Senior Manager, Ceded Reinsurance

Overview: 

If you're looking for the stability of a profitable, growing company with the agility of a startup, we’re hiring! SageSure, a leading Managing General Underwriter (MGU) specializing in catastrophe-exposed property insurance, is seeking a Senior Manager, Ceded Reinsurance to play a critical role in our reinsurance strategy. 

Reporting to the Director of Ceded Reinsurance, this high-impact role partners closely with SageSure’s CEO and our senior executive team to support our Carrier Partners in their reinsurance placement strategy. SageSure will support its Carrier Partners in placing over $4.5 billion in reinsurance limit across all placements this year — a figure that continues to grow — providing a unique opportunity to shape both SageSure’s and our Carrier Partners’ long-term risk management strategy. 

The ideal candidate has a strong background in P&C reinsurance, with experience in reinsurance buying, broking, or underwriting. They are a highly motivated, detail-oriented leader who thrives in fast-paced, high-stakes environments. Strong organizational skills, analytical acumen, and strategic thinking are essential to succeed in this high-exposure position. 

What you’d be doing: 

• Support the Ceded Reinsurance team in planning, coordinating, and executing key strategic initiatives across areas like reinsurance programs, risk analysis, contracting, financial reporting, regulatory compliance, and strategic planning. 

• Lead and manage cross-functional projects between leadership, carriers, and reinsurance brokers in the design, structuring, and pricing of reinsurance programs. 

• Coordinate and facilitate reinsurance contract reviews, ensuring alignment and incorporating revisions with input from all key stakeholders. 

• Conduct risk assessments for our carrier partners' homeowners' programs, identifying exposures and evaluating the impact on their reinsurance programs. 

• Collaborate with internal teams (legal, executive management) and external stakeholders (brokers and carrier partners) to negotiate, understand, and execute reinsurance contracts. 

• Prepare and analyze financial reports on reinsurance programs, including loss data, reserves, and regular updates on carrier program performance for senior management. 

• Contribute to the development offering documents in the ILS (cat bond) space to secure multi-year capacity for our carrier partners. 

We’re looking for someone who has: 

• 7+ years of experience in P&C reinsurance, with a focus on buying, broking, or underwriting reinsurance agreements. 

• Extensive knowledge of reinsurance structures, including quota share treaties, catastrophe XOL, per risk XOL, aggregate stop loss, cat bonds, and facultative certificates. 

• Strong project management skills, with experience in coordinating complex projects and working across functions to drive strategic initiatives. 

• Proven ability to lead cross-functional teams involving executive leadership, brokers, carriers, and legal counsel in the design, negotiation, and execution of reinsurance contracts. 

• Deep analytical skills to assess reinsurance program performance, identify risk exposures, and analyze financial data (including loss data, reserves, and program profitability). 

• Experience preparing financial reports and presenting updates to senior management on reinsurance program performance. 

• Strong understanding of regulatory compliance and the ability to ensure alignment with legal and market requirements across all reinsurance placements. 

• Excellent communication and negotiation skills, with the ability to build relationships and influence key stakeholders internally and externally. 

• A strategic mindset with the ability to contribute to long-term planning and decision-making related to our carrier partners reinsurance strategy and overall risk management. 

• A detail-oriented, proactive, and results-driven attitude, with the ability to thrive in high-pressure, fast-paced environments.  

Highly preferred candidates also have: 

• Advanced degree, such as an MBA or Master’s in Risk Management. 

• Professional designations such as CPCU (Chartered Property Casualty Underwriter), ARe (Associate in Reinsurance), ARM (Associate in Risk Management), or CCMP (Certified Contract Management Professional). 

• Experience drafting cat bond offering documents.  

• Project Management Professional (PMP) Certification, demonstrating expertise in managing complex projects and leading cross-functional teams. 

• Law degree or legal certifications, particularly in insurance law, providing deeper understanding of contractual agreements and negotiations. 

• Experience in working with large-scale reinsurance placements, including Cat XOL, cat bond, quota share, and multi-peril reinsurance programs. 

• Knowledge of international reinsurance markets, regulations, and industry best practices. 

• Familiarity with reinsurance modeling tools and software.