Junior Underwriter

3 hours ago

Florham Park, New Jersey, United States Mapfre Re Reinsurance Management Inc. Full time

Overview

MAPFRE Re is one of the world's leading reinsurance companies. Owned by the MAPFRE Group, the company is part of an insurance/reinsurance legacy that originated in 1933. The company uses Madrid as the headquarters of a global network of reinsurance specialists.

The company views reinsurance, when backed by robust underwriting analysis, to be an integral part of a client-focused process. A process considers each transaction as opportunity not only to mitigate loss, but also to create value and facilitate mutually beneficial partnerships.

The company is seeking a focused individual who will provide technical and administrative support to the Underwriting function of the North American operation and is interested in developing a career as an underwriter. Reinsurance Management Inc is a fully own subsidiary of the MAPFRE Group. The position is based in Florham Park, New Jersey.

Duties

  • Assist Underwriters in all facets of underwriting process.
  • Process reinsurance submissions submitted by brokers into underwriting platform.
  • Identify and extract critical data from these submissions and prepare technical worksheets for underwriters.
  • Prepare and scrub submission data and enter in experience and exposure rating tool.
  • Use third party catastrophe modeling software, download modeling data, run cat model and enter results in technical worksheet.
  • Review and analyse contract wordings.
  • Create and maintain online/digital underwriting and contract files.
  • Manage all new and renewal submission as they proceed throughout the workflow.
  • Code and enter bound accounts into the premium system, cat model and upload contracts into online system.
  • Produce reports for management and underwriters.
  • Respond to queries from accounting and other internal departments.
  • Assemble relevant information needed for client audits.
  • Researching and answering inquiries from internal and external customers.
  • Maintain marketing material and schedules for underwriter.
  • Participate in broker / client meetings as required.
  • Assist in projects as assigned.

Requirements

  • Bachelor's Degree required; 5 years minimum reinsurance or insurance industry Exp of which 3 years in underwriting.
  • The ideal candidate is well organized; is project management oriented; good mathematical, oral and written communication skills; is a thinker providing solutions; has a positive "can do" attitude; works well as an integral part of a collaborative team as well as independently; possesses a strong work ethic and is self-motivated.
  • Strong competency in Microsoft Office applications Excel, Word & Outlook.

Pay: $85, $135,000.00 per year

Benefits:

  • 401(k)
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance

Education:

  • Bachelor's (Required)

Experience:

  • Reinsurance or Insurance: 5 years (Required)

Language:

  • other languages (Preferred)

Ability to Commute:

  • Florham Park, NJ Required)

Work Location: In person

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