Lead Reinsurance Treaty Underwriter - Casualty

QBE Insurance Group • New York, NY

277d • $135,000 - $203,000 • Remote

About The Position

The Lead Reinsurance Treaty Underwriter - Casualty will execute underwriting of US Casualty treaty reinsurance business by leading business development, growth activities, and profitability of assigned portfolio. This role requires sound decision-making to underwrite a mix of Casualty treaty business that contributes to a diverse profitable Casualty portfolio. Responsibilities include new business production, renewal retention, and the overall profitability of the assigned portfolio. The position is based in New York City, NY, and follows a hybrid work arrangement (2-3 days in the office). The salary range for this role is between $135,000 - $203,000 depending on experience.

Requirements

• 5 years relevant experience in Casualty insurance/reinsurance.
• Bachelor's Degree or equivalent combination of education and work experience.
• Proficiency in Excel, Power Point, Word, and other Microsoft Office products.

Nice To Haves

• Knowledge and understanding of General Liability, Commercial Auto, and Umbrella Liability coverage.
• Familiarity with Treaty Contract language.
• General familiarity with Casualty rating and/or actuarial principles.
• Progression toward or receipt of professional designations including CPCU, ARe, or any actuarial exams.

Responsibilities

• Utilize Casualty insurance and reinsurance subject matter expertise to underwrite treaty reinsurance risks within assigned area of responsibility.
• Analyze existing and new submissions, reviewing company financials, loss, and exposure history to determine underwriting acceptability.
• Underwrite Casualty treaty reinsurance risks in accordance with the business plan and personal authority to meet business objectives.
• Negotiate rates, terms, and conditions for existing and new business.
• Manage production, review and issuance of contract documentation, and ensure compliance with internal and external regulations and guidelines.
• Participate in the review and analysis of the Casualty treaty portfolio to identify progress toward business objectives.
• Research and obtain market intelligence to enhance organizational profit goals.
• Comply with all legal and regulatory requirements to ensure obligations are met.
• Adhere to underwriting standards, instructions, and good practice to minimize risk and maximize efficiency.
• Contribute to recording and measurement of insurance risks to ensure accuracy and good practice.
• Establish and maintain relationships with brokers and cedants to understand their needs.
• Foster strong partnerships with cedants by informing them on new products and programs.
• Keep abreast of market dynamics and demonstrate market cycle awareness.
• Attend and participate in underwriting audits and presentations for new and renewal treaties.
• Contribute to assigned special projects by assisting with accounting reviews and participating in department product and process improvement initiatives.
• Contribute to a positive work environment by demonstrating cultural expectations and influencing others.

Benefits

• Hybrid Working - a mix of working from home and in the office.
• 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis.
• Competitive 401(k) program with company match up to 8%.
• Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice.
• Tuition Reimbursement for professional certifications and continuing education.
• Employee Network and Community - QBE actively supports six Employee Networks and many ways to give back to your community.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree