Insurance Account Specialist

AmericanAg®, a global provider of diversified reinsurance services, is looking for a Property & Casualty Retrocessional Specialist to join our Client Retro teambased out of our office in Schaumburg, Illinois. This is a hybrid position working in the office a minimum of three days a week. Reporting to the SVP – Client Retro, the Property & Casualty Retrocessional Specialist will play an important role in supporting the department inretrocessional treaty underwriting and relationship management by managing a portfolio of assumed retrocession programs. This position combines unique skillsets, including retrocessional treaty underwriting, placement, administration, servicing, and relationship management between retrocessional business partners. The Property & Casualty Client Retrocessional Specialist will be responsible for: Developing, maintaining, and deepening reinsurer client and broker relationships Coordinating and participating in client and broker marketing and renewal meetings Working with internal stakeholders and retrocessional business partners as the liaison between retrocessional brokers and reinsurers concerning individual treaty reinsurance transactions Assisting the SVP – Client Retro with the placement of transaction-specific retrocessional protections for AmericanAg® in accordance with the company’s enterprise risk management guidelines Contributing to the review and analysis of underwriting submissions, program structures, policy language, and firm order terms for retrocessional programs Tracking, analyzing, and sharing pricing feedback from internal and external sources with retrocessional business partners Communicating retro placements and post-renewal updates to key stakeholders Maintaining in-depth knowledge of the reinsurance and retrocessional marketplace – including industry activity, trends, technical developments, new products, macro issues, regulations, and market developments to provide timely and relevant information to key stakeholders Coordinating with internal departments regarding treaty administration, compliance issues, and execution of conditions of contracts Assisting the SVP – Client Retro with the management and coordination of the Broker Assumed Quota Share arrangements betweenAmericanAg®and various Farm Bureau® insurance companies What you will bring to this role: Bachelor’s degree or equivalent experience 5+ years of reinsurance experience, with a focus on Property treaty reinsurance broking, underwriting, or purchasing Thorough understanding of reinsurance contract language and reinsurance pricing concepts Extensive knowledge of the reinsurance market relating to reinsurance companies, product and service offerings, market pricing, coverage, and capacity trends, and the personnel in the direct and broker market channels Understanding of the reinsurance renewal lifecycle, including submission development, finalization of reinsurance terms and conditions, gathering authorizations, signing of lines, and contract management Excellent interpersonal, written, and verbal communication skills, along with the ability to build and develop relationships Fluency with catastrophe modeling outputand catastrophe exposure management concepts Proficiency with Microsoft 365 products, especially with Outlook, Excel, Teams, and SharePoint Continuing education in insurance certification programs (CPCU, ARe) preferred The expected starting salary range for this position is between $150,000-$190,000. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. This position is also eligible for an annual bonus. For information regarding our benefits, please clickhere. We do not sponsor employment visas and are unable to take over an employment visa from another employer. Applicants must be authorized to work in the U.S. for ANY employer without the need for employment visa sponsorship. Who We Are Since 1948, AmericanAg® has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at aaic.com Reasons to Consider AmericanAg® At AmericanAg®, you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential. AmericanAg® participates in E-Verify. Learn more aboutapplicant rights under Federal Employment Laws. #J-18808-Ljbffr