Underwriter (Property Facultative)

Gen Re; Madrid; Presencial; EUR 40.000 - 80.000; Jornada completa

Descripción de la vacante

A leading global reinsurance company is seeking a Property Facultative Underwriter to join its Madrid branch. The role involves marketing, underwriting, and managing client relationships within a collaborative international team. Ideal candidates will have significant experience in property insurance underwriting, strong communication skills, and be fluent in Spanish and English.

Formación

• Experience in property insurance underwriting is essential.
• 5+ years in client-facing positions with broker interaction.
• Knowledge of the Spanish market is desirable.

Responsabilidades

• Grow a profitable portfolio of property excess of loss business.
• Underwrite and price individual risk and programme facultative reinsurance.
• Develop and maintain relationships with clients.

Conocimientos

Communication

Critical thinking

Data manipulation

Teamwork

Entrepreneurship

Descripción del empleo

General Re Corporation, a subsidiary of, is a holding company for global reinsurance and related operations, with more than 2,000employees worldwide.It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life / Health and Property / Casualty insurance industries. Represented in all major reinsurance markets through a network of,we have earned superior financial strength ratings from each of the major rating agencies.

General Reinsurance, Madrid Branch (a subsidiary of General ReinsuranceAG) is offering an excellent opportunity for Property Facultative Underwriter .

Main Purpose of Role

The role holder will be responsible for marketing, sourcing new business, handling of accounts, underwriting and transacting facultative business.

Context of Role

The role offers the opportunity to work within a highly experienced team with a large portfolio of clients. The successful candidate will be empowered to make underwriting decisions with considerable underwriting authority and corresponding responsibility and accountability.

We offer a continuing variety of tasks; underwriting authority, developing specialised expertise in a line of business, class of business, or with a specific client. The role holder will be the principal relationship manager for designated clients and will negotiate the transfer of risk, pricing and terms directly with the client.

Key Responsibilities

• Grow a profitable portfolio of property excess of loss business
• Underwrite and price individual risk and programme facultative reinsurance, with adherence to departmental underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards
• Understand market pricing and market terms and conditions
• Demonstrate a deep knowledge of :
• Contracts and policy forms
• Terms and conditions
• Topical underwriting issues
• Directly communicate / negotiate terms and conditions with clients

Client Account management

• Develop and maintain relationships with clients at the underwriting and management level
• Understand treaty structures and facultative reinsurance buying patterns
• Assume responsibility for assigned client relationship, including development and implementation of marketing plans
• Actively seek new business opportunities within existing relationships and within the wider insurance market
• Demonstrate awareness of broader industry issues and trends

Teamwork

• As appropriate, seek out / provide a quality second head on facultative risk transactions
• Ensure teamwork within client, branch, cross-branch, cross-unit or project teams by contributing to a positive, supportive and disciplined environment
• Participating in and contribute to training and coaching initiatives

Running the Business

• Participating in branch planning in support of department goals
• Understanding and utilising diagnostic reports, providing insights to colleagues
• Ongoing information sharing and interaction with property facultative colleagues and other corporate departments
• Endeavouring to continuously improve departmental processes
• Coordinating, participating in and leading various special projects for the branc

Qualifications & Experience

This role would suit a suit an energetic, forward-thinking, team player with experience in property insurance. The ideal candidate will enjoy working in collaborative international teams. With excellent communication and interpersonal skills, the candidate will thrive in the environment of client interaction. In addition, the following qualifications and attributes are desirable :

• Experience in property insurance underwriting is essential
• 5+ years in client facing positions with broker interaction.
• Knowledge of the Spanish market.
• Strong verbal and written communications skills.
• Good communication skills with the ability to work effectively with people from all areas of the business.
• Critical thinking skills.
• Ability to extract and manipulate data proficiently.
• High degree of energy / tenacity.
• Entrepreneurship and sense of ownership.
• Spanish and English language proficiency essential.
• Accepting responsibility and accountability;
• Demonstrating a strong work ethic and a sense of urgency.
• Continuously improve own skills;
• Demonstrating organisational efficiency and time management skills;

Closing Date

31 January 2025