Senior Reinsurance Underwriter

Socket.dev; Schaumburg (IL); Hybrid; USD 115,000 - 140,000; Full time

Job summary

AmericanAg® is seeking a Senior Reinsurance Underwriter in Schaumburg, IL for a hybrid role with in-office work a minimum of three days weekly and 20-30% travel. You will lead portfolio analysis, build client relationships, and guide treaty terms and renewal strategies to drive profitable growth.

The role requires a bachelor’s degree, 3+ years of P&C reinsurance experience, and relevant professional designations. Proficiency with MS Office and data tools like Power BI is expected.

Qualifications

• Bachelor’s degree required.
• 3+ years of property and casualty reinsurance experience.
• ARe, CPCU or equivalent designation preferred.
• Knowledge of property and casualty treaty and facultative reinsurance.
• Strong written, verbal, presentation and relationship-building skills.
• Ability to manage priorities independently and with teams.

Responsibilities

• Develop and maintain underwriting view of each ceding portfolio with profitability, pricing trends, concentrations and data quality.
• Engage with ceding companies to build and maintain strong relationships with underwriting teams and leadership.
• Translate portfolio findings into practical recommendations on treaty terms, retentions, referrals and renewal strategy.
• Improve portfolio performance by analyzing treaty and facultative results and identifying trends and risks.
• Conduct underwriting audits and clearly communicate findings to client teams and leadership.
• Collaborate with clients and partners during reviews, renewals and other interactions to address portfolio challenges.
• Support thought leadership and represent the organization at events and industry activities.

Skills

Reinsurance underwriting

Portfolio analytics

Client relationship management

Communication

Attention to detail

Education

Bachelor’s degree

ARe/CPCU designation

Tools

Power BI

Excel

PowerPoint

Word

Job description

AmericanAg®, a global provider of diversified reinsurance services, is looking for a Senior Reinsurance Underwriter to work out of our office in Schaumburg, Illinois. This is a hybrid position working in the office a minimum of three days a week. Travel for this position will be 20-30%.

The Senior Reinsurance Underwriter role sits at the center of our portfolio underwriting work, with the visibility, client relationships, and latitude to make a real mark on the book of business. If you have reinsurance experience, with underwriting experience strongly preferred, and understand what it takes to build and manage a profitable, sustainable portfolio, this is a great opportunity to make a real impact.

The Senior Reinsurance Underwriter will be responsible for:

• Developing and maintaining a comprehensive underwriting view of each ceding company’s portfolio through quantitative and qualitative analysis, including profitability, pricing, loss trends, concentrations, underwriting practices, emerging risks, and data quality
• Proactive engagement with our ceding companies to build and maintain strong, trusted relationships with their underwriting teams and leadership through regular engagement, open communication, and a thorough understanding of their business needs, priorities, and portfolio challenges
• Translating portfolio findings into practical recommendations on treaty terms, retentions, authority, referrals, facultative use, and renewal strategy to address client challenges and support profitable, sustainable growth
• Improving portfolio performance by analyzing treaty and facultative results, evaluating individual risks and referrals, identifying emerging trends and issues, and providing practical underwriting guidance
• Conducting underwriting audits and clearly communicating findings and recommendations to client underwriting teams and leadership
• Collaborating closely with clients and internal and external partners through underwriting reviews, renewal discussions, and other interactions to address portfolio challenges, share insights, and support client retention and development
• Supporting thought leadership and representing the organization through presentations, white papers, industry events, networking, and other opportunities that strengthen our position as a trusted reinsurance partner

What is required for this role:

• Bachelor’s degree
• 3+ years of property and casualty reinsurance experience, with direct reinsurance underwriting experience strongly preferred
• Multiline treaty reinsurance or primary insurance underwriting experience, including experience with portfolio analytics
• Associate in Reinsurance (ARe), Chartered Property Casualty Underwriter (CPCU), or another relevant professional designation
• Knowledge of property and casualty treaty and facultative reinsurance, with the ability to independently evaluate complex underwriting matters and portfolio performance
• Excellent written, verbal, presentation, and relationship-development skills, with the confidence to engage regularly with clients and support retention and marketing efforts
• Sound judgment, accountability, attention to detail, and the ability to manage priorities independently and collaboratively
• Proficiency with Microsoft Suite products, including Power BI, Excel, PowerPoint, and Word

The expected starting salary range for this position is between $115,000 and $140,000. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. This position is also eligible for an annual productivity bonus.

We do not sponsor employment visas and are unable to take over an employment visa from another employer. Applicants must be authorized to work in the U.S. for ANY employer without the need for employment visa sponsorship.

Who We Are

Since 1948, AmericanAg® has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at aaic.com

Reasons to Consider AmericanAg®

At AmericanAg®, you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential.

AmericanAg® participates in E-Verify. Learn more about applicant rights under Federal Employment Laws.