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Property Treaty Underwriter

Company: Swiss Re
Location: Armonk
Posted on: November 22, 2021

Job Description:

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

About the Role

Swiss Re's Property Treaty Underwriters support the Property Hub in producing profitable treaty business, in conjunction with the Client Markets team. They bring strong underwriting thought and leadership into the client cross-functional teams, ensuring a high quality of underwriting and analytical expertise. Property Treaty Underwriters evaluate individual deal and portfolio-level metrics, help with innovative product development, and, in cooperation with the Client Market team, ensure that Swiss Re's technical capabilities and value-added services are leveraged sensibly.

The level of this role can be an Assistant Vice President (Treaty Underwriter) or a Vice President (Senior Treaty Underwriter) and will be based on the incumbents professional qualifications and experience.

Leadership

  • Drives the execution of Americas Property strategy within the various client cross-functional teams
  • Leads and develops junior underwriters to provide high-quality underwriting and analytical services and differentiated solutions to best serve client's needs
  • Represents and positions Swiss Re as a strong Property player within his/her market segment
  • Builds and fosters a collaborative team spirit, shapes culture of consultative sales, innovative solution creation and smart business origination

    Underwriting
    • Demonstrates a deep understanding of reinsurance pricing, risk selection and underwriting practice (including risk management, industry assessment, client risk appetite and rating methodologies).
    • Utilizes expertise and mathematical knowledge in combination with underwriting judgment and tool knowledge to analyze data, do advanced risk assessments which are used to calculate a realistic expected loss
    • Demonstrates a solid understanding of contract /policy wording and applies this knowledge to analyze and interpret the structure and contents of (re)insurance contracts and has ability to review and challenge contract clauses based on underwriting and market knowledge
    • Understands, identifies and monitors property (re-) insurance market trends, risk landscape and regulatory developments that may affect Swiss Re's property business
    • Ensures compliance with underwriting guidelines and manages the process of risk analysis, structuring and capacity deployment
    • Develops new ideas and innovative products and supports product development initiatives which address client's needs
    • Effectively and efficiently manages large transactions and projects to ensure the desired return and realization of defined project benefits (outputs and outcomes) within the given constraints of time, cost, scope, and quality
    • Represents Swiss Re at industry events and with clients by demonstrating deep knowledge on important market and industry topics.

      Client Services
      • Establishes strong relationships with clients, and brings client focused thinking to cross-functional teams
      • Provides product support and services to clients in collaboration with Client market team

        Risk Management/Planning
        • Supports the Head of Property Underwriting in performing underwriting data quality checks
        • Ensures SOX compliance and contributes to the SOX process for underwriting activities
        • Contributes to all relevant Desk- and Hub-level report generation and deal-specific reporting requirements
        • Provides input (Loss Ratios, rate level changes, etc) to the planning process
        • Provides input to Client Markets business plan

          Training and Development
          • Helps recruit, train, and nurture superior underwriting talent
          • Continues to upgrade his/her underwriting, analytical and sales skills

            About You

            • A Bachelor's degree from an accredited college.
            • Minimum 5+ years of insurance/reinsurance experience with focus on technical underwriting, pricing and/or Cat modeling
            • Strong mathematical and analytical capabilities
            • Prior experience working with vendor Cat models such as RMS, AIR, or KatRisk
            • Strong corporate finance knowledge and financial acumen
            • Ability to identify and accommodate different points of view, form networks of positive business relationships and ensure consensus-building
            • Proven ability to make decisions utilizing sound judgment
            • Strong problem recognition and solving skills
            • Profound consultative sales skills
            • Has a passion to perform by stepping up and taking personal responsibility and inspiring others through enthusiasm and commitment
            • Strong results orientation
            • Proven strong presentation skills
            • Strong verbal and written communication skills
            • Ability to travel

              Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

              During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

              Keywords:
              Reference Code: 108766

Keywords: Swiss Re, Stamford , Property Treaty Underwriter, Other , Armonk, Connecticut

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