Reinsurance Jobs in Somerville, MA
Reinsurance is a financial tool that insurance companies use to manage risk. Essentially, it involves insurance companies transferring portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. In other words, it is insurance for insurance companies. Reinsurance enables insurance companies to remain solvent by recovering part or all amounts paid to claimants. Further, reinsurance also provides insurance companies the capacity to underwrite policies that cover a larger volume of risks without excessively raising the costs of covering their solvency margins.
Individuals seeking roles in Reinsurance should have strong analytical, decision-making, and negotiation skills. Moreover, having a deep understanding of risk analysis, financial markets, and regulatory requirements are also essential. A certification as a Chartered Property Casualty Underwriter (CPCU) or Associate in Reinsurance (ARe) might be required. Some typical roles a person may have before becoming a Reinsurance Professional include Underwriter, Claims Adjuster, or Risk Analyst. These roles provide the necessary experience and understanding of risk assessment and financial implications critical for a career in reinsurance.
Business Operations Lead / Manager - Reinsurance
- Liberty Mutual
- Boston, MA (2 miles from Somerville, MA)
- 11 days ago
- Boston, MA (2 miles from Somerville, MA)
- 11 days ago
The role combines operational leadership with strong reinsurance knowledge and data fluency, using insights to improve efficiency, transparency, and decisionmaking across the endtoend reinsurance lifecycle...
In PersonThird Party Reinsurance Management New
- Kohlberg Kravis Roberts & Co.
- Boston, MA (2 miles from Somerville, MA)
- 45+ days ago
- Boston, MA (2 miles from Somerville, MA)
- 45+ days ago
for all areas of the company and our reinsurance third party administrator (TPA) Respond to escalated issues relating to reinsurance pricing, implementation or queries QUALIFICATIONS: Exposure to reinsurance...
In PersonReinsurance Technology Director
- Liberty Mutual
- Boston, MA (2 miles from Somerville, MA)
- 60+ days ago
- Boston, MA (2 miles from Somerville, MA)
- 60+ days ago
About the job: Lead the delivery and ongoing support of the Reinsurance Management program to enable finance to enable efficient, accurate and flexible Reinsurance processing....
HybridAVP, Reserving & Loss Analytics (Reinsurance)
- Arch Capital Group Ltd.
- Boston, MA (2 miles from Somerville, MA)
- 90+ days ago
- Boston, MA (2 miles from Somerville, MA)
- 90+ days ago
Candidates will be evaluated on: A minimum of 10 years' experience in progressively complex actuarial roles within the property and casualty insurance industry....
In PersonDemographic Data for Somerville, MA
Moving to Somerville, MA? Find some basic demographic data about Somerville, MA below.
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Salary for Reinsurance Jobs in Somerville, MA
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Somerville, MA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Intellectual Property Law
- Motion Practice
- Drafting
- General Accounting
- Client Management
- Mergers & Acquisitions
- Research and Writing
- Business litigation
- Commercial Litigation
- Drafting Pleadings
- System Implementation
- Patent Prosecution
- International Financial Reporting Standards
- Capital Markets
- Complex Litigation
- Technical Accounting
- Class Action Litigation
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Annuities
- Underwriting
- Litigation
- Claims
- Financial Statements
- Variance Analysis
- Internal Control
- Generally Accepted Accounting Principles
- Financial Planning and Analysis
- Reconciliations
- Legal Research & Writing
- Financial Reporting
- Reimbursement
- Microsoft Power BI
- Risk Management
- Finance
- Decision Making
- Negotiation
- Accounting
- Auditing
- Business Development
- Consulting
- Presentation
- Process Improvement
- Driving
- Documentation
- Coaching
- Employee Development
- Reporting
- Collaboration
- Flexibility
- Sales
- Microsoft Excel
- Research Skills
- Microsoft Office
- Problem Solving
- Scheduling
- Leadership
- Communication Skills
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