VP, Head of Large Case Unit and Retention Management

RGA Reinsurance Company$150K — $224K *
US-AnywhereRemote in Chesterfield, MO
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent related work experience (minimum 8 years)
  • 15+ years of reinsurance or direct underwriting experience
  • 20+ years of reinsurance underwriting experience preferred
  • Preferred accreditation in ACS, ALU, FLMI, FALU, or CLU
  • Intermediate proficiency in Word, SQL/Query, and Excel
  • Exceptional communication and presentation skills
  • Highly advanced persuasion and analytical skills.

Responsibilities

  • Underwrites large risk facultative cases using full approval authority and makes exceptions as needed.
  • Develops and manages client relationships through expert underwriting solutions.
  • Acts as primary contact for retro companies, maintaining company reputation.
  • Mentors underwriters in COLI/BOLI and reviews underwriting decisions.
  • Leads the Large Case Unit and provides development opportunities for staff.
  • Ensures adequate underwriting support and training for large cases.
  • Evaluates facultative case claims and ensures appropriate resolutions for all stakeholders.

Benefits

  • RGA provides an annual bonus plan
  • Eligible for long-term equity incentive plan participation
  • Offers a full range of health benefits
  • Provides retirement benefits and other employee benefits.
Full Job Description

You desire impactful work.

You’reRGA ready

Position Overview

In coordination with Chief Underwriter and VP, Technical Underwriting to lead, manage, and direct the development and compliance of financial and medical underwriting standards, and policies and procedures that drive USIM's philosophy and sound approach to underwriting.  Underwrites large risk facultative cases and manages client relationships to ensure client's needs are met while ensuring profitable underwriting decisions and maintaining USIM's philosophy.  Ensures department alignment and coordination with all other areas of the company to achieve corporate business strategies and vision.  Serves as a key member of the US Facultative leadership team, providing strategic direction and fostering a spirit of cooperation and coordination among all work areas.

Responsibilities

  • Appraises and underwrites USIM’s largest risks for life insurance with unlimited approval authority.  Exercises full authority to make exceptions to guidelines and rules to ensure preserving of client relationships while maintaining RGA Re philosophy and profitable business.  Overarching goal is to ensure profitable and sustainable relationships with clients.
  • Develops and manages client relationships by providing expert underwriting solutions to clients through partnering with them to identify unique, creative ways to solve their problems, improve their business results and by effectively communicating, negotiating and selling underwriting decisions which result in strong business relationships. Through intelligence gathering, communicates underwriting information and trends to clients.
  • Acts as USIM’s primary contact for retro companies and maintains USIM’s reputation in the auto and facultative pool arrangements.
  • Reviews, co-signs and/or gives second opinion on COLI/BOLI underwriting and mentors, educates and trains underwriters in COLI/BOLI and financial underwriting.
  • Leads the Large Case Unit (LCU) performing management responsibilities and provision of development and rotational opportunities for team members. Further develops talent outside of the immediate team, to foster talent succession for the LCU team. Provides leadership and underwriting expertise to management, team members, actuarial, business development and external clients and as requested outside the division.
  • Ensures that there is adequate underwriting support for large case review and provides training opportunities in large case review for less experienced underwriters.
  • Performs selected facultative case claims analysis and review and supports audits. Reviews potential jumbo violations on inforce cases and works collaboratively with clients, retrocessionaires, and internal stakeholders (Claims, Actuarial, Business Development, Operations, etc.) to ensure appropriate resolution for all parties.
  • Represents RGA Re, as a leader in reinsurance underwriting, at industry meetings and exercises influence, as appropriate, with customers, competitors, retrocessionaires.
  • Fosters a positive and engaged work environment.  Mentors associates and gives guidance on associate development.
  • Serves as a member of the US Facultative Underwriting leadership team, including setting strategic and tactical direction, division goals and objectives including assessing/prioritizing client relationships, and development of joint plans to achieve goals and objectives.

Requirements

  • Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent related work experience (minimum 8 years)
  • Bachelor’s Degree in Arts/Sciences (BA/BS) BS/BA Science or Business is preferred
  • 15+ Years of reinsurance or direct underwriting experience
  • 20+ Years of reinsurance underwriting experience is preferred
  • ACS, ALU, FLMI, FALU, or CLU accreditation or progress towards accreditation is preferred
  • Intermediate Word, SQL/Query and Excel skills
  • Highly advanced ability to comprehend and interpret insurance and contract documents.
  • Exceptional oral and written communication and presentation skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
  • Advanced knowledge of broad business practices
  • Highly advanced persuasion skills when working with internal partners and external customers to resolve issues/problems.
  • Expertise in implementing change, ensuring understanding, participation and ownership.
  • Highly advanced investigative, analytical and problem solving skills utilizing experience, research, guidelines and internal resources.
  • Exceptional skills in managing multiple tasks, projects and/or sub-teams simultaneously, including the ability to handle changing priorities and ability delegate key areas of responsibility.
  • Expertise in translating business needs and problems into viable and accepted solutions.
  • Expert ability to analyze and improve business processes
  • Highly advanced project management skills.  Demonstrates ability to evaluate project objectives and scope feasibility, gain understanding, schedule resources, and manage budget to plan.
  • Exceptional ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of programs and policies.

#LI-REMOTE #LI-SP2

Compensation Range:

$150,770.00 - $224,640.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

About RGA Reinsurance Company

RGA Reinsurance Company Careers

There has never been a more opportune time to join the dynamic team at RGA Reinsurance Company—the leading entity in the reinsurance industry globally.

Work You’ll Do

Join RGA Reinsurance Company's top-tier team to assist some of the most prominent companies worldwide in navigating their challenges and seizing growth opportunities through innovative reinsurance solutions. Transform the reinsurance landscape with the brightest minds at RGA Reinsurance Company, where leadership, innovation, and a commitment to diversity training shape the future of the industry. Lead from a unique position in the marketplace, at the crossroads of deep industry expertise and groundbreaking innovation. Engage with a global team of business and reinsurance advisors to help clients master their strategic objectives. Collaborate with the most skilled group of reinsurance professionals in the world, dedicated to excellence and forward-thinking solutions.

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The initiative aims to build a market-leading team to guide some of the world’s most renowned companies through their strategic reinsurance needs with unmatched expertise.

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Join the largest group of reinsurance experts globally—dedicated professionals at the nexus of technology, industry knowledge, and digital transformation.

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Deliver targeted reinsurance solutions through a depth and breadth of consulting experience and innovation that’s unparalleled in the industry.

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Work with a wide range of reinsurance technologies and leverage the unparalleled capabilities, global scale, and joint solution development of a powerhouse team.

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