Swiss Re - Armonk, NY

posted 4 months ago

Full-time - Mid Level
Armonk, NY
10,001+ employees
Insurance Carriers and Related Activities

About the position

In this role, you will be responsible for underwriting reinsurance treaty business across all casualty lines, including general liability, auto liability, workers compensation, and excess/umbrella liability, with minimal exposure to professional lines. The position is open to candidates with both insurance and reinsurance experience. You will actively engage with clients and brokers, as well as collaborate with internal colleagues from various departments such as client markets, actuarial, claims, reserving, contracts, and structuring. Your job activities will include making underwriting decisions within your authority levels and supporting the escalation of treaties that exceed your authority in accordance with referral guidelines. You will need to effectively communicate your underwriting assessments of treaties to cross-functional deal teams and senior management in a clear, cohesive, and succinct manner. Working closely with actuaries, you will need to understand and summarize the drivers of year-over-year loss pick changes. Proactively initiating discussions with clients to understand their portfolio, identify their motivations, needs, and priorities will be crucial. You will develop appropriate reinsurance solutions that leverage the full range of Swiss Re capabilities, coordinate deal strategy, and recommend treaty terms and conditions, including reinsurance contract reviews. Building and maintaining professional relationships with external clients, brokers, and internal stakeholders is essential, as is the ability to provide market insights to these stakeholders. You will also perform underwriting audits and other client visits as required, with travel expectations of up to 20%. Participation in Swiss Re initiatives, projects, and cross-functional teams will be part of your responsibilities, as well as helping to recruit, train, and develop team members as needed.

Responsibilities

  • Make underwriting decisions within authority levels and support the escalation of treaties exceeding authority in accordance with referral guidelines.
  • Effectively communicate underwriting assessment of treaties to cross-functional deal teams and senior management in a clear, cohesive, and succinct manner.
  • Work closely with actuaries, understanding and summarizing the drivers of year-over-year loss pick changes.
  • Proactively initiate discussions with clients to understand their portfolio, identify their motivations, needs, and priorities.
  • Develop appropriate reinsurance solutions that leverage the full range of Swiss Re capabilities.
  • Coordinate deal strategy and recommend treaty terms and conditions including reinsurance contract review.
  • Build and maintain professional relationships with external clients, brokers, and internal stakeholders.
  • Provide market insights to internal and external stakeholders.
  • Perform underwriting audits and other client visits as required.
  • Participate in Swiss Re initiatives, projects, and cross-functional teams.
  • Help recruit, train, and develop team members as needed.

Requirements

  • At least 8 years of experience in reinsurance or primary pricing or reserving for Casualty lines of business.
  • Bachelor's degree; an advanced degree and/or insurance designations are preferred.
  • An area of expertise related to pricing/underwriting a line or class of business.
  • Ability and desire to work effectively in a team-oriented environment in a collaborative and open manner.
  • Natural desire and curiosity to continually learn and self-develop.

Benefits

  • Competitive salary based on experience and location.
  • Total compensation approach considering base pay, short- and long-term incentives, and benefits offered.
  • Opportunities for professional development and career growth.
  • Flexible work environment with options for remote work.
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