Reinsurance Underwriting Associate

Group 1001•Stamford, CT

19h•Hybrid

About The Position

The Reinsurance Underwriting Associate plays a crucial role in the underwriting process, supporting the evaluation and management of reinsurance transactions. This position involves assisting in the development of relationships with brokers and cedants, assisting in the screening and vetting of the transaction pipeline, and assisting in the underwriting of both renewal and new transactions. The Underwriting Associate will collaborate with various teams to conduct in-depth underwriting analysis, review contracts, and assist in drafting transaction memos. The successful candidate will possess strong analytical skills, risk mind-set, and effective communication abilities to excel in this dynamic and challenging role. This position requires working in the Stamford office two days a week.

Requirements

Bachelor's degree in relevant fields such as Finance, Business Administration, Actuarial Science or Risk Management.
Minimum of 3 years of experience in underwriting, operations, actuarial, or other related fields.
Proficiency in Microsoft Office Suite, particularly Excel, Word, and PowerPoint.
Strong analytical skills with the ability to evaluate complex data and make informed decisions.
Knowledge of underwriting principles and practices, including risk assessment and pricing methodologies.
Excellent communication skills, both verbal and written, with the ability to articulate complex concepts clearly and concisely.
Strong interpersonal skills and the ability to collaborate effectively with cross-functional teams.
Ability to prioritize tasks, manage time efficiently, and work effectively in a fast-paced environment.
Adaptability and willingness to learn, with a proactive approach to professional development.
A curious and highly analytical mindset to effectively support risk assessment and risk underwriting.

Nice To Haves

Experience within insurance or reinsurance is preferred.
Familiarity with contract review and trust agreements related to reinsurance transactions a plus.

Responsibilities

Organize submission intake.
Work closely with the underwriting team to gather necessary information and assess risk factors.
Collaborate with senior underwriters to evaluate and assess risks.
Conduct due diligence and research as necessary.
Collaborate with the actuarial team to draft comprehensive transaction memos for reinsurance transactions.
Summarize key information, risks, and recommended actions for decision-making.
Assist in the review of contracts and trust agreements related to reinsurance transactions.
Provide support in operations, surveillance, and claims processes as needed.
Help cultivate and maintain certain relationships with brokers and cedants to enhance business partnerships.
Support the initial screening and underwriting process for new transactions.
Collaborate with relevant teams to address and resolve issues in a timely manner.
Contribute to research initiatives aimed at identifying new lines of business.
Stay updated on industry trends and provide insights to enhance business strategies.