Reinsurance and Portfolio Underwriter
About The Position
The Reinsurance and Portfolio Underwriter is responsible for underwriting and monitoring assumed reinsurance transactions, program and MGA business, and providing underwriting diligence on strategic initiatives in support of the Reinsurance and Portfolio Management department. This role operates with broad scope across multiple underwriting workstreams rather than a single fixed book, and requires the ability to evaluate risk quality and make sound underwriting decisions across unfamiliar lines and deal structures with minimal lead time. This role allows the Partner Programs and Ceded Reinsurance teams to remain focused on their core relationship and portfolio responsibilities by absorbing time-sensitive underwriting evaluation work as it arises.
Requirements
- 10+ years of P&C underwriting experience, spanning both property and casualty lines
- Bachelor's degree required
- Demonstrated ability to underwrite unfamiliar lines of business and deal structures with minimal ramp-up time
- Demonstrated ability to operate independently without a fixed book or single line of accountability
- Strong analytical judgment for evaluating risk quality in non-standard or unfamiliar structures
Nice To Haves
- Reinsurance underwriting experience, including assumed treaty or facultative business
- Program or MGA underwriting experience, including evaluation of delegated underwriting authority
- Experience working with underwriting data and analytical tools
Responsibilities
- Evaluate and underwrite assumed reinsurance transactions sourced directly or through reinsurance intermediaries.
- Monitor and report on assumed reinsurance portfolio performance, identifying emerging risk and performance trends.
- Underwrite business produced through program administrators and MGAs.
- Evaluate underwriting guidelines, appetite, binding authority terms, and rate adequacy.
- Monitor and report on book performance on an ongoing basis, managing the relationship with program administrators and MGAs against agreed parameters.
- Provide underwriting judgment and risk assessment support on strategic initiatives, including partnerships, investments, and acquisitions.
- Assess the quality and risk profile of a target's book of business as part of due diligence.
- Assess the marginal fit and contribution of new business to the overall portfolio.
- Support work across both Owned and Partner Programs teams as needed, based on project requirements.
Benefits
- Multiple medical plans to choose from
- 100% employer covered dental & vision plans for our team members and their families
- 401(k)-retirement plan
- short & long-term disability
- employer-paid life insurance
- Flexible Spending Accounts (FSA) for health and dependent care
- Employee Assistance Program (EAP)
- Equity compensation
- Training and internal career growth opportunities
- Flexible Time Off
- 12 weeks of parental leave for primary and secondary caregivers
- Snacks and drinks available
- Catered lunches for onsite employees
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What This Job Offers
Job Type
Full-time
Career Level
Senior
