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AVP Property Underwriter, Treaty

PartnerRe

AVP Property Underwriter, Treaty

Stamford, CT
Full Time
Paid
  • Responsibilities

    Job Description

    About this job:

    In this role you will be a critical component to building and maintaining a best in class property reinsurance portfolio for a top rated reinsurer. On a day to day basis you will work with senior underwriters to produce a diverse book of property treaty business. This will include both analytical work inside the office and marketing with cedants and brokers outside the office. This role is part of a highly collaborative team in which decisions are made in an efficient and dynamic operating environment.

    Accountabilities:

    • Assist with the underwriting of a book of commercial property treaty business. Underlying business is focused on the leading commercial property carriers (both admitted and non-admitted) along with niche carriers in the space .This will involve increasing responsibility over time and taking ownership of key clients.
    • Responsible for working and collaborating with colleagues internationally.
    • Conduct data analyses of historic internal and external data to inform underwriting strategy and appetite.
    • Conduct extensive reviews and analyses of treaty reinsurance opportunities, including underwriting audits, cedant visits and industry conferences.
    • Develop and maintain strong relationships with clients and reinsurance brokers to cultivate continuous flow of treaty reinsurance opportunities.
    • Work in close collaboration with the actuarial, finance and claims teams to analyze and structure reinsurance programs.
    • Travel as required to meet with clients and brokers, attendconduct client reviews, and attend industry conferences. Plan on ~2x per month travel of 1-2 days.
    • Coordinate with department manager on the development and execution of the production and sales process including planning, marketing, operating routines, and portfolio monitoring.
    • Negotiate with brokers on new and renewal business and involve senior management in the process as needed.

    ​​​​​​​ Product Knowledge and Policy Command

    • Ability to understand and assess market trends.
    • Knowledge of and able to assess property policy language.
    • Understanding of basic Property underwriting concepts such as COPE, PML, and catastrophe modeling terminology.
    • Understanding of the US-domestic insurance marketplace, including the distribution dynamics between retail and wholesale carriers.
  • Qualifications

    Qualifications

    About you:

    • Strong interpersonal skills; able to engage clients, brokers and colleagues atond gain their trust as partner and collaborator.
    • An analytical/inquisative mindset with strong technical skills, able to make quantitative and qualitative assessments of risk
    • Ability to produce and work with system-generated reports.
    • Comfort in work effectively both independently and as part of a team.
    • Good verbal and written communication skills.
    • A willingness to share one’s point of view and take ownership.
    • Ability to prioritize and multi-task.
    • Strong work ethic and a desire to succeed.
    • Unquestionable professional integrity.

    Education and Further Requirements:

    • A college or university degree is required.
    • CPCU, ARE or other industry designations are preferred.
    • A minimum of 5 years of experience in underwriting roles in the insurance industry and/or in the reinsurance brokerage sector.
    • Working knowledge of actuarial / catastrophe modeling concepts.
    • A strong grasp of policy forms and pricing schemes. The individual should also understand the role and impact of claims, actuarial, accounting, and finance in the underwriting process.
    • Strong Excel and data analytics skills.

    Additional Information

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    PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.

    Thank you,

    PartnerRe Hiring Team