Principal Treaty Manager

Description

The Principal Treaty Manager occupies a strategic leadership position within the Risk Finance Team, entrusted with overseeing the strategy, analysis, negotiation, and management of treaty reinsurance arrangements. This senior role demands an expert grasp of reinsurance concepts, deep analytical abilities, and a proactive approach to fostering high-value relationships with reinsurers, brokers, and internal stakeholders. The Principal Treaty Manager is a critical architect of risk transfer programs, ensuring that treaty solutions are both commercially effective and aligned with the organization’s broader risk and business objectives.

 

Overview:

 

The Principal Treaty Manager is responsible for leading the design, implementation, and ongoing administration of treaty reinsurance programs. This includes both proportional and non-proportional treaty placements, management of treaty portfolios, and continuous enhancement of treaty solutions in response to market developments and organizational needs. The role requires close collaboration with underwriting, actuarial, claims, finance, and legal teams, as well as influential engagement with reinsurers and intermediaries in global and regional markets. The Principal Treaty Manager works with the Directors of Risk Financing to ensure the organization’s reinsurance strategy is robust, compliant, and innovative. Providing optimal risk mitigation while supporting growth, profitability, and regulatory requirements.

 

Key Responsibilities:

 

Strategic Leadership: Develop and drive the treaty reinsurance strategy, ensuring alignment with the company’s business goals and risk appetite. Constantly monitor industry trends and regulatory changes, proactively adapting treaty solutions as needed.

 

Treaty Program Origination and Placement: Lead the analysis, design, and placement of treaty reinsurance programs (proportional and excess of loss), including renewal negotiations and new program launches. Oversee the entire placement process, from data collection and modeling to contract wording and execution.

 

Portfolio Management: Manage and optimize the ceded treaty portfolios, performing regular reviews to ensure appropriate coverage, pricing, and diversification. Collaborate with actuarial and finance teams on portfolio analysis and performance monitoring.

 

Stakeholder Engagement: Build and maintain strong relationships with reinsurers, brokers, and internal departments. Serve as the principal point of contact for treaty-related matters, facilitating clear communication and effective collaboration.

 

Contract Negotiation and Administration: Lead negotiations of treaty terms and conditions, ensuring contracts are accurate, robust, and in line with market standards and regulatory requirements. Oversee all aspects of treaty documentation and administration.

 

Risk Assessment and Analytics: Leverage quantitative analysis and risk modeling to assess treaty program efficacy, identify portfolio gaps, and optimize coverage. Provide expertise in catastrophe modeling, exposure analysis, and scenario planning.

 

Regulatory and Compliance Oversight: Ensure all treaty arrangements comply with local and international regulations, internal governance policies, and industry best practices. Coordinate with legal and compliance teams to keep abreast of regulatory developments.

 

Innovation and Continuous Improvement: Champion the integration of new tools, technologies, and analytics to enhance treaty management processes, improve efficiency, and deliver strategic value.

 

Training and Mentorship: Support the onboarding and development of Treaty Managers and more junior staff, sharing knowledge of treaty operations, data management, and industry practices.

 

Qualifications

• Bachelor’s degree in insurance, Finance, Mathematics, Economics, Business Administration, or a related field. Advanced degree or professional certifications (such as ACII, CPCU) are highly desirable.
• Extensive experience in treaty reinsurance management, with a proven track record of successful program design, negotiation, and administration.
• Strong analytical skills, including proficiency with risk modeling, catastrophe modeling, and portfolio analytics.
• Excellent negotiation, communication, and relationship management abilities, with a collaborative and solution-focused approach.
• Deep knowledge of insurance and reinsurance products, contract wordings, and regulatory frameworks.
• Highly organized an