Reinsurance Specialist

Posted 17 Hours Ago
Be an Early Applicant
Richfield, OH
7+ Years Experience
Insurance
The Role
The Reinsurance Specialist assists in developing treaty structures, communicating with brokers, managing reinsurance contracts, monitoring treaty loss activity, and coordinating audits. This role may involve mentoring lower-level staff and participating in performance management decisions.
Summary Generated by Built In

National Interstate is a member of Great American Insurance Group. As one of the leading commercial transportation insurers in the nation, we offer risk financing solutions in all 50 states tailored to meet the needs of a wide variety of transportation classes. Our offerings include traditional insurance and innovative alternative risk transfer (ART) programs, including more than a dozen group captive programs catering to niche wheels markets. We are proud to be a multiple Northcoast 99 winner and Cleveland Plain Dealer Top Workplace in Northeast Ohio. It is because of our talented and dedicated team that we are able to live out our company values of integrity, transparency, fairness, accountability, empowerment and collaboration with each transaction we make. If you are ready to join an engaging and driven team such as ours, we would love to hear from you!

Essential Job Functions and Responsibilities

  • Assists in the development of treaty structure design, ensuring appropriate cost and effective coverage.
  • Communicates with broker and handles direct reinsurance activity.
  • Assists with setting contract wording standards. Administers reinsurance contracts and prepares reinsurance proposals.
  • Monitors treaty loss activity and determines appropriate actions/notifications.
  • Coordinates reinsurance audits.
  • Provides technical advice to lower level positions and other functional areas.
  • May lead the work of others (mentors, prioritizes, delegates, and reviews assignments).
  • May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
  • Performs other duties as assigned.

Job RequirementsEducation: Bachelor's degree or equivalent.Field of Study: Business, Accounting or related discipline.Experience: Generally, 8 to 10 years of related experience. Associate in Reinsurance Program (ARE) preferred. Requires significant knowledge of reinsurance guidelines and procedures.

Company:

NIC National Interstate Corporation

Benefits:

We offer competitive healthcare, retirement, and paid time off benefits for full-time and part-time benefit eligible employees.

The Company
HQ: Cincinnati, OH
4,738 Employees
On-site Workplace

What We Do

Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. We have more than 30 specialty property and casualty insurance businesses, and in 2021, approximately 50% of our gross written premium in our property and casualty operations was generated by business units with a Top 10 market ranking.

Great American Insurance Company has received an "A"​ (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of "A+"​ (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

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