AVP - Commutations
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AI Summary
About you and the role:
Commutations are core element of the “Enstar effect”. Reporting to the US Commutations Manager, the Commutations AVP is a key role and has significant responsibility in supporting the Commutations Department by driving the actions required to deliver the strategy and goals.
What you will be doing:
- Identify commutation targets, engage counterparties, price transactions, and negotiate deals.
- Contribute to the broader commutations strategy.
- Identify and resolve internal and external business challenges related to commutations.
- Work with Senior Management to include commutation plan savings in the Enstar US Business Plan.
- Track progress against the commutation plan throughout the year.
- Own all assumed and ceded commutations involving US-domiciled counterparties.
- Liaise with Client Management teams on commutations for portfolio companies.
- Represent the company externally with regulators, professional services firms, and the wider market as required.
- Take reasonable steps to ensure the accountable business area complies with applicable laws, rules, regulations, good governance, and Enstar’s shared values, including putting clients at the heart of the business.
- Undertake additional duties as required, including valuation and/or due diligence.
- Interpret internal and external issues and recommend solutions and best practices.
- Guide others in resolving complex issues within the role’s specialist area and address complex problems affecting cross-functional business processes and outcomes.
What you will bring:
- 7–10 years of insurance and reinsurance experience, preferably in Claims.
- Experience negotiating settlements, including commutations or claims.
- Experience working with a high degree of autonomy.
- Strong professional written and verbal communication skills.
- Experience collaborating with Claims, Legal, and Actuarial teams within an insurance or reinsurance company.
- Extensive understanding of insurance and reinsurance products, including their terms, conditions, and application to claims.
- Extensive understanding of legislative and legal frameworks across major insurance markets.
- Understanding of actuarial pricing principles and legal dispute processes, including costs, outcomes, risks, and rewards.
- Composure under pressure.
- Develop operational plans and manage resources effectively.
- Analyse and interpret financial data.
- Price and/or peer review significant deals.
- Incorporate coverage, uncertainty, and potential legal outcomes into pricing.
- Communicate complex ideas and exposure matters to senior and executive management.
- Explain and negotiate deals with counterparties, including where relationships may be strained by coverage disputes.
- Develop and deliver presentations.
- Build strong working relationships.
- Train and mentor junior staff.
- Lead projects and serve as a best-practice and quality resource.
- Global Employee Relations & Regulatory Expertise: Understands multinational employment frameworks and manages global ER risks with sound judgment and consistency.
- Operational Excellence & HR Service Integration: Partners with global HR Operations and Technology to deliver integrated, scalable HR solutions and a unified employee experience.
- Executive Communication & Relationship Effectiveness: Communicates with global executive presence; builds strategic relationships across cultures, regions, and business units.
Your Benefits:
- Enstar offers best-in-class Medical, Dental, and Vision healthcare for single and family coverage.
- Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.
- Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
- Access to Dependent Care FSA to cover daycare expenses.
- Access to Employee Assistance Programs (EAP) for health and well-being.
- Optional Pet & Home/Auto Insurance.
- Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
- 401K retirement plan (company matches up to 6% of employee contribution).
- One paid annual volunteer day.
General Info
The target base salary pay range for this role is $100,000-$120,000*
*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for the hiring location and the relevant candidate's knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.
Who we are:
We are a trusted global re/insurance group and the leading provider of retrospective solutions, with specialist underwriting capabilities. We help our clients manage risk, unlock capital and create the financial freedom to grow. With operations across the world’s major insurance hubs and a global network of close to 800 talented professionals, we bring expertise and fresh thinking to some of the industry’s biggest challenges.
For more information about Enstar, visit our website: www.enstargroup.com.
For more information about careers at Enstar, visit our LinkedIn Life page or visit our careers site
Why Enstar:
Learning and development are a fundamental part of every employee's career journey with Enstar. Supporting growth and career progression is key to how we engage our people - helping them to learn, grow and succeed at Enstar.
We offer a range of initiatives and resources to support our people throughout their careers:
- Professional Qualifications and Study Support: We support employees who wish to take professional qualifications aligned to their role and career development.
- Training, Conferences & Seminars: As a global organisation, we work with many professional bodies to provide access to training programmes, conferences, seminars and continuing professional development (CPD) opportunities.
- Digital Learning Hub: Our digital learning hub, LinkedIn Learning, offers a wide range of self-serve resources, including courses, videos, eBooks, and audio books, to help employees build news skills and deepen their knowledge.
We also invest in physical, mental and financial wellbeing initiatives for our employees. Supportive teams, inspiring work and a positive working environment all contribute to our collective wellbeing. Beyond the workplace, we strive to make a positive influence in our communities and to continuously reduce our impact on the environment.
Enstar Inclusivity Policy:
We’re an equal opportunity employer and believe that our inclusive environment creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.
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