Property Facultative Underwriter

Swiss Re•Chicago, IL

7d•$108,000 - $174,000•Hybrid

About The Position

This role involves evaluating and underwriting property accounts across various industries within defined authority and with appropriate collaboration. The Property Facultative Underwriter will use sophisticated modeling tools and technical underwriting judgment to develop reinsurance solutions that meet client needs while supporting overall portfolio performance. The team underwrites all commercial property accounts in the US via both broker and direct channels, offering exposure to diverse clients, industry classes, insurance perils, and layer structures, including both proportional and non-proportional placements. The role utilizes state-of-the-art proprietary modeling tools for fire and natural catastrophe exposures to develop creative reinsurance solutions.

Requirements

Bachelor's Degree, concentration in Insurance or Risk Management is a plus
4–8 years of relevant commercial property experience in primary or reinsurance underwriting, retail broking, or facultative broking
Working knowledge of insurance modeling and conceptual understanding of rating tools and underwriting systems
Experience with the U.S. property insurance market
Adept decision-making skills
Strong marketing and relationship-building skills, with the ability to serve as a trusted market representative, develop strategic broker and client partnerships, and drive sustainable business growth.

Nice To Haves

Ability to work independently or within a team environment as needs arise
Positive demeanor with a high degree of motivation and proven collaborative behavior
Flexibility for business travel as needed

Responsibilities

Assess and underwrite risks for a wide range of industries, such as offices, schools, public entities, manufacturing, warehousing, and other sectors within the SME and Middle Market segments.
Exercise sound judgment in a collaborative environment, working directly with clients and brokers to address reinsurance needs while supporting improvement of our facultative portfolio.
Manage portfolio risk with support from data-driven tools that provide clarity on exposure aggregations and pricing metrics.
Build and nurture relationships with internal and external business partners, engaging clients to understand and meet their specific needs.
Contribute to marketing strategies in collaboration with colleagues, building key relationships in your region while gaining exposure to broader national and international channels.
Support the execution of business strategy across a diverse national customer and broker network, in partnership with regional and product colleagues.
Support efficiency improvements by helping optimize existing processes and adopting new tools.