AVP, Underwriter Credit

RenaissanceRe; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading reinsurance company in Greater London is seeking an AVP Underwriter. In this role, you will assist in writing specialty insurance portfolios and execute strategies for underwriting. The ideal candidate will have 3-4 years of experience in specialty reinsurance, strong analytical and communication skills, and the ability to work with complex risk systems. Come join our collaborative and entrepreneurial culture where your contributions are recognized and valued.

Benefits

Competitive compensation

Comprehensive talent development program

Generous employee matching program

Qualifications

• 3-4 years experience in specialty reinsurance.
• Understanding of portfolio management.
• Excellent mathematical and statistical skills.

Responsibilities

• Assist the lead underwriters in executing the specialty underwriting strategy.
• Identify opportunities to optimize the specialty portfolio.
• Assist with credit monitoring on existing deals.

Skills

Analytical problem-solving skills

Strong communication skills

Advanced Excel knowledge

Risk management

Relationship management

Presentation skills

Leadership experience

Education

College or university 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 Underwriter markets analyses underwrites models and serves (re)insurance products to help our company achieve corporate profitability and growth goals.

You will assist in writing a book of specialty insurance portfolios via our various London and UK balance sheets.

RESPONSIBILITIES INCLUDE :

• Assist the lead underwriters in executing the specialty underwriting strategy for 1458 RREAG UK / Zurich and the wider global portfolio.
• Identify opportunities to optimize the specialty portfolio and cultivate relationships with existing and prospective business partners.
• Assist in the collection and analysis of data for (but not limited to) the following :

Reinsurance submission

• SBF submission
• PRA stress testing
• RDS (both Lloyds and internal)
• Aggregation monitoring
• Accumulations Monitoring
• Assist lead underwriters in on‑site auditing of clients.
• Responsible for accurate representation of deals in REMS.
• Assist with credit monitoring on existing deals.
• Responsible for first cut of SSE type documents.
• Triage of new deals.
• Provide input into European strategy setting.

QUALIFICATIONS SKILLS & EXPERIENCE :

• A College or university degree is required with 3‑4 years experience of specialty reinsurance through broking, underwriting, claims, actuarial or other related classes.
• An understanding of portfolio management. Experience with portfolio management and some experience of outwards RI.
• Analytical problem‑solving and decision‑making skills and identifies alternative solutions.
• Well‑developed knowledge of general insurance business including primary and reinsurance underwriting and claims accounting actuarial and information practices and principles.
• Knowledge of catastrophe models and an ability to critically evaluate complex model results and deconstruct the vendor models.
• The ability to work with complex risk systems.
• Excellent mathematical and statistical skills along with data management skills.
• Advanced knowledge of Excel.
• Act courageously. Make unpopular decisions in the best interests of the company.
• Strong communication and collaboration skills at all levels of the organization and with external stakeholders (clients, brokers, vendors).
• Receptive to new ideas.
• Demonstrate social relationship building and negotiation skills.
• Demonstrate sensitivity and respect cultural differences.
• 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.

Key Skills

Presentation Skills, Risk Management, Financial Services, IFRS, Banking, Pricing, Analysis Skills, Securities Law, Investment Banking, Relationship Management, Strategic Planning, Leadership Experience

Employment Type : Full‑Time

Experience : years

Vacancy : 1