AVP, Property Treaty Reinsurance Underwriter

$121,000 - $182,000/Yr

QBE Insurance Group - New York, NY

Part-time - Mid Level

Remote - New York, NY

10,001+ employees

Insurance Carriers and Related Activities

About the position

The AVP, Property Reinsurance Underwriter position is a critical role responsible for the underwriting of property treaty excess of loss and proportional reinsurance. This position requires a strong focus on business development and growth activities to maintain a healthy portfolio. The successful candidate will be expected to make sound decisions in underwriting complex business, which is essential for contributing to a profitable portfolio. Key responsibilities include renewal retention, managing broker relationships, generating new business, and supporting clients in managing the overall profitability of assigned accounts. In this role, the underwriter will utilize their reinsurance subject matter expertise to analyze existing and new submissions, evaluate historical experience to determine underwriting acceptability, and review company financials. They will work independently and collaboratively with actuarial teams to establish pricing for coverage. The position also involves overseeing contract wording to address coverage issues and ensure that appropriate terms and conditions are established. Collaboration with senior department leaders is essential, as the underwriter will share specialized knowledge and recommend opportunities for improvement to influence strategy development. The underwriter will aggregate and monitor key exposure metrics, developing reports as required by senior department leaders. They will measure and optimize portfolio progress by reviewing and analyzing underwriting data, monitoring industry best practices, and identifying opportunities for continuous improvement. Participation in underwriting audits, client meetings, marketing initiatives, and budget planning will also be part of the responsibilities. Building and maintaining relationships with current and potential customers through networking and providing personalized customer service is crucial to maximizing the company brand. Additionally, the underwriter will promote adherence to the underwriting framework by communicating internal guidelines, regulatory and legal requirements, and reinsurance requirements to less experienced underwriters. They will support associates and participate in the review and analysis of the portfolio, contributing to internal meetings to share and develop strategy, knowledge, and best practices.

Responsibilities

• Underwrite insurance risks by analyzing existing and new submissions and evaluating historical experience.
• Work independently and with actuarial teams to establish pricing for coverage.
• Oversee contract wording to review coverage issues and ensure appropriate terms and conditions are established.
• Collaborate with senior department leaders to share specialized knowledge and recommend opportunities for improvement.
• Aggregate and monitor key exposure metrics and develop reports as required by senior department leaders.
• Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices.
• Participate in underwriting audits, client meetings, marketing initiatives, and budget planning as requested by senior department leaders.
• Build and maintain relationships with current and potential customers through networking and providing personalized customer service.
• Promote adherence to the underwriting framework by communicating internal guidelines and regulatory requirements to less experienced underwriters.
• Optimize department operations by supporting associates and participating in internal meetings.

Requirements

• Bachelor's Degree or equivalent combination of education and work experience.
• 7 years relevant experience.

Nice-to-haves

• Understand market trends and current organizational strategies.
• Collaborate with key stakeholders.
• Build and maintain professional networks.
• Communicate information in a clear, well-organized, and professional manner.
• Ability to adjust plans, goals, actions, and priorities to meet changing situations.
• Ability to analyze statistics and develop presentations using Microsoft Office products.
• Drive for stakeholder success.
• Build and capitalize on beneficial internal and external relationships.
• Effectively present logic, reasoning, and analysis to others.
• Win concessions without damaging relationships.
• Complete tasks attentively and thoroughly.
• Foster and promote collaboration and teamwork.

Benefits

• Comprehensive medical, dental, vision, and wellbeing benefits.
• Competitive 401(k) contribution.
• Paid-time off program.
• Paid-family and caregiver leaves.
• Eligibility for annual discretionary bonus plan based on business and individual performance.
• Opportunity for hybrid work arrangements.