Provides Inforce data to internal and external parties as well as miscellaneous data requests as required.
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Assist in completion of A.M. Best and S&P (and other regulatory or rating agencies) requests and data calls.
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Provides required reporting as necessary based upon individual state requirements that Universal North America works with.
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Perform other duties as required.
Education and/or Experience:
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Bachelor’s degree in Mathematics or insurance- related discipline, with a combination of actual career experience within the property and casualty risk management field.
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A minimum of 3-5 years management/leadership experience within risk management for a property and casualty insurer.
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Excellent proficiency with Microsoft Office programs, to include Excel, Word, and Outlook.
Leadership abilities, self-motivation and accountability with the ability to work both independently and with teams.
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Outstanding public speaking, presentation and oral / written communication skills required.
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Mathematics and analytic skills; close familiarity and proven past use with catastrophe modeling applications and reinsurance structures.
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High level of proficiency with Catastrophe Modeling software applications and general property and casualty insurance knowledge.
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Must possess a positive attitude and strong work ethic.
Licenses and Certifications:
Supplemental Information:
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This description has been prepared to indicate the general nature and level of the work that the employee performs within their classification.
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This description is not and cannot be interpreted as an inventory of all the duties, tasks, responsibilities and qualifications required for the employees assigned to this job.
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This position has significant impact within the Universal North America company and with reinsurers. This position takes on some support roles for colleagues and other departments as well as having direct contact with external reinsurers and brokers, which is important to the overall reputation of the organization.
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This position does contain autonomy with respect to internal department decisions and empowerment to become involved in company-wide decisions. Reinsurance decisions are often made within a committee, with this position making the primary recommendations for the committee.
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