Porch Group is a leading vertical software and insurance platform and is positioned to be the best partner to help homebuyers move, maintain, and fully protect their homes. We offer differentiated products and services, with homeowners insurance at the center of this relationship. We differentiate and look to win in the massive and growing homeowners insurance opportunity by 1) providing the best services for homebuyers, 2) led by advantaged underwriting in insurance, 3) to protect the whole home.
As a leader in the home services software-as-a-service (“SaaS”) space, we’ve built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies.
In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We are looking to build a truly great company and are JUST GETTING STARTED.
Job Title: Head of Reinsurance
Location: United States
Workplace: Remote
Job Summary:
The ideal candidate will be responsible for working with both internal and external colleagues in managing the reinsurance renewal process, analyzing and optimizing reinsurance structures, reviewing contracts, and monitoring the reinsurance program during the treaty year. This role requires a deep understanding of reinsurance principals and strong strategic planning skills.
What you will do as a Head of Reinsurance
- Drive the development of treaty structure design, ensuring appropriate cost and effective coverage.
- Own the negotiation of treaty coverage including reinsurance contracts and pricing
- Maintains exceptional broker and reinsurer relationships
- Oversee policies related to risk evaluation of exposures and pricing structures.
- Prepares reinsurance proposals for approval from Porch leadership which could include the Board of Directors.
- Responsible for reinsurance related policies including Collateral and Credit Verification and Collateral Release policies.
- Monitors treaty loss activity and determines appropriate actions/notifications.
- Directs reinsurance audits.
- Provides technical guidance, assistance, and training.
- Ability to detail complex reinsurance concepts to all levels of the organization including C suite.
- Performs other duties as assigned.
- Collaborates closely with Finance and Accounting.
- Occasional travel to Dallas Ft Worth area
What you will bring as a Head of Reinsurance
- Bachelor’s degree is preferably in business, accounting, or related field of study; an MBA is preferred.
- Associate of Reinsurance (Are) preferred.
- 15+ years of Insurance experience with a proven track record of successful reinsurance experience.
- Requires significant knowledge of reinsurance guidelines and procedures.
- Effective verbal and written communication skills with the ability to effectively interact with internal and external business partners, including the ability to present complex ideas clearly to senior executives and stakeholders.
- Detail-oriented with strong analytical and organizational skills with the ability to prioritize and manage multiple activities and projects effectively.
- Deep understanding of reinsurance, including trends, regulations and competitive landscape.
What You Will Get As A Porch Group Team Member
Pay Range*: $157,500.00 - $220,500.00 annually
*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets, job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.
The application window for this position is anticipated to close in 2 weeks (10 business days) from August 13, 2024. Please know this may change based on business and interviewing needs.
At this time, Porch Group does not consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, Montana, New Hampshire, and West Virginia.
Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals.
You will also be eligible to receive an annual bonus based on individual and company performance, subject to program guidelines and approvals.
Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.
- Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.
- Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.
- We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.
- We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.
- Both traditional and Roth 401(k) plans are available with a discretionary employer match.
- Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.
- Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.
- LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.
- Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.
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What’s next?
Submit your application and our Porch Group Talent Acquisition team will be reviewing your application shortly! If your resume gets us intrigued, we will look to connect with you for a chat to learn more about your background, and then possibly invite you to have virtual interviews. What's important to call out is that we want to make sure not only that you're the right person for us, but also that we're the right next step for you, so come prepared with all the questions you have!
Porch is committed to building an inclusive culture of belonging that not only embraces the diversity of our people but also reflects the diversity of the communities in which we work and the customers we serve. We know that the happiest and highest performing teams include people with diverse perspectives that encourage new ways of solving problems, so we strive to attract and develop talent from all backgrounds and create workplaces where everyone feels seen, heard and empowered to bring their full, authentic selves to work.
Porch is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.
Porch Group is an E-Verify employer. E-Verify is a web-based system that allows an employer to determine an employee's eligibility to work in the US using information reported on an employee's Form I-9. The E-Verify system confirms eligibility with both the Social Security Administration (SSA) and Department of Homeland Security (DHS). For more information, please go to the USCIS E-Verify website.
