Senior Property Facultative Underwriter

TransRe; Chicago (IL); Hybrid; USD 150,000 - 200,000; Full time

Job summary

TransRe in New York City or Chicago is seeking a Property Facultative Underwriter to drive new business through direct placements and to strengthen client relationships.

You will underwrite Facultative certificates and programs, assess risk, and collaborate with the team across offices; travel domestically up to 30%.

Qualifications

• 5–10 years of Property Facultative reinsurance underwriting experience.
• Strong collaboration in a virtual team and client marketing.
• Knowledge of rate adequacy, line setting, and PML/LFL analysis.
• Proficient in Excel and software supporting underwriting.

Responsibilities

• Underwrite Facultative certificate and program business with Direct placements emphasis.
• Generate new business opportunities from prospective Direct clients.
• Market actively to build relationships with clients and brokers.
• Travel domestically up to 30% for marketing and audits.
• Support Chicago Facultative team on new and renewal submissions.

Skills

Self-Starter

Virtual Team Collaboration

Client relationship building

Underwriting knowledge

Education

CPCU or equivalent insurance studies preferred

Tools

RMS

AIR Catastrophe Modeling

Job description

About Us

Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:

Integrity Work honestly, to enhance TransRe's reputation

Respect Value all colleagues. Collaborate actively.

Performance We reward excellence. Be accountable, manage risk and deliver TransRe's strengths

Entrepreneurship Seize opportunities. Innovate for and with customers.

Customer Focus Anticipate their priorities. Exceed their expectations.

We have the following job opportunity in our New York, NY or Chicago, IL office:

Description

As a member of the Property Facultative team, the Underwriter will be a key driver of the business through fostering relationships with new and existing clients. Responsibilities will include, but not be limited to:

• Production underwriting of Facultative certificate and program business with an emphasis on Direct placements
• Generating new business opportunities from prospective Direct client companies
• Extensively marketing with an emphasis on building individual underwriter relationships
• Travelling domestically for marketing and audits up to 30% of the time
• Support Facultative team in Chicago as needed on new and renewal business submissions

Requirements

• 5-10 years of Property Facultative Reinsurance underwriting experience (primary E&S will be considered)
• Self-Starter with ability to work in collaborative virtual team environment
• Solid understanding of primary insurance underwriting concepts including rate adequacy, line setting procedures, analysis of Probable Maximum Loss and Maximum Foreseeable Loss
• Strong knowledge of their regional market and proven track record of marketing to clients
• Ability to manage a high submission count
• Experience working in a paperless environment
• Extensive knowledge of Catastrophe exposure analysis including RMS and AIR Catastrophe modeling platforms
• CPCU and/or Are classes or other insurance studies preferred
• Proficient in Excel

Work Schedule

TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office's practices and preferences marketplace trends, and TransRe's business objectives. This position is located in our New York City office and is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.

Compensation

In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $150,000 - $200,000. This range is an estimate and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.

We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.