Senior Property Facultative Underwriter
This position is available in our New York, NY or Chicago, IL office.
About the role
As a member of the Property Facultative team, the Underwriter will be a key driver of the business through fostering relationships with new and existing clients.
Responsibilities
- Production underwriting of Facultative certificate and program business with an emphasis on Direct placements
- Generating new business opportunities from prospective Direct client companies
- Extensively marketing with an emphasis on building individual underwriter relationships
- Travelling domestically for marketing and audits up to 30% of the time
- Support Facultative team in Chicago as needed on new and renewal business submissions
Requirements
- 5-10 years of Property Facultative Reinsurance underwriting experience (primary E&S will be considered)
- Self-Starter with ability to work in collaborative virtual team environment
- Solid understanding of primary insurance underwriting concepts including rate adequacy, line setting procedures, analysis of Probable Maximum Loss and Maximum Foreseeable Loss
- Strong knowledge of their regional market and proven track record of marketing to clients
- Ability to manage a high submission count
- Experience working in a paperless environment
- Extensive knowledge of Catastrophe exposure analysis including RMS and AIR Catastrophe modeling platforms
- CPCU and/or Are classes or other insurance studies preferred
- Proficient in Excel
Schedule
This position is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote. TransRe supports an agile work schedule, which may differ based on individual roles, local office practices, marketplace trends, and business objectives.
Pay
The anticipated annual base salary range in New York for this position is $150,000 – $200,000, exclusive of benefits, paid time off, and incentive pay opportunity. The actual base salary offered will be determined based on the applicant’s specific skill set and level of experience.
Benefits
TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity.