Reinsurance Underwriting Manager

MSIG Holdings USA, Inc.

$150K — $185K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Risk Management, Finance, Actuarial Science, Business, or related field; CPCU, ARe, or actuarial credentials preferred.
  • 7-10+ years of P&C reinsurance underwriting experience (treaty, facultative, or both).
  • Strong understanding of P&C lines, catastrophe modeling, actuarial pricing, and contract wording.
  • Proven ability to negotiate complex reinsurance deals.
  • Excellent analytical, communication, and relationship-building skills.
  • Ability to manage multiple submissions, deadlines, and stakeholders.

Responsibilities

  • Evaluate and underwrite reinsurance submissions across property, casualty, and specialty lines.
  • Analyze exposure data, loss history, catastrophe modeling outputs, and underwriting guidelines to determine risk quality.
  • Develop pricing recommendations using actuarial models, rating tools, and market benchmarks.
  • Manage a portfolio of assumed reinsurance business to ensure profitability, diversification, and alignment with risk appetite.
  • Monitor treaty performance, emerging trends, and loss development; recommend corrective actions when needed.
  • Structure treaty terms, conditions, and coverage features that balance competitiveness with risk control.
  • Lead negotiations with brokers and cedents on pricing, terms, and contract wording.

Benefits

  • Healthcare and Retirement Benefits
  • Comprehensive medical, dental, and vision coverage
  • 401(k) with a generous employer match and profit-sharing contribution
  • Wellness incentive program
  • Life and accidental death and dismemberment (AD&D) insurance
  • Flexible spending programs
  • Short-term and long-term disability plans
  • Paid time off program
  • Paid charitable leave
  • Paid parental leave
  • Tuition reimbursement program
  • Personal insurance (auto/homeowners) discounts
Full Job Description
Position Summary / Job Purpose

The Reinsurance Underwriting Manager is a senior individual contributor responsible for structuring, negotiating, and placing ceded reinsurance (treaty and facultative as applicable) and for partnering with underwriting leaders to ensure the reinsurance program supports profitable growth, capital efficiency, and risk appetite. The role requires strong market credibility, excellent judgment, and the ability to independently drive negotiations, manage broker relationships, and review/approve reinsurance contract wording to protect the company's interests.

Essential Duties & Responsibilities

Reinsurance Strategy, Negotiation & Placement
  • Lead ceded treaty negotiations and placements to secure capacity and efficient terms aligned with underwriting needs and market conditions.
  • Negotiate and finalize terms for assumed and/or related-party treaty arrangements as applicable to the organization's structure and guidelines.
  • Coordinate and ensure timely delivery of materials supporting negotiations (e.g., loss, premium, catastrophe/aggregation summaries, operational overviews), driving the full renewal/placement workflow end-to-end.

Broker & Reinsurer Management (Market-Facing Leadership)
  • Manage day-to-day strategic relationships with reinsurance brokers and reinsurers, representing the company with credibility, professionalism, and a "trusted counterparty" presence.
  • Oversee reinsurer selection and security considerations in partnership with governance forums/committees (and consistent with applicable regulatory requirements).

Contract Wording Review & Documentation Control (Key Emphasis)
  • Review, negotiate, and approve treaty/facultative wording, endorsements, schedules, and related contract documentation to ensure clarity, enforceability, and alignment with intended coverage.
  • Ensure outward reinsurance contracts respond as expected by identifying and escalating coverage gaps, exclusions, sublimits, cancellation provisions, collateral terms, and other key clauses that could create adverse outcomes.
  • Apply disciplined checklist-based review practices for facultative placements (e.g., verifying declaration details, evidence of cover, required signatures, and consistency of terms).

Portfolio Support & Technical Advisory (Leadership Without Direct Reports)
  • Provide expert guidance to underwriting leadership on treaty alignment, facultative utilization, retention strategy, and escalation decisions for complex or high-severity risks.
  • Act as a subject matter expert supporting internal stakeholders on complex reinsurance booking, payment/collection considerations, and reinsurance-related claim/reporting workflows.

Required Qualifications

Education/ Experience
  • Bachelor's degree required (Business, Finance, Risk Management, Insurance, Actuarial, or related field).
  • 15+ years of progressive reinsurance experience in P&C (ceded treaty and/or facultative; broker-facing negotiation required).
  • Demonstrated ability to independently lead complex negotiations and finalize contract wording with minimal oversight.
  • Strong understanding of reinsurance structures and key contractual terms/clauses (proportional and non-proportional; collateral considerations as applicable).
  • Expert negotiation, influence, and stakeholder management skills; comfortable operating with senior executives and external market partners.
  • Advanced contract/wording review capability: ability to identify ambiguity, manage clause negotiation, and reduce unintended exposures.
  • Strong analytical skills (portfolio impact, pricing/structure tradeoffs, aggregation/cat considerations as available in your org).
  • Organized, detail-oriented, and able to manage multiple timelines and negotiations concurrently under pressure.
  • Strong written and verbal communication; able to create clear executive-ready summaries and negotiation rationales.

Preferred
  • Professional designations such as CPCU, ARe, or equivalent reinsurance education.
  • Experience working closely with reinsurance accounting/operations and understanding downstream implications of wording and structure.

Salary: The base pay range is $150,000.00 - 185,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits:
  • Healthcare and Retirement Benefits
  • Comprehensive medical, dental, and vision coverage
  • 401(k) with a generous employer match and profit-sharing contribution
  • Wellness incentive program
  • Life and accidental death and dismemberment (AD&D) insurance
  • Flexible spending programs
  • Short-term and long-term disability plans


Additional Benefit Programs
  • Paid time off program
  • Paid charitable leave
  • Paid parental leave
  • Tuition reimbursement program
  • Personal insurance (auto/homeowners) discounts

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It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

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