Underwriter Reinsurance-Credit & Surety North America

AXIS (AXIS Capital); New York (NY); Hybrid; USD 175,000 - 215,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter for their North America Surety Reinsurance portfolio. In this pivotal role, you will leverage your expertise in surety underwriting and financial analysis to evaluate and monitor cedents, ensuring profitability and financial strength. Collaborating closely with department heads, you will negotiate treaty bookings, review contracts, and perform audits, all while contributing to a culture that values inclusivity and individual experience. This full-time opportunity offers a competitive salary, comprehensive benefits, and the chance to make a significant impact in a dynamic environment.

Benefits

Health Insurance

Retirement Plan

Tuition Reimbursement

Paid Time Off

Qualifications

• 5+ years of primary surety underwriting experience in contract or commercial surety.
• Advanced financial and credit analysis skills with excellent communication abilities.

Responsibilities

• Evaluate cedent’s surety portfolio using economic and credit analysis.
• Review reinsurance contracts and negotiate with brokers and clients.
• Collaborate with actuaries to set treaty pricing based on risk profiles.

Skills

Surety Underwriting

Financial Analysis

Credit Analysis

Negotiation Skills

Communication Skills

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 apart for our outstanding client service, intelligent risk taking, and superior risk-adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined, and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

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

Role Contribution

This role is pivotal in shaping the future of our North America Surety Reinsurance portfolio. You will select and monitor the profitability of cedents, ensuring decisions drive AXIS towards greater financial strength. Collaborating with the Head of the department, you'll underwrite, price, and facilitate treaty bookings, impacting our operations directly.

Key Responsibilities

1. Combine economic, construction, and service industry knowledge with credit analysis to evaluate a cedent’s surety portfolio.
2. Review reinsurance contract treaty wording for adherence to standards, consult legal, and negotiate with brokers and clients.
3. Perform annual underwriting file audits, review credit files, and analyze risk selection.
4. Assess overall portfolio and generate reports on findings and trends.
5. Collaborate with actuaries to set treaty pricing relative to risk profiles.
6. Create underwriting rationales for treaty participation levels based on data and risk characteristics.
7. Prioritize tasks effectively in a fast-paced environment, especially during peak seasons.
8. Verify treaty details, pricing, and terms after renewals with underwriting assistants.

Candidate Profile

We encourage candidates to bring their own experience and expertise. While qualifications are preferred, we value individual knowledge that 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, with excellent communication abilities.
• Strong negotiation skills to achieve mutually acceptable outcomes.
• Understanding of accounting, cash flow analysis, and construction management controls.
• Ability to communicate clearly and concisely, especially in negotiations.

Preferred Qualifications

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

Role Factors

Travel extensively and work in-office 3 days a week.

Compensation & Benefits

The salary range is approximately $175k-$215k in NY, with additional incentives and a comprehensive benefits package including health, retirement, tuition reimbursement, and paid time off.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance and Sales
• Industry: Insurance