Senior Property Facultative Underwriter

TransRe; New York (NY); Hybrid; USD 150,000 - 200,000; Full time

Job summary

TransRe is seeking an experienced Property Facultative Underwriter for our New York City, NY or Chicago, IL offices. You will drive key business through direct client relationships, underwriting Facultative certificates and program business, and actively market to prospective clients.

The role requires 5–10 years of underwriting experience, strong catastrophe exposure knowledge (RMS/AIR), and a proven ability to manage a high submission count in a paperless environment.

Qualifications

• 5–10 years of Property Facultative Reinsurance underwriting experience (primary E&S also considered).
• Self-starter with ability to work in a collaborative virtual team environment.
• Strong understanding of underwriting concepts including rate adequacy, line setting, PML and FMPL analysis.
• Proven track record of marketing to clients and building relations.
• Experience traveling domestically up to 30%.
• Proficient in Excel and data analysis.

Responsibilities

• Underwrite Facultative certificate and program business with emphasis on Direct placements.
• Generate new business opportunities from prospective Direct client companies.
• Extensively market to build individual underwriter relationships.
• Travel domestically for marketing and audits up to 30% of the time.
• Support Facultative team in Chicago on new and renewal submissions.

Skills

Underwriting

Excel

Catastrophe modeling

Relationship building

Independent work

Education

CPCU or ARE/insurance studies

Tools

RMS

AIR Catastrophe modeling

Job description

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.