Reinsurance Jr. Underwriter

Overview

Mapfre Re is one of the world’s leading reinsurance companies. Owned by the Mapfre Group, the company is part of an insurance/reinsurance legacy that originated in 1933. The company uses Madrid as the headquarters of a global network of reinsurance specialists.

The company views reinsurance, when backed by robust underwriting analysis, to be an integral part of a client-focused process. A process considers each transaction as opportunity not only to mitigate loss, but also to create value and facilitate mutually beneficial partnerships.

The company is seeking a focused individual who will provide technical and administrative support to the Underwriting function of the North American operation and is interested in developing a career as an underwriter.

Reinsurance Management Inc is a fully owned subsidiary of the MAPFRE Group. The position is based in Florham Park, New Jersey.

Please find below the links to MAPFRE Group and MAPFRE RE’s websites:

• Assist Underwriters in all facets of underwriting process.
• Process reinsurance submissions submitted by brokers into underwriting platform.
• Identify and extract critical data from these submissions and prepare technical worksheets for
• Prepare and scrub submission data and enter in experience and exposure rating tool.
• Use third party catastrophe modeling software, download modeling data, run cat model and enter results in technical worksheet.
• Review and analyze contract wordings.
• Create and maintain online/digital underwriting and contract files.
• Manage all new and renewal submission as they proceed throughout the workflow.
• Code and enter bound accounts into the premium system, cat model and upload contracts into
• online system.
• Produce reports for management and underwriters.
• Respond to queries from accounting and other internal departments.
• Assemble relevant information needed for client audits.
• Researching and answering inquiries from internal and external customers.
• Maintain marketing material and schedules for underwriter.
• Participate in broker / client meetings as required.
• Assist in projects as assigned.

• Bachelor’s Degree required; 5 years minimum reinsurance or insurance industry experience, of which 3
• The ideal candidate is well organized; is project management oriented; good mathematical, oral
• and written communication skills; is a thinker providing solutions; has a positive “can do” attitude;
• works well as an integral part of a collaborative team as well as independently; possesses a strong
• work ethic and is self-motivated.
• Strong competency in Microsoft Office applications Excel, Word & Outlook