Property Program Underwriter, Consultant - Reinsurance and Alternative Risk Transfer

NBMBAA; Austin, Northern (TX, KY); On-site; USD 110,000 - 150,000; Full time

Job summary

National Black MBA Association in Austin seeks a consultant to analyze complex risk and underwrite Programs, balancing customer needs with business goals. You will lead in underwriting, price, terms, and endorsements while collaborating with program managers and brokers.

You will mentor the underwriting team, develop new program opportunities, and implement loss control strategies. Strong analytical and communication skills are required for success in this role.

Qualifications

• Experience analyzing complex programs and risk.
• Strong analytical and decision-making abilities.
• Ability to train and mentor underwriting staff.

Responsibilities

• Serves as the primary underwriting lead for assigned programs with authority to make independent underwriting and portfolio management decisions within delegated authority levels.
• Drives the sales and underwriting relationship for Programs products and services; develops strategic underwriting plans and achieves performance goals.
• Analyzes program manager relationships and results; identifies new business opportunities and provides corrective actions as needed.
• Reviews complex risks and accepts/declines business based on underwriting information; determines endorsements and exclusions.
• Engages with reinsurers; prepares data for reinsurer presentations and maintains relationships.
• Develops and implements underwriting guidelines, rates, forms, and procedures; supports department policies and methodologies.
• Collaborates with business partners to implement program tools and ensure updates are communicated to stakeholders.

Job description

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Job Description Summary

Are you a problem solver who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to know more about you!

Job Description

As a consultant, you'll be responsible for reviewing and analyzing numerous, highly complex Programs. You'll underwrite individual risk for acceptability, pricing, coverage, terms and conditions. You'll lead in the development and integration of new and existing programs and identify new program opportunities. You will participate in making reinsurance decisions; assist in developing and implementing loss control and risk management strategies. You'll collaborate between business partners for development and implementation of program specific tools (i. e. underwriting guidelines, forms/rate filings, etc) for new programs or modifications to existing programs. You'll communicate program updates to program managers and other business liaisons. In order to succeed, you will need to build and maintain effective relationships with internal business liaisons, external program managers, and brokers. You will be responsible for the training and mentoring of underwriting team members.

Key Responsibilities

• Serves as the primary underwriting lead for assigned programs with authority to make independent underwriting and portfolio management decisions within delegated authority levels.
• Drives the sales and underwriting relationship for Programs products and services. Develops, recommends, and executes strategic underwriting plans for programs and is accountable for achieving targeted performance outcomes. Provides business forecasting related to trends, and profitability within Program vertical. Responsible for achieving established goals for assigned programs.
• Analyzes program manager relationships/results and recommends corrective actions if necessary. Understands business needs and identifies new business opportunities.
• Reviews complex individual risks, programs, or referrals within assigned territory from program managers and declines or accepts business based upon information necessary to make the decision. Risks could be guaranteed cost, quota share, shared and layered, multinational or have alternative arrangements in place that make them unique. Acts as a subject matter expert in analyzing exposures to losses; develops adequate premium charge for the exposure. Determines appropriate endorsements and exclusions to address loss exposures for the insurance contract.
• Actively engages in discussions with reinsurers per department guidelines verifying the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance. Responsible for compiling data to be provided for reinsurers presentations. Maintains good working relationships with re‑insurers.
• Develops and implements underwriting guidelines, rates, forms, product endorsements and procedures. Assists in the development of department policies and underwriting and standard methodologies.
• Interacts with various business partners (