VP, Reinsurance

VP, Reinsurance

We are Hiring!

Location: La Jolla, CA

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes self-motivated individuals to our thriving company. 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.

The Details:

We are seeking a driven, insightful, and collaborative VP, Reinsurance to support and further Palomar's growth as it expands and diversifies its business. As VP, Reinsurance, you will report directly to EVP, Ceded Reinsurance and will work closely with senior leaders of the Risk Management, Underwriting, Actuarial and Programs teams to lead and execute various reinsurance placements in alignment with the risk transfer objectives of the company. Successful candidates will be those who can navigate market dynamics, foster strong relationships, and apply a strategic framework to the assessment of reinsurance needs and priorities. The ability to work independently and communicate effectively in a consultative and collaborative manner is critical to the role.

What will you do? (Job Duties)

• Collaborate with various leaders and stakeholders in the analysis, marketing, placement and administration of multiple reinsurance treaties that achieve the company's risk transfer objectives for individual lines of business and across the portfolio
• Oversee the buying process of risk transfer solutions consisting of pro rata and excess of loss reinsurance treaties for both property and casualty lines of business. Some treaties will be program specific and others will cover a broader grouping of subject business
• Consult with the company's Program & Fronting division and Actuarial leads regarding program evaluation, development and enhancement of program-specific reinsurance placements
• Coordinate with Reinsurance, Risk Management, Finance and Operations teams to ensure reinsurance programs are appropriately integrated with the company's operations and meet company objectives
• Develop and maintain relationships with reinsurance brokers and underwriters

Requirements

What we are looking for: (Experience)

• A bachelor's degree or graduate degree required
• 5+ years of professional experience in the insurance industry, with strong leadership potential and business relationship skills to build trust and respect
• Has experience leading reinsurance program design, analysis, placement, and execution specifically across various Casualty segments
• Manage multiple projects and tasks concurrently with effective time management skills to meet fixed deadlines
• Strong collaboration skills to ensure effective alignment among diverse teams, including appointed reinsurance broking teams
• Excellent financial and reinsurance coverage acumen
• Executive presence and ability to communicate with, influence, and manage stakeholders, including C-level executives
• Highly developed analytical, decision-making, and strategic thinking skills with keen attention to detail
• 25% travel

We love people who want to:

• 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.
• Be hands on with their team and roll up their sleeves
• Lead with empathy and support personal and professional development
• Empower people to continue to grow and see a bigger picture

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

What will you get in return?

• Full Suite of Medical Benefits
• Long Term Financial Incentives: All team members receive company equity.
• 401k with 3.5% automatic fully vested Employer Contribution
• Competitive PTO + Holiday Program
• Hybrid Work Environment
• Lifestyle Savings Account
• Professional Development Assistance
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)

Diversity at Palomar

At Palomar, we are committed to diversity, equality, and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.

Accommodations:

Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability (both visible and invisible) can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.

Pay Range: $170,000-$255,000