Treaty/Program Casualty Underwriter

  • 33998
  • Non-Life - Underwriting
  • |
  • New Jersey, United States
  • |
  • Jul 30, 2018
Reinsurance
RESPONSIBILITIES
  • Develop Line of Business and Product strategies.
  • Profitably underwrite Casualty Treaty submissions in support of client/broker strategies and in accordance with department underwriting guidelines/ philosophy and underwriting authority to produce desired profitability. Determine pricing, terms and conditions, including the design of the treaty structure and provide responsive and expert decisions on Special Acceptances.
  • Provide guidance and peer reviews, as necessary, on most complex, non-standard treaty concepts or covered risk categories.
  • Assume responsibility for development of the pricing to meet hurdles established by senior management.
  • Provide input on client strategy to Client Manager and, where appropriate, input on broker strategy to Broker Manager.
  • Provide guidance and direction on portfolio development and management consistent with corporate risk appetite to Client Manager.
  • Monitor and analyze account experience and provide Client Manager with guidance on any emerging issues.
  • Actively support Client Manager/Client Executive in quote process by participating in presentations and negotiation of quotes.
  • Provide input and support to broker manager in development of market and product development in conjunction with innovation group where appropriate.
  • Develop enhanced technical product and underwriting expertise with respect to primary insurance market and products.
  • Conduct and direct audits on accounts and take active role in Client visits conducted in support of broader marketing strategy set by client manager.
  • Review contract and endorsement wording to insure accuracy and compliance with corporate requirements.
  • Support, training and quality assurance as requested for other Casualty Underwriters.
  • As directed, serve on “ad hoc” and other committees to provide input and assistance to management.
  • Work collaboratively with colleagues in other functional areas and across the group, share knowledge by participating in line of business monitoring and product development activities.
  • Assist in projects related to the development and implementation of underwriting strategy for Property lines.
QUALIFICATIONS
  • Bachelor’s degree in Business, Actuarial Science, Mathematics, Economics or related field and/or equivalent work experience.
  • 15+ years of Insurance and/or Reinsurance Treaty underwriting or actuarial pricing experience.
  • Able to play a key role in the presentation & negotiation of the most complex treaties with the broker/ clients’ highest levels of management.
  • In-depth knowledge of insurance and reinsurance principles and procedures.
  • Strong Project Management skills.
  • Familiarity with accounting, finance and actuarial concepts.
  • Experience with Primary Insurance and non-traditional products.
  • Ability to explain complex transaction structures to both technical and non-technical audiences at all levels.
  • Expert presentation skills.
  • Expert risk selection skills.
  • Expert communication and negotiation skills.
  • Expert knowledge of reinsurance contract wording.
  • Entrepreneurial spirit.
  • Team player.
  • Willingness to travel.