Flood Program Reinsurance Underwriter and Modeling Specialist

Assurant

2d•$74,600 - $124,700•Remote

About The Position

As the Flood Program Reinsurance Underwriter and Modeling Specialist, you will help drive the profitable growth of our private flood portfolio. You’ll collaborate with underwriters to evaluate and price flood policies within our risk framework, while partnering with actuarial and reinsurance teams to deliver key analytics and performance insights. You will also support the ongoing development of our private flood products by creating reporting and modeling tools, enhancing product strategy, and providing training and guidance to underwriters to promote consistency, quality, and data integrity.

Requirements

A minimum of 5 years of experience as a Business Analyst within the insurance industry.
Insurance modeling or underwriting experience is desired.
Advanced Excel experience and basic SQL knowledge.

Nice To Haves

SQL expertise is highly desired
Professional designations such as CPCU, ARe, ARM, or CIC
Experience with property catastrophe model pricing attributes
Working knowledge of excess & surplus lines statutes
Experience underwriting multi‑family housing and condominium associations
Ability to analyze structural integrity of high‑rise commercial buildings (experience preferred)
Strong communication skills and advanced proficiency in PowerPoint
Proven ability to build and maintain productive relationships with retail agencies; existing relationships with large commercial producers are a plus
Strong initiative, adaptability, critical‑thinking skills, and accountability in a fast‑paced, evolving environment
Solid understanding of company systems, products, and services, ensuring accurate and professional work deliverables

Responsibilities

Monitor the quality of the private flood portfolio and recommend targeted geographic caps and reinsurance coverage(s).
Assist the internal reinsurance buying team by providing underwriting guidelines, underwriting audits, and data to external reinsurance partners.
Liaison with teams of exposure modeling, actuarial, data analytics, and predictive modeling to continuously refine exposure, risk selection, and pricing.
Manage external audits and compliance requests.
Contribute to evaluation of internal and external datasets to improve risk selection.
Measure and monitor key performance metrics for the private flood program (quoting activity, quote to bind ratios, average premium) and recommend specific steps to meet target metrics.
Manage new business submission flow.
Provide direction to rating and operations group to develop quotes.
Train and mentor junior underwriters.
Track and audit underwriting decisions made by junior underwriters.
Constantly scan the private flood insurance market to provide market intelligence.
Leverage market intelligence to recommend program changes to ensure products and programs remain competitive with limited selection risk.
Collaborate with sales, underwriting, and operations teams to ensure client service objectives are met.
Contribute to underwriting automation efforts.
Provide insights on underwriting workflow and rating mechanism.
Work closely with management, actuarial, and reinsurance teams to set triggers and metrics that make sure our product continues to grow and maintains its modeled integrity.
Monitor program finance and exposure reporting and initiate underwriting corrections to be completed.
Assist in prospecting new business by developing relationships with the sales team and retail agencies.
Accompany sales team on agency visits as underwriting subject matter expert.
Assist with developing agency-specific value propositions.
Develop custom solutions that cater to customer needs and the external market environment while maintaining underwriting integrity.
Referral underwriter for large commercial and residential property schedules and complex flood risk.
Leverage flood map data, and structure-specific exposure information, develop PML and loss estimates, and use sound judgment in pricing complex and large schedules of properties.
Communicate with retail agents/brokers to obtain documentation for underwriting and pricing flood risk.