Property Facultative Senior Underwriter - Berk Re Fac

Gen Re; Chicago (IL); Remote; USD 106,000 - 178,000; Full time

Job summary

Join a leading reinsurance company as a Property Facultative Senior Underwriter, responsible for underwriting complex property deals and maintaining crucial broker relationships. This role offers both remote and office work options and requires a strong background in property underwriting with exceptional communication and organizational skills.

Qualifications

• Minimum 5 years of industry experience in property underwriting.
• Excellent communication and organizational skills.
• Ability to work within a remote team environment.

Responsibilities

• Underwrite shared and layered complex property deals from various clients.
• Develop and maintain broker relationships.
• Analyze market pricing and negotiate with brokers.

Skills

Communication

Interpersonal skills

Critical thinking

Organizational skills

Education

5+ years in property underwriting

Job description

Property Facultative Senior Underwriter - Berk Re Fac

Join to apply for the Property Facultative Senior Underwriter - Berk Re Fac role at Gen Re

Property Facultative Senior Underwriter - Berk Re Fac

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Join to apply for the Property Facultative Senior Underwriter - Berk Re Fac role at Gen Re

This range is provided by Gen Re. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$106,000.00/yr - $178,000.00/yr

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees 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 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.

We are currently offering an excellent opportunity for a Property Facultative Senior Underwriter on our Berkshire Re Facultative Team. This role can be performed remotely or in a local branch office if desired.

Role Description

Underwriting

• Underwriting shared and layered and complex property deals from various Multinational, Regional and Specialty clients.
  Understand standard risk coverages, policy forms, terms and conditions.
• Ability to learn various property lines of business (complex property, inland marine, power generation, petrochemical, boiler and machinery, etc.)
• Understand and use the various underwriting tools, utilizing technical referrals for calculating accurate technical premiums as appropriate.
• Provide concise and clear documentation, effectively highlighting the underwriting thought process.
  
• Ability to assess risk hazards and exposure, understanding the relationship between the Company risk appetites in relation to these.
  
• Knowledge of non-standard risk coverages, policy forms, terms and conditions is a plus.

Marketing

• Develop and maintain broker relationships and learn marketing behaviors by participating in broker visits and events.
  Understanding the differences between client markets and segmentations (E&S, specialty, middle market, large accounts, etc.)
• Analyze market pricing, current trends in terms and conditions, and implementation of value for value concepts.
  
• Effectively negotiate with brokers on pricing, terms and conditions, etc.
  

Related Activities

• Understand and follow corporate and departmental philosophies, rules and guidelines.
  
• Continuously and proactively improve skills and knowledge.
  
• Identify and prioritize opportunities in an efficient manner.

Role Qualifications and Experience

• 5+ years minimum industry experience in property underwriting (reinsurance experience preferred).
  
• Marketing and travel: 10%
  
• Excellent verbal and written communications skills.
  
• Superior interpersonal and critical thinking skills.
  
• Capacity to work within a remote team environment.
  
• Excellent organizational skills and attention to detail.

Salary Range

106,000.00 - 178,000.00 USD

The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.

Our Corporate Headquarters Address

General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)

At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Insurance

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