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SVP, Reinsurance Services
This high profile management position is responsible for all post-placement functions related to both treaty and facultative ceded reinsurance including reinsurance contract administration, cash management and accounting, billing and collections, insolvency filings and collateral administration. This key executive will provide leadership to an organization of more than seventy people, directly manages four VP level staff, and will report to the Chief Reinsurance Officer for the Chubb Group.
Key Responsibilities
The SVP, Reinsurance Services will be responsible for:
- Effectively and efficiently administers the ceded reinsurance business of Chubb North America.
- Accurately recording contract terms in the reinsurance system set-up for approximately 100 reinsurance programs and a significant number of facultative certificates (~4,500 per year).
- Billing and collecting over $3B from reinsurers annually.
- Applying cash received accurately and timely.
- Overseeing the payment of ceded premium to reinsurers.
- Managing collateral, including a no less than annual review of the adequacy and quality of the collateral held and requesting and securing additional collateral as needed.
- Identifying and executing on opportunities for efficiencies through process improvement, off shoring and enhancements to systems.
- Production of appropriate management and financial reports.
- Leading or participating in enterprise projects as needed.
- Supporting reinsurance placements, including providing timely and accurate historical treaty experience.
- Providing leadership to the department, including ensuring training and opportunities are provided to the staff to maintain high level of performance.
- Ensuring the department adheres to all statutory and Chubb requirements related to reinsurance administration.
- Continually improving the people, process and performance of the unit.
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
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