VP, Underwriting

RenaissanceRe Holdings Ltd.; Zürich; On-site; CHF 150,000 - 210,000; Full time

Job summary

RenaissanceRe Holdings Ltd. in Zürich seeks an AVP/VP Underwriter to lead analysis and underwriting of assumed risks within the global credit portfolio, with emphasis on Europe.

The role requires credibility across internal and external stakeholders and may involve mentoring junior underwriters. Candidates should have a strong background in Asset-Backed Lending, European Surety, Political Risk, and related credit markets, with 7+ years in finance and excellent communication skills.

Qualifications

• A college or university degree required.
• At least 7 years' experience in the financial industry.
• Experience in Credit Bond and Political Risk markets preferred.
• Experience analyzing & underwriting credit risk exposures.
• Excellent problem-solving and data management skills.
• Excellent written and verbal communications; strong interpersonal skills.

Responsibilities

• Contribute to development of a profitable book of business; handle day-to-day underwriting and client relationships.
• Enhance and maintain client relationships; communicate underwriting requirements and negotiate terms.
• Inform on market trends for lines of business and report on portfolio.
• Maintain expertise to serve as a resource for clients and staff.
• Identify and drive marketing synergies by developing creative client solutions.
• Maximize use of RenRe risk and underwriting tools and analytics; support risk culture.

Skills

Credit underwriting

Credit risk analysis

Financial industry experience

Risk modeling

Communication skills

Interpersonal skills

Team collaboration

Education

Bachelor's degree

Job description

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

POSITION SUMMARY:

The AVP/VP, Underwriter is responsible for the analysis and underwriting of assumed risks within the global credit portfolio. This individual will have a strong understanding of Credit market with particular focus in Europe.Underlying classes of understanding include Asset-Backed Lending, European Surety (Commercial & Contract), Political Risk, Project Finance, Commercial loans and Whole Turnover Trade Credit. This individual will need to garner credibility for this expertise both inside and outside the organization. They may also act as a trainer, leader and/or manager of risk analysts or junior underwriters.

PRINCIPAL ACCOUNTABILITIES:

• Contribute to the development of a profitable book of business. Handle day-to-day transaction underwriting, structuring, building/maintaining client relationships, reporting on portfolio to internal/external stakeholders, and accounting.
• Enhance and maintain mutually beneficial client relationships. Communicate underwriting requirements and philosophies. Obtain supplemental underwriting information, analyze and interpret coverages, and negotiate final terms.
• Inform on market trends for line of business and report on assigned lines of business portfolio.
• Maintain a high level of expertise and product knowledge to serve as a resource for clients and staff.
• Identify, design, and drive marketing synergies, by developing creative solutions to client problems.
• Maximize use of RenRe risk and underwriting tools and analytics; enhance the risk management culture within the team.
• Investigate, evaluate and make recommendations for improvements to current and new risk models, changes to proprietary models and implement new models to enable improved analyses, reporting, manipulation of data and workflow. Interpret and challenge model results.
• Proactively research and explore new business opportunities and client/broker relationships.
• May manage, mentor, train and develop junior talent.
• Maintain ongoing, self-directed professional development.
• Prioritize expense management.

EXPECTED COMPETENCIES:

• A college or university degree required.
• A minimum of 7 years' experience in the financial industry.Experience in the Credit Bond and Political Risk market, preferred.
• Experience analyzing & underwriting credit risk exposures.
• Excellent problem-solving skills along with superior data management skills.
• Excellent written and verbal communications skills.
• Strong interpersonal skills with the ability to communicate professionally at all levels of the organization as well as externally with key clients, brokers and vendors.
• Strong team player, proactive in collaborating across Credit UW and Operational supporting team

Travel required.

Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.

We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.