The Risk Manager provides oversight and direction to the Risk Management department of Universal North America. The primary responsibilities of this position include reinsurance placement and analysis, catastrophe modeling, capacity allocation and aggregate management, data quality and statistics, and catastrophe rate adequacy.
Essential Duties and Responsibilities:
Supervise risk analyst, review weekly work, prioritize workload, and project management, and provide direction.
Communicate frequently with reinsurance broker in conducting management of overall reinsurance program, including reinsurer requests, reinsurance budget and allocation calculations, and attend reinsurance meetings.
Conduct reinsurance negotiations. Manage Property and Casualty re-insurance programs.
Provide Risk Assessment, which involves analyzing risk with criteria established by the organization such as cost, accumulation of exposure, and evaluating the organization's previous handling of risk.
Monitor capacity allocation and aggregates in conjunction with catastrophe risk appetite.
Oversee day to day catastrophe modeling as well as incorporation of catastrophe modeling into rate filings.
Prepare operational and risk reports for Executive Management as necessary based upon individual state requirements that Universal North America works with.
Assist in completion of external risk reporting to stakeholders and other regulatory or rating agencies requests and data calls. Provide in force data to internal and external parties as well as miscellaneous data requests as required.
Quantify the organization's risk appetite.
Provide information to be used in overall company annual budget, PML projections, etc. to finance department on an ongoing basis.
Perform other duties as requested.
This job description has been prepared to indicate the general nature and level of the work that the employees perform within their classification. This description is not and cannot be interpreted as an inventory of all the duties, tasks, responsibilities and qualifications required for the employees assigned to this job.
Education and Experience:
Bachelor's degree in an insurance-related discipline and a minimum of three (3) years of experience within the property and casualty risk management field.
Management or leadership experience within risk management for a property and casualty insurer.
Robust data management skills: ability to manipulate, interpret, and extrapolate complex data.
Excellent proficiency using Microsoft Access & SQL and other Office programs, to include Excel, Word, and PowerPoint.
Leadership abilities, self-motivation and accountability with the ability to work both independently and with teams. Supervisory experience preferred.
Outstanding public speaking, presentation and written communication skills required.
Mathematics and analytic skills; close familiarity and proven past use with catastrophe modeling applications and reinsurance structures.
High level of proficiency with Catastrophe Modeling software applications and general property and casualty insurance knowledge.
Licenses and/or Certifications:
Associate in Risk Management, or courses towards CPCU not required, but strongly preferred.
AIR and / or RMS Certifications preferred.