Reinsurance Analyst

Overview

Why choose Palomar? Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team. Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.

Want to learn more about our exciting journey?

We are Hiring!

Reinsurance Analyst

Location: La Jolla, CA;
Edina, MN;
Chicago, IL

As the Reinsurance Analyst, you will be working closely with the EVP, Risk Management, Chief Risk Officer, and other executive officers to assist in the strategy and execution of the risk transfer strategy across the totality of the organization with responsibilities covering all outward business including traditional reinsurance and Insurance Linked Securities. Additionally, you will be responsible for assisting the AVP, Reinsurance Operations with the development and maintenance of the firm’s data and reporting capabilities related to reinsurance, collaborating with other departments within the context of the broader data strategy initiative.

• Collaborate with the EVP, Risk Management and Chief Risk Officer in the ongoing development of the risk transfer strategy and the execution of an innovative reinsurance program to manage risk transfer for individual lines of business and across the portfolio (Risk transfer consists of Catastrophe Occurrence and Aggregate protection, Per Risk and Quota Share placements, and the sourcing capacity from both traditional and ILS markets)
• Assist in the execution of incoming reinsurance initiatives including earthquake partnerships, soft retro, and assumed reinsurance strategy
• Work closely with the finance and accounting teams to ensure accurate implementation of reinsurance agreement terms and conditions, reporting requirements, etc.
• Assist in the development and maintenance of presentation materials related to reinsurance, regulatory, and public company matters
• Help build the Company’s knowledge base with respect to current and historical reinsurance activities, including deepening the broader organizations understanding and awareness of key reinsurance initiatives
• Collaboration with the Program's division regarding product evaluation and development and program-specific reinsurance placements
• Monitor KPI’s in conjunction with Analytics in order to drive portfolio optimization, evaluate products and steer strategic direction in collaboration with Exec Team including President, CRO, and CUO
• Analyze, prepare, and evaluate reinsurance contracts, including interpretation of key Articles and definitions
• Manage interaction and communication with reinsurance counter parties and brokers

• A Bachelor’s Degree in Finance, Economics, Statistics, Risk Management, or a related field is highly preferred
• 2-4 years of professional experience in the reinsurance industry preferred
• Progress towards an ARe, CPCU, or related designation a plus
• Excellent financial and organizational systems acumen
• Exceptional written and verbal communication skills
• Strong ability to multi-task and manage various project requirements/deadlines
• Desire to work in a highly collaborative, team-oriented environment

• Build strong relationships through transparency, trust, and respect for each other.
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity.
• Be bold and innovative to help make an impact.
• Demonstrable track record of working autonomously and driving progress
• Be intellectually curious, think creatively, and pragmatic

If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you ll enjoy a career with Palomar!

• Full Suite of Medical Benefits
• Long Term Financial Incentives – STOCK!
• 401k with 3.5% Automatic Fully…