Director, Reinsurance Underwriting

Gainbridge; United States; On-site; USD 170,000 - 200,000; Full time

Benefits offered by this job

Health insurance

Dental and Vision coverage

Life Insurance and Disability

Job summary

Group 1001 Insurance is seeking a senior actuarial professional to lead risk screening, model validation, and due diligence for reinsurance transactions. You will collaborate with cross-functional teams, draft memos, and contribute to reserving and ERM improvements.

You will leverage actuarial principles and advanced analytics to assess risk, pricing methods, and new business opportunities while staying current on industry trends.

Qualifications

• Bachelor's degree in Finance, Mathematics, Actuarial Science or Risk Management.
• 10+ years in insurance/reinsurance underwriting, operations, actuarial, or related fields.
• Experience in automobile insurance a plus; P&C insurance or reinsurance preferred.
• Proficiency with Microsoft Office; Excel, Word, PowerPoint.

Responsibilities

• Screen and vet risks in collaboration with the team.
• Set up and validate models to quantify risks and rewards.
• Conduct due diligence and research as necessary.
• Peer review actuarial models for quality and accuracy.
• Draft comprehensive transaction memos for reinsurance transactions.
• Summarize information, risks and recommended actions for decision-making.
• Assist in reviewing contracts and trust agreements related to reinsurance.
• Review reserving assumptions for certain transactions.
• Help develop and enhance operations of new specialty insurance programs.
• Collaborate to improve reserving and ERM processes.
• Contribute to research initiatives for new lines of business.
• Stay updated on industry trends to inform business strategy.

Skills

Analytical thinking

Communication skills

Collaboration

Prioritization & time management

Curiosity & learning mindset

Risk assessment

Education

Bachelor's degree in Finance/Mathematics/Actuarial Science/Risk Management

Tools

Excel

Word

PowerPoint

Job description

Why This Role Matters

Group 1001 is a consumer‑centric, technology‑driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can‑do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

How You'll Contribute

• Collaborate with team to screen and vet risks.
• Set up and validate models to quantify risks and rewards.
• Conduct due diligence and research as necessary.
• Peer review other actuarial models to ensure quality and accuracy.
• Collaborate with the team to draft comprehensive transaction memos for reinsurance transactions.
• Summarize key information, risks, and recommended actions for decision‑making.
• Assist in the review of contracts and trust agreements related to reinsurance transactions.
• Help review reserving assumptions for certain transactions.
• Help develop and enhance operations of selected new specialty insurance programs.
• Collaborate with Risk Management to improve reserving and ERM processes.
• Contribute to research initiatives aimed at identifying new lines of business.
• Stay updated on industry trends and provide insights to enhance business strategies.

What We're Looking for

• Bachelor's degree in relevant fields such as Finance, Mathematics, Actuarial Science or Risk Management.
• 10+ years of experience in insurance or reinsurance underwriting, operations, actuarial, or other related fields.
• Experience in automobile insurance a plus (either personal auto or commercial auto).
• Experience within property & casualty insurance or reinsurance is preferred.
• Proficiency in Microsoft Office Suite, particularly Excel, Word, and PowerPoint.
• Strong analytical skills with the ability to evaluate complex data and make informed decisions.
• Experience with Python or R a plus.
• Knowledge of actuarial principles and practices, including risk assessment and pricing methodologies.
• Excellent communication skills, both verbal and written, with the ability to articulate complex concepts clearly and concisely.
• Strong interpersonal skills and the ability to collaborate effectively with cross‑functional teams.
• Ability to prioritize tasks, manage time efficiently, and work effectively in a fast‑paced environment.
• Adaptability and willingness to learn, with a proactive approach to professional development.
• A curious and highly analytical mindset to effectively support risk assessment and risk underwriting.

Compensation

Our compensation reflects the cost of labor across several U.S. geographic markets. The total compensation for this position ranges from $170,000/year in our lowest geographic market up to $200,000/year in our highest geographic market. Pay is based on a number of factors including market location and may vary depending on job‑related knowledge, skills, and experience.

Benefits Highlights

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long‑Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs - no enrollment is required.
• Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

Group 1001 Insurance Benefits

Employees are our number one asset. We provide a comprehensive benefits package that goes beyond the basics to support employees through many of life’s personal and professional milestones.

Diversity

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high‑performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

#LI-LG1 Grow Your Career at Group 1001 Insurance

We are a company that aims to shape the world around us. We don’t simply talk about change, we create it - empowering people and communities through sports, education, innovation, and access to financial products and services. Group 1001 Insurance is an integrated, technology‑driven financial services and insurance group that combines product innovation with digital accessibility. With annuity products and insurance that create and protect a strong future for all, we help individuals and businesses thrive. Through our education and sports partnerships, we empower communities. Because when we invest in growth for all, we invest in a better world. If you’re ready to make an impact and help us build a better future, you’re in the right place!