Underwriter Reinsurance-Credit & Surety North America

AXIS (AXIS Capital); Chicago (IL); Hybrid; USD 150,000 - 185,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter for their Reinsurance-Credit & Surety team. This pivotal role involves assessing cedent profitability, underwriting, and providing strategic recommendations to enhance the North America Surety Reinsurance portfolio. The ideal candidate will leverage their extensive experience in surety underwriting and financial analysis to drive success in a fast-paced environment. Join a company that values inclusivity and empowers its employees to thrive while contributing to a dynamic and ethical corporate culture.

Qualifications

• 5+ years of primary surety underwriting experience in contract or commercial surety.
• Advanced financial and credit analysis skills are essential.

Responsibilities

• Assess cedent’s surety portfolio using economic and credit analysis.
• Review reinsurance contracts and negotiate with brokers and clients.

Skills

Financial Analysis

Credit Analysis

Communication Skills

Negotiation Skills

Risk Management

Education

Bachelor's Degree in Finance or related field

Job description

Join to apply for the Underwriter Reinsurance-Credit & Surety North America role at AXIS (AXIS Capital)

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand out for our outstanding client service, intelligent risk taking, and superior risk-adjusted returns for our shareholders. We also maintain an entrepreneurial, disciplined, and ethical corporate culture. As a member of AXIS, you join a top industry team.

At AXIS, we believe our strength lies in our people. We foster an inclusive and welcoming culture where employees of all backgrounds feel comfortable and empowered to be themselves. We bring our whole selves to work.

All qualified applicants will receive consideration without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, disability, age, marital status, civil union status, family or parental status, or any other protected characteristic. Accommodation is available upon request during the selection process.

Role Contribution

This role is crucial in shaping our North America Surety Reinsurance portfolio. You will select and monitor cedents' profitability, collaborate with the department head, underwrite, price, and facilitate treaty bookings, impacting our operations significantly. Your tasks include auditing underwriting files, drafting findings, underwriting special acceptances, and providing strategic recommendations to steer our portfolio towards success.

Key Responsibilities

1. Combine economic, construction, and service industry knowledge with credit analysis to assess a cedent’s surety portfolio.
2. Review reinsurance contracts for compliance, consult legal, and negotiate with brokers and clients.
3. Conduct annual audits of cedent portfolios and credit files, analyze risks, and identify trends.
4. Assess and report findings, collaborating with actuaries on pricing and risk management.
5. Develop underwriting rationale for treaty participation levels based on data and risk profiles.
6. Prioritize tasks effectively during high-activity seasons.
7. Verify treaty details, pricing, and terms post-renewal with underwriting assistants.

Candidate Profile

We value your experience and expertise. While certain qualifications are preferred, we are open to discussing how your unique knowledge can contribute to our goals.

Minimum Requirements

• 5+ years of primary surety underwriting experience in contract or commercial surety.
• Advanced financial and credit analysis skills, excellent communication, and negotiation abilities.
• Understanding of accounting, cash flow, and construction management controls.
• Ability to work under high stress and prioritize in a fast-paced environment.

Preferred Qualifications

• Knowledge of surety claims, reinsurance, trade credit, or political risk underwriting.

Additional Role Factors

Willingness to travel extensively and work in-office 3 days per week.

Compensation & Benefits

Base salary ranges from $175k to $215k (NY), $140k to $170k (GA), $150k to $185k (IL). Compensation includes performance incentives and a comprehensive benefits package.

Job Details

• Seniority Level: Mid-Senior level
• Employment Type: Full-time
• Industry: Insurance
• Function: Finance and Sales