Senior Builders Risk Underwriter — Facultative, Hybrid NYC

Transatlantic Holdings, Inc.; New York (NY); Hybrid; USD 150,000 - 200,000; Full time

Job summary

TransRe in New York City is seeking an experienced Senior Underwriter to establish and manage a new Builders Risk Facultative portfolio in the US. This role will liaise with the underwriting team for Engineering & Builders Risk in London to focus on the technical underwriting and daily management of the global portfolio.

The position is located in NYC with a hybrid schedule (3 days in the office, 2 days remote).

Qualifications

• 5–10 years of underwriting experience in (re)insurance, focused on Builders Risk.
• Proven experience underwriting Builders Risk with quota share placements.
• Experience managing an underwriting portfolio across buildings, infrastructure & power generation.
• Ability to build and maintain strong broker relationships.
• Ability to analyze and evaluate contract language and coverage.
• Autonomous decision making with ability to work in a global team.
• Strong understanding of cause-effect relationships of decisions.
• Strong interpersonal, communication, Excel and Word skills.
• Strong time management and organizational skills.

Responsibilities

• Selecting, pricing and underwriting facultative Builders Risk project business
• Demonstrating sound underwriting skills – determine appropriate coverage, terms, pricing, PML based on risk assessment and company guidelines
• Marketing brokers and clients across the US to establish a key distribution/relationship panel
• Representing TransRe in the US Builders Risk facultative market with brokers, cedents, and industry forums.
• Producing quarterly and annual reports as well as various departmental budgets
• Maintain accurate records and documentation for underwriting decisions
• Staying up to date on industry trends, construction practices, regulatory changes and policy form coverages

Skills

Interpersonal skills

Communication skills

Excel

Word

Time management

Organization

Broker relationship building

Autonomous decision making

Team player

Contract analysis

Job description

TransRe in New York City is seeking an experienced Senior Underwriter to establish and manage a new Builders Risk Facultative portfolio in the US. This role will liaise with the underwriting team for Engineering & Builders Risk in London to focus on the technical underwriting and daily management of the global portfolio.

The position is located in NYC with a hybrid schedule (3 days in the office, 2 days remote).