Property Facultative Reinsurance Underwriter
1 day ago
We are seeking a highly skilled Property Facultative Reinsurance Underwriter to join our team in Chicago, IL or New York City. As a key member of our facultative underwriting team, you will be responsible for underwriting property facultative reinsurance programs in the US.
Key Responsibilities- Underwrite and price certificate and program business in accordance with corporate, divisional, and department guidelines and philosophy.
- Review primary policy, reinsurance contract, and endorsement wording to ensure accuracy and conformance with guidelines.
- Assess and analyze required risk information and recommend reinsurance solutions to brokers and clients.
- Maintain complete and accurate business records.
- Provide insight into the quantitative and qualitative analyses of results for the SBU.
- Collaborate with Claims and facilitate internal communication and coordination between the SBU, RD, Company, and if applicable, the MR Group.
- 7+ years of experience in (re)insurance underwriting, broker community, or corporate risk market.
- 5+ years of underwriting experience preferred.
- Bachelor's Degree preferred, advanced degree a plus.
- CPCU, ARe designations preferred.
- Proficiency in the use of pricing models, tools, and other risk evaluation models.
- Strong interpersonal skills, excellent negotiation, oral, and written communication skills, in addition to a solid understanding of accounting, finance, and actuarial concepts.
- Ability to manage client relationships and maintain profitable relationships.
- Experience working with brokers, direct clients, or managing general agents is required.
We offer a competitive salary range of $150,300 - $220,400, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, we provide a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays, and paid time off (PTO).
About Munich ReMunich Re is a global leader in the insurance and reinsurance industry, providing innovative solutions for our clients and broker partners. We are committed to fostering an inclusive culture and building a diverse workforce that reflects the customers we serve and the communities in which we live and work.
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