P&C Facultative Underwriter

Swiss Re; Bogotá ciudad; On-site; COP 149,021,000 - 248,369,000; Full time

Job summary

Swiss Re in Colombia seeks a P&C Facultative Underwriter with 3+ years in property re/insurance underwriting to support profitable growth across the Andean Region. You will underwrite, price, and structure facultative reinsurance while collaborating with clients, brokers, and regional experts.

Responsibilities include identifying new opportunities, building broker relationships, reviewing wordings with legal, assessing risk, monitoring market trends, and ensuring adherence to underwriting

Qualifications

• 3+ years in Property re/insurance underwriting (Casualty a plus).
• Experience in facultative underwriting and in commercial risk underwriting.

Responsibilities

• Contribute to execution of facultative underwriting strategy for the Andean Region.
• Identify and develop new facultative business opportunities with brokers and clients.
• Build and maintain strong relationships with brokers and cedents, providing value-added solutions and excellent client service.
• Analyze insurance and reinsurance wordings with legal and contract specialists.
• Assess risks and evaluate pricing, terms, conditions, and deployed capacity per guidelines.
• Originate, structure, negotiate, and underwrite profitable facultative reinsurance transactions.
• Monitor market trends and regulatory developments affecting the business.

Skills

Property underwriting

Facultative underwriting

Client relationship management

Pricing methodologies

Regulatory environment knowledge

Analytical skills

Bilingual Spanish/English

Job description

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We are seeking a talented P&C Facultative Underwriter to support the profitable growth and development of our facultative reinsurance portfolio across the Andean Region. In this role, you will contribute to underwriting, client relationship management, portfolio development, and business origination activities across Property and Casualty lines.

Working closely with clients, brokers, cross-functional teams, and regional underwriting experts, you will help deliver innovative solutions while maintaining underwriting discipline and ensuring alignment with company underwriting guidelines, risk appetite, and profitability objectives. The territorial scope includes Colombia, Ecuador, Peru, Bolivia, and Chile.

Key Responsibilities

• Contribute to the execution of the Property & Casualty Facultative underwriting strategy for the Andean Region.
• Identify and develop new facultative business opportunities with brokers and clients.
• Build and maintain strong relationships with key brokers and cedents, focusing on providing value-added solutions and excellent client service.
• Analyze insurance and reinsurance contract wordings in collaboration with legal and contract wording specialists.
• Assess risks and evaluate pricing adequacy, terms, conditions, structures, and deployed capacity in accordance with underwriting guidelines.
• Perform underwriting activities including risk evaluation, costing, documentation, system entries, and file management.
• Originate, structure, negotiate, and underwrite profitable facultative reinsurance transactions.
• Monitor market trends, competitive developments, and emerging risk factors affecting Property and Casualty business.
• Follow regulatory developments and assess potential impacts on clients, portfolios, and underwriting strategies.
• Collaborate with local and regional experts to strengthen product expertise and support business growth initiatives.
• Contribute to portfolio monitoring activities and support achievement of profitability and growth objectives.
• Promote best underwriting practices, compliance standards, and operational excellence.
• Represent the company in client meetings, industry events, and strategic market engagements
• Collaborate with cross-functional teams to deliver comprehensive solutions to clients.

About the Team

We are a client-centric and results-oriented team with underwriting and origination roles, where drive, collaboration, and passion are key pillars. We are well embedded in and part of Swiss Re's landscape of cross-functional teams serving clients and markets in an entrepreneurial and comprehensive fashion.

About You

• Proven experience of 3 + years in Property re/insurance underwriting (experience in Casualty is a plus)
• Experience in facultative underwriting, insurance, reinsurance, or commercial risk underwriting.
• Knowledge of Property products (knowledge of Casualty products is a plus)
• Understanding of insurance and reinsurance contract structures.
• Knowledge of underwriting, pricing methodologies, and risk assessment.
• Understanding of the insurance regulatory environment within the Andean Region is preferred.
• Strong analytical and negotiation skills.
• Client-oriented mindset with strong relationship management capabilities.
• Fluency in Spanish and English, additional languages appreciated.

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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