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

This opportunity is accountable for underwriting of property treaty excess of loss and proportional reinsurance. The role will also involve business development and growth activities necessary for sustaining a healthy portfolio. The successful candidate will apply sound decision-making to underwrite complex business that contributes to a profitable portfolio. Responsibilities include renewal retention, broker relationship management, new business generation, and support of clients in managing the overall profitability of assigned accounts. The primary responsibilities of this position include utilizing reinsurance subject matter expertise to underwrite insurance risks by analyzing existing and new submissions, evaluating historical experience to determine underwriting acceptability, and reviewing company financials. The candidate will apply their expertise to work both independently and with actuarial teams to establish pricing for coverage. Additionally, overseeing contract wording to review coverage issues and ensure appropriate terms and conditions are established is crucial. Collaboration with senior department leaders is essential, as the candidate will share specialized knowledge and recommend opportunities for improvement to influence strategy development. The role also involves aggregating and monitoring key exposure and metrics and developing reports as required by senior department leaders. The candidate will measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement. Participation in underwriting audits, client meetings, marketing initiatives, and budget planning as requested by senior department leaders is expected. Building and maintaining relationships with current and potential customers through networking and providing personalized and quality customer service is vital to maximize the company brand. The candidate will promote adherence to the underwriting framework by communicating internal guidelines, regulatory and legal requirements, and reinsurance requirements to less experienced underwriters, demonstrating the adoption of good practices to ensure compliance and minimize risk. Finally, optimizing department operations by supporting associates and participating in the review and analysis of the portfolio is also part of the role.

Responsibilities

• Utilize reinsurance subject matter expertise to underwrite insurance risks by analyzing existing and new submissions, evaluating historical experience to determine underwriting acceptability, and reviewing company financials.
• Apply subject matter expertise to work both independently and with actuarial 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 by sharing specialized knowledge and recommending opportunities for improvement to influence strategy development.
• Aggregate and monitor key exposure and 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 to identify opportunities for continuous improvement.
• Participate in underwriting audits, client meetings, marketing initiatives, budget planning as requested by senior department leaders.
• Build and maintain relationships with current and potential customers by networking and providing personalized and quality customer service to share and clarify information and maximize company brand.
• Promote adherence to the underwriting framework by communicating internal guidelines, regulatory and legal requirements, and reinsurance requirements to less experienced underwriters and demonstrating adoption of good practices to ensure compliance and minimize risk.
• Optimize department operations by supporting associates and participating in the review and analysis of the portfolio and participating in internal meetings as required to share and develop strategy, knowledge, and best practices.

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 and prepare presentations using Microsoft Office products.
• Drive for stakeholder success.
• Build and capitalize on beneficial internal and external relationships.
• Effectively and efficiently 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.
• Annual discretionary bonus plan based on business and individual performance.
• Opportunity for hybrid work arrangements.