About you and the role: Commutations are core element of the "Enstar effect". Reporting to the US Commutations Manager, the Commutations AVP is a key role and has significant responsibility in supporting the Commutations Department by driving the actions required to deliver the strategy and goals.
What you will be doing:- Identify commutation targets, engage counterparties, price transactions, and negotiate deals.
- Contribute to the broader commutations strategy.
- Identify and resolve internal and external business challenges related to commutations.
- Work with Senior Management to include commutation plan savings in the Enstar US Business Plan.
- Track progress against the commutation plan throughout the year.
- Own all assumed and ceded commutations involving US-domiciled counterparties.
- Liaise with Client Management teams on commutations for portfolio companies.
- Represent the company externally with regulators, professional services firms, and the wider market as required.
- Take reasonable steps to ensure the accountable business area complies with applicable laws, rules, regulations, good governance, and Enstar's shared values, including putting clients at the heart of the business.
- Undertake additional duties as required, including valuation and/or due diligence.
- Interpret internal and external issues and recommend solutions and best practices.
- Guide others in resolving complex issues within the role's specialist area and address complex problems affecting cross-functional business processes and outcomes.
What you will bring:- 7-10 years of insurance and reinsurance experience, preferably in Claims.
- Experience negotiating settlements, including commutations or claims.
- Experience working with a high degree of autonomy.
- Strong professional written and verbal communication skills.
- Experience collaborating with Claims, Legal, and Actuarial teams within an insurance or reinsurance company.
- Extensive understanding of insurance and reinsurance products, including their terms, conditions, and application to claims.
- Extensive understanding of legislative and legal frameworks across major insurance markets.
- Understanding of actuarial pricing principles and legal dispute processes, including costs, outcomes, risks, and rewards.
- Composure under pressure.
- Develop operational plans and manage resources effectively.
- Analyse and interpret financial data.
- Price and/or peer review significant deals.
- Incorporate coverage, uncertainty, and potential legal outcomes into pricing.
- Communicate complex ideas and exposure matters to senior and executive management.
- Explain and negotiate deals with counterparties, including where relationships may be strained by coverage disputes.
- Develop and deliver presentations.
- Build strong working relationships.
- Train and mentor junior staff.
- Lead projects and serve as a best-practice and quality resource.
- Global Employee Relations & Regulatory Expertise: Understands multinational employment frameworks and manages global ER risks with sound judgment and consistency.
- Operational Excellence & HR Service Integration: Partners with global HR Operations and Technology to deliver integrated, scalable HR solutions and a unified employee experience.
- Executive Communication & Relationship Effectiveness: Communicates with global executive presence; builds strategic relationships across cultures, regions, and business units.
Your Benefits:- Enstar offers best-in-class Medical, Dental, and Vision healthcare for single and family coverage.
- Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.
- Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
- Access to Dependent Care FSA to cover daycare expenses.
- Access to Employee Assistance Programs (EAP) for health and well-being.
- Optional Pet & Home/Auto Insurance.
- Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
- 401K retirement plan (company matches up to 6% of employee contribution).
- One paid annual volunteer day.
General Info The target base salary pay range for this role is $100,000-$120,000*
*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for the hiring location and the relevant candidate's knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.
