AVP, Underwriting

RenaissanceRe•Miami, FL

About The Position

The AVP Underwriting analyzes, models and provides underwriting recommendations for assumed and ceded Specialty risks. The role also develops modeling and exposure-capture systems to support the growth of Specialty Reinsurance. The position participates throughout the underwriting process, from initial broker contact through transaction recommendations. It uses third-party vendor models and proprietary tools to analyze deals and portfolios, evaluates model results, and contributes to the development of analytical tools and internal systems. The AVP also supports model and tool development projects, builds relationships with brokers and catastrophe model vendors, and helps train and mentor Risk Analysts, including through travel to overseas offices. RenaissanceRe describes its environment as fast-paced and collaborative, with a strong work ethic and results-oriented approach. The company offers competitive compensation and benefits, a talent development program, and a reward system in which employees share in company success. It also supports community engagement through employee matching, community grants and volunteerism, and states its commitment to diversity, equity, inclusion and equal opportunity.

Requirements

A university degree emphasizing science, engineering, economics, mathematical or statistical techniques, or simulation.
At least 3 years of experience in investment banking focused on financial institutions.
Extensive experience analyzing specialty and financial risk exposures using vendor models such as Bloomberg, Capital IQ and SNL, and proprietary tools.
Thorough knowledge of vendor models and demonstrated ability to critically evaluate complex model results and deconstruct vendor models.
Ability to work with complex risk systems.
Excellent mathematical, statistical and problem-solving skills, along with superior data management skills.
Strong computer skills, including advanced knowledge of Excel and SQL.

Nice To Haves

An advanced degree in sciences or an MBA.

Responsibilities

Provide analysis, modeling and underwriting recommendations for assumed primary and retrocession submissions, ceded transactions, capital market transactions and/or non-catastrophe risks.
Participate in the underwriting process from initial broker contact through underwriting recommendations on transactions.
Use third-party vendor models, proprietary tools and systems to extract, analyze and report information for deal and portfolio analyses; interpret and challenge model results.
Investigate, evaluate and advise on new risk models and changes to current models, and implement new models when necessary.
Contribute to designing and developing proprietary tools for improved analyses, reporting, data manipulation and workflow.
Provide management and business analyst support for internal model and tool development projects, liaising with underwriting and development teams to ensure tools meet business requirements.
Develop and manage relationships with brokers and catastrophe model vendors through regular interactions and meetings.
Assist in training, mentoring and developing Risk Analysts by providing guidance, sharing knowledge and traveling to overseas offices.