Property Facultative Senior Underwriter - Berk Re Fac

Faraday; Ridgeway (CT); Remote; USD 106,000 - 178,000; Full time

Job summary

A leading company in the reinsurance sector is seeking a Property Facultative Senior Underwriter to join their Berkshire Re Facultative Team. The role involves underwriting complex property deals and developing broker relationships, with flexibility for remote work. Ideal candidates will possess strong communication and organizational skills and have over 5 years of experience in property underwriting.

Qualifications

• 5+ years minimum industry experience in property underwriting.
• Experience with reinsurance preferred.
• Capacity to work within a remote team environment.

Responsibilities

• Underwrite shared and layered complex property deals.
• Analyze market pricing and trends for effective negotiation with brokers.
• Develop and maintain broker relationships through visits and events.

Skills

Excellent verbal and written communication skills

Superior interpersonal skills

Critical thinking skills

Organizational skills

Attention to detail

Job description

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 2,000employees 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 of38 offices,we have earned superior financial strength ratings from each of the major rating agencies.

We are currently offeringan excellent opportunity for a Property Facultative Senior Underwriter on ourBerkshire Re Facultative Team. This rolecan be performed remotely or in a local branch office if desired.

Role Description

Underwriting

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

Marketing

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

Related Activities

• Understand and follow corporate and departmentalphilosophies, rules and guidelines.
  
• Continuously and proactively improve skills andknowledge.
  
• Identify and prioritize opportunities in an efficientmanner.

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 todetail.

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.