Risk Management Facilitator
hace 2 meses
Company Overview
WTW, a leading global reinsurance broker, is seeking an experienced Risk Management Facilitator to join its team. As a facilitator of risk transfer solutions, you will play a crucial role in evaluating and analyzing WTW risk transfer solutions to determine appropriate facultative reinsurance coverage solutions.
Job Description
Responsibilities include:
- Evaluating and analyzing WTW risk transfer solutions to determine appropriate facultative reinsurance coverage solutions;
- Managing a facultative reinsurance portfolio, including business development (WTW and non-WTW original insureds);
- Cultivating and maintaining relationships with cedants, facultative reinsurance markets, and other key external third-party producers;
- Mobilizing, training, and creating awareness within the WTW organization to add facultative reinsurance solutions as an additional strategy for a total market approach;
- Negotiating terms and conditions for facultative reinsurance placements to ensure optimal coverage and pricing;
- Preparing and presenting comprehensive submissions to reinsurers, based on the needs and requirements of the cedants or original insured;
- Coordinating the administration of facultative reinsurance deals, using available tools, including supporting cedants with reinsurance requirements like Premium Payment Warranties;
- Coordinating governance and supporting claims teams in processes related to handling facultative reinsurance claims;
- Staying abreast of industry trends, market conditions, regulatory changes affecting facultative reinsurance;
Requirements
To be successful in this role, you must possess:
- A Bachelor's degree in business, finance, or a related field;
- Proven experience in the facultative reinsurance industry;
- A strong understanding of insurance and reinsurance principles, conditions, risk assessments, and pricing;
- Excellent negotiation and interpersonal skills to build and maintain relationships;
- An analytical mindset with the ability to assess complex risk scenarios;
- Effective communication skills in English, both written and verbal;
Salary
The estimated salary for this position is $120,000 - $180,000 per annum, depending on location and experience.
Benefits
WTW offers a comprehensive benefits package, including health insurance, retirement savings plan, and paid time off.
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