- Location
- 399 Park Avenue-New York, NY, United States of America
- Type
- Full-time
- Experience
- 3+ years
- Source
- Workday
Description
Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Position Description
• Assess the creditworthiness of new and existing reinsurers, risk groups, and intermediaries using financial analysis, rating agency reports, and industry data.
• Apply Starr’s limit framework in accordance with the company’s risk appetite for facultative and treaty arrangements, while facilitating the timely processing of exception requests.
Prepare timely Committee meeting materials, including reviewing all submissions from Starr entities and identifying facultative exceptions that are either overlined or not on the Approved Security List.
• Perform quarterly screening of reinsurers and intermediaries against OFAC sanctions lists and initiate requests to remove any flagged entities.
• Maintain and update internal credit ratings and watchlists.
• Support reinsurance collateral administration by monitoring trust account statements, tracking letters of credit (LOCs), and maintaining accurate collateral records.
• Assist in the development and implementation of credit risk policies and procedures.
• Track industry developments, rating agency updates, and regulatory changes affecting reinsurers.
• Participate in system enhancements and process improvement initiatives. • Maintain audit-ready documentation for all reviewed submissions and approvals. Qualifications & Requirements
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• 3+ years of experience in insurance or reinsurance preferred.
• Knowledge of reinsurance structures (treaty, facultative, proportional, excess of loss) and insurance financial metrics (combined ratio, loss ratio, reserves).
• Experience with credit ratings agencies (S&P, Moody’s, Fitch, AM Best).
• High level of attention to detail, analytical judgment, and organizational skills. • Strong technical skills in data analysis and visualization, including Excel, SQL, and Power BI.
• Ability to manage multiple priorities and work cross-functionally.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.