AVP Property Underwriter, Treaty

Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

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Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success.

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Shape your own career

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Make an impact

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Job Description

About this job :

In this role you will be a critical component to building and maintaining a best in class property reinsurance portfolio for a top rated reinsurer.

On a day to day basis you will work with senior underwriters to produce a diverse book of property treaty business. This will include both analytical work inside the office and marketing with cedants and brokers outside the office.

This role is part of a highly collaborative team in which decisions are made in an efficient and dynamic operating environment.

Accountabilities :

Assist with the underwriting of a book of commercial property treaty business. Underlying business is focused on the leading commercial property carriers (both admitted and non-admitted) along with niche carriers in the space .

This will involve increasing responsibility over time and taking ownership of key clients.

• Responsible for working and collaborating with colleagues internationally.
• Conduct data analyses of historic internal and external data to inform underwriting strategy and appetite.
• Conduct extensive reviews and analyses of treaty reinsurance opportunities, including underwriting audits, cedant visits and industry conferences.
• Develop and maintain strong relationships with clients and reinsurance brokers to cultivate continuous flow of treaty reinsurance opportunities.
• Work in close collaboration with the actuarial, finance and claims teams to analyze and structure reinsurance programs.
• Travel as required to meet with clients and brokers, attendconduct client reviews, and attend industry conferences. Plan on 2x per month travel of 1-2 days.
• Coordinate with department manager on the development and execution of the production and sales process including planning, marketing, operating routines, and portfolio monitoring.
• Negotiate with brokers on new and renewal business and involve senior management in the process as needed.

Product Knowledge and Policy Command

• Ability to understand and assess market trends.
• Knowledge of and able to assess property policy language.
• Understanding of basic Property underwriting concepts such as COPE, PML, and catastrophe modeling terminology.
• Understanding of the US-domestic insurance marketplace, including the distribution dynamics between retail and wholesale carriers.

Qualifications

About you :

• Strong interpersonal skills; able to engage clients, brokers and colleagues atond gain their trust as partner and collaborator.
• An analytical / inquisative mindset with strong technical skills, able to make quantitative and qualitative assessments of risk
• Ability to produce and work with system-generated reports.
• Comfort in work effectively both independently and as part of a team.
• Good verbal and written communication skills.
• A willingness to share one's point of view and take ownership.
• Ability to prioritize and multi-task.
• Strong work ethic and a desire to succeed.
• Unquestionable professional integrity.

Education and Further Requirements :

• A college or university degree is required.
• CPCU, ARE or other industry designations are preferred.
• A minimum of 5 years of experience in underwriting roles in the insurance industry and / or in the reinsurance brokerage sector.
• Working knowledge of actuarial / catastrophe modeling concepts.
• A strong grasp of policy forms and pricing schemes. The individual should also understand the role and impact of claims, actuarial, accounting, and finance in the underwriting process.
• Strong Excel and data analytics skills.

Additional Information

LI-Hybrid

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best.

We invite you to learn more about D&I at PartnerRe.

Thank you,

PartnerRe Hiring Team