Director, Reinsurance Underwriting

About the role

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees. The Director of Reinsurance Underwriting plays a crucial role in the growing reinsurance segment, supporting the evaluation and management of reinsurance transactions. This is a fast-paced and challenging position involving the screening and vetting of the transaction pipeline, assessing risk and reward balances, and assisting in the underwriting of both renewal and new transactions. The Director of Reinsurance Underwriting will collaborate with various teams to conduct in-depth analysis, setting up transaction models, review contracts, and assist in drafting transaction memos.

Responsibilities

• Collaborate with team to screen and vet risks.
• Set up and validate models to quantify risks and rewards.
• Conduct due diligence and research as necessary.
• Peer review other actuarial models to ensure quality and accuracy.
• Collaborate with the 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.
• Help review reserving assumptions for certain transactions.
• Help develop and enhance operations of selected new specialty insurance programs.
• Collaborate with Risk Management to improve reserving and ERM processes.
• Contribute to research initiatives aimed at identifying new lines of business.
• Stay updated on industry trends and provide insights to enhance business strategies.

Requirements

• Bachelor's degree in relevant fields such as Finance, Mathematics, Actuarial Science or Risk Management.
• 10+ years of experience in insurance or reinsurance underwriting, operations, actuarial, or other related fields.
• Experience in automobile insurance (either personal auto or commercial auto).