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Reinsurance Underwriting Associate
Group 1001Reinsurance Underwriting Associate at Group 1001 evaluating and managing reinsurance transactions. Collaborating with teams to conduct in-depth underwriting analysis and support operations.
About the role
Key responsibilities & impact- 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.
Requirements
What you’ll need- 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.
- Experience within insurance or reinsurance is preferred.
- 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.
- Familiarity with contract review and trust agreements related to reinsurance transactions a plus.
- 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.
Benefits
Comp & perks- Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
- Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
- Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
- All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.
- Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
underwritingrisk assessmentdata analysiscontract reviewpricing methodologiesdue diligencetransaction memosresearch initiativesoperations supportclaims processes
Soft Skills
analytical skillscommunication skillsinterpersonal skillscollaborationtime managementadaptabilityproactive approachcuriositydecision-makingproblem-solving