Underwriter Reinsurance-Credit & Surety North America

Axis Capital; New York (NY); Hybrid; USD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking company as a Surety Underwriter, where your expertise will shape the future of the North America Surety Reinsurance portfolio. In this pivotal role, you will select and monitor cedents, ensuring profitable decisions that enhance financial strength. Collaborate with a dedicated team to audit underwriting files, provide strategic recommendations, and influence the acceptance of deals. This dynamic environment offers the opportunity to make a tangible impact while enjoying a comprehensive benefits package, including medical, wellness, and tuition reimbursement. If you're ready to contribute to a culture of excellence, this role is for you.

Benefits

Medical Insurance

Wellness Programs

Retirement Plan

Tuition Reimbursement

Paid Vacation

Qualifications

• 5+ years of primary surety underwriting experience required.
• Advanced financial and credit analysis skills are essential.

Responsibilities

• Review reinsurance contract treaty wording and negotiate terms.
• Perform annual underwriting file audits and analyze risk selection.
• Collaborate with actuaries to determine treaty pricing.

Skills

Surety Underwriting

Financial Analysis

Communication Skills

Negotiation Skills

Risk Assessment

Education

Bachelor's Degree in Finance or Related Field

Job description

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.

How does this role contribute to our collective success?

This role is pivotal in shaping the future of our North America Surety Reinsurance portfolio. By meticulously selecting and monitoring the profitability of cedents, you ensure that every decision drives AXIS towards greater financial strength. Collaborating closely with the Head of the department, you'll underwrite, price, and facilitate the seamless booking of each treaty, making a tangible impact on our operations.

Your expertise will shine as you audit cedent underwriting files, uncovering insights and drafting comprehensive findings. You'll underwrite special acceptances and provide strategic recommendations, influencing the acceptance or declination of individual deals. Your contributions will be instrumental in steering our portfolio towards sustained success and profitability.

What will you do in this role?

• Review reinsurance contract treaty wording for adherence to industry and AXIS standards, consult with legal staff, and negotiate with brokers and clients.
• Perform annual underwriting file audits, review credit files, and analyze risk selection for consistency and detail.
• Assess and report findings, identifying trends over time.
• Collaborate with actuaries to determine treaty pricing relative to risk profiles.
• Develop underwriting rationale to recommend treaty participation levels based on data and risk characteristics.
• Prioritize tasks effectively in a fast-paced environment during high activity seasons.
• Verify treaty details, pricing, and deal terms post-renewal with underwriting assistants.
• Perform additional duties as appropriate to the role.

About You :

We encourage you to bring your own experience and expertise. While certain qualifications are preferred, we are open to discussing how your individual knowledge can contribute to this role and our goals.

What you need to have :

• 5+ years of primary surety underwriting experience.
• Advanced financial and credit analysis skills.
• Excellent written and verbal communication skills.
• Strong negotiation skills.
• Understanding of accounting, cash flow analysis, and construction management controls.

What we prefer you to have :

• Prior knowledge of surety claims practices.
• Experience in surety reinsurance, Trade Credit, or political risk underwriting.

Role Factors :

• Willingness to travel extensively.
• Presence in the office 3 days per week.

What we offer :

Base salary ranges vary by location, with additional incentive compensation, comprehensive benefits, and perks such as medical, wellness, retirement, tuition reimbursement, and paid vacation. This role in the U.S. is Exempt under FLSA.