Overview:
If you're looking for the stability of a profitable, growing company with the agility of a startup, we’re hiring! SageSure, a leading Managing General Underwriter (MGU) specializing in catastrophe-exposed property insurance, is seeking a Senior Manager, Ceded Reinsurance to play a critical role in our reinsurance strategy.
Reporting to the Director of Ceded Reinsurance, this high-impact role partners closely with SageSure’s CEO and our senior executive team to support our Carrier Partners in their reinsurance placement strategy. SageSure will support its Carrier Partners in placing over $4.5 billion in reinsurance limit across all placements this year — a figure that continues to grow — providing a unique opportunity to shape both SageSure’s and our Carrier Partners’ long-term risk management strategy.
The ideal candidate has a strong background in P&C reinsurance, with experience in reinsurance buying, broking, or underwriting. They are a highly motivated, detail-oriented leader who thrives in fast-paced, high-stakes environments. Strong organizational skills, analytical acumen, and strategic thinking are essential to succeed in this high-exposure position.
What you’d be doing:
- Support the Ceded Reinsurance team in planning, coordinating, and executing key strategic initiatives across areas like reinsurance programs, risk analysis, contracting, financial reporting, regulatory compliance, and strategic planning.
- Lead and manage cross-functional projects between leadership, carriers, and reinsurance brokers in the design, structuring, and pricing of reinsurance programs.
- Coordinate and facilitate reinsurance contract reviews, ensuring alignment and incorporating revisions with input from all key stakeholders.
- Conduct risk assessments for our carrier partners' homeowners' programs, identifying exposures and evaluating the impact on their reinsurance programs.
- Collaborate with internal teams (legal, executive management) and external stakeholders (brokers and carrier partners) to negotiate, understand, and execute reinsurance contracts.
- Prepare and analyze financial reports on reinsurance programs, including loss data, reserves, and regular updates on carrier program performance for senior management.
- Contribute to the development offering documents in the ILS (cat bond) space to secure multi-year capacity for our carrier partners.
We’re looking for someone who has:
- 7+ years of experience in P&C reinsurance, with a focus on buying, broking, or underwriting reinsurance agreements.
- Extensive knowledge of reinsurance structures, including quota share treaties, catastrophe XOL, per risk XOL, aggregate stop loss, cat bonds, and facultative certificates.
- Strong project management skills, with experience in coordinating complex projects and working across functions to drive strategic initiatives.
- Proven ability to lead cross-functional teams involving executive leadership, brokers, carriers, and legal counsel in the design, negotiation, and execution of reinsurance contracts.
- Deep analytical skills to assess reinsurance program performance, identify risk exposures, and analyze financial data (including loss data, reserves, and program profitability).
- Experience preparing financial reports and presenting updates to senior management on reinsurance program performance.
- Strong understanding of regulatory compliance and the ability to ensure alignment with legal and market requirements across all reinsurance placements.
- Excellent communication and negotiation skills, with the ability to build relationships and influence key stakeholders internally and externally.
- A strategic mindset with the ability to contribute to long-term planning and decision-making related to our carrier partners reinsurance strategy and overall risk management.
- A detail-oriented, proactive, and results-driven attitude, with the ability to thrive in high-pressure, fast-paced environments.
Highly preferred candidates also have:
- Advanced degree, such as an MBA or Master’s in Risk Management.
- Professional designations such as CPCU (Chartered Property Casualty Underwriter), ARe (Associate in Reinsurance), ARM (Associate in Risk Management), or CCMP (Certified Contract Management Professional).
- Experience drafting cat bond offering documents.
- Project Management Professional (PMP) Certification, demonstrating expertise in managing complex projects and leading cross-functional teams.
- Law degree or legal certifications, particularly in insurance law, providing deeper understanding of contractual agreements and negotiations.
- Experience in working with large-scale reinsurance placements, including Cat XOL, cat bond, quota share, and multi-peril reinsurance programs.
- Knowledge of international reinsurance markets, regulations, and industry best practices.
- Familiarity with reinsurance modeling tools and software.
About SageSure:
As a Best Places to Work in Insurance Recipient for four years in a row (2020-2023), SageSure, one of the largest residential property insurance managing general underwriter (MGU) in the United States, is pioneering ways people protect their American Dream.
A leader in catastrophe-exposed property insurance, SageSure was founded in 2009 to deliver reliable products, exceptional customer experiences, and strong underwriting results in challenging insurance markets. SageSure currently operates in 14 states and provides home, flood, and commercial coverage on behalf of its highly rated carrier partners.
We have more than 600 employees working remotely or hybrid in one of our eight offices—Jersey City, NJ; Mountain View, CA; Chicago, IL; Tallahassee, FL; Cincinnati, OH; Houston, TX; Mt. Laurel, NJ; and Cheshire, CT—who are tackling the industry’s toughest challenges.
We provide generous health benefits and perks, including tuition reimbursement, wellness allowance, paid volunteer time off, a matching 401K plan, and more.
SageSure is a proud Equal Opportunity Employer committed to building a workforce that reflects the spectrum of perspectives, experiences, and abilities of the world we live in. We recognize that our differences make us strong, and we actively seek out diverse candidates through partnerships with organizations, institutions and communities that represent various backgrounds. We champion belonging and inclusion for all identities, including, but not limited to, race, ethnicity, religion, sexual orientation, age, veteran status, ability status, gender, and country of origin, striving to create a culture where all individuals feel valued, respected, and empowered to bring their authentic selves to work.
Our nimble, highly responsive culture nurtures critical thinkers who run toward problems and engineer solutions. We relentlessly pursue better outcomes by investing in the technology, talent, and tools that position us to succeed in demanding markets. Come join our team! Visit sagesure.com/careers to find a position for you.
What We Do
SageSure is an innovation-focused insurance and technology company specializing in underserved property markets. As the leading homeowners insurtech organization in the U.S. measured by premium and profitability, we offer more than 40 competitively priced insurance products on behalf of our carrier partners, serving 300,000+ policyholders. SageSure partners with a growing network of insurance agents and brokers in 14 coastal states.
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