Senior Reinsurance Underwriting Executive

Ryan Specialty; Summit (NJ); On-site; USD 212,000 - 265,000; Full time

Job summary

Ryan Specialty seeks an Executive Reinsurance Underwriter in Summit, NJ to provide strategic direction on high-level underwriting decisions, shaping coverage terms and pricing for the reinsurance portfolio. You will lead business development and drive growth, ensuring profitability and market positioning while aligning with corporate objectives.

You will oversee regulatory compliance, set strategic objectives with senior management, review proposals, and manage renewals, while driving innovation

Qualifications

• Bachelor’s degree required; Master’s degree preferred; Statistics, Economics and Risk Management preferred.
• 12+ years of experience in Reinsurance Underwriting.
• State P&C and/or surplus line licenses required.
• ARE or ARM certification is a plus.

Responsibilities

• Delivers profitable growth through effective risk selection, premiums, coverage, and remediation strategies for Reinsurance business.
• Makes high-level underwriting decisions for complex reinsurance coverage, setting overarching terms, conditions, and pricing strategies. Grows reinsurance business with sourcing, underwriting, and execution of assumed reinsurance business through other channels.
• Provides strategic direction and ensures the reinsurance underwriting practices comply with evolving regulatory requirements and industry standards and oversees the entire portfolio.
• Partners with senior management to set clear objectives and strategies, manages annual budget process and assists in strategic matters relevant to the overall direction of the portfolio.
• Reviews reinsurance proposals, ensures accuracy and completeness of information, and conducts due diligence on the cedent's underwriting practices.
• Underwrites reinsurance policy renewals, considering changes in risk factors, market conditions, and cedent performance.
• Evaluates risks associated with reinsurance proposals, considering factors such as the cedent's portfolio, underwriting guidelines, and exposure limits.
• Develops the annual plan, conducts in-depth strategic market analysis, and provides insights into emerging trends, opportunities, and potential threats.
• Drives innovation in reinsurance underwriting practices, exploring, and implementing new methodologies, technologies, and approaches to enhance competitiveness and efficiency.
• Manages relationships with key clients, brokers, and industry partners, ensuring the organization is positioned as a key player in the reinsurance market.
• Leads crisis management efforts related to significant reinsurance events, developing, and implementing strategic risk mitigation plans to safeguard the organization's financial stability.
• Prepares and presents strategic reports on reinsurance activities, performance metrics, and market trends to the executive leadership, offering insights and strategic recommendations.
• Coaches the reinsurance underwriting staff, identifies and adopts technologies and analytical tools that enhance the efficiency and capabilities of the reinsurance underwriting function.

Skills

Underwriting leadership

Strategic risk assessment

Client relationship management

Education

Bachelor's degree

Master's degree preferred

ARE/ARM certification a plus

Job description

Ryan Specialty seeks an Executive Reinsurance Underwriter in Summit, NJ to provide strategic direction on high-level underwriting decisions, shaping coverage terms and pricing for the reinsurance portfolio. You will lead business development and drive growth, ensuring profitability and market positioning while aligning with corporate objectives.

You will oversee regulatory compliance, set strategic objectives with senior management, review proposals, and manage renewals, while driving innovation