Reinsurance Jr. Underwriter

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 own 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:

Responsibilities:

− 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

underwriters.

− 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.

Requirements:

− Bachelor’s Degree required; 5 years minimum reinsurance or insurance industry Exp of which 3

years in underwriting.

− 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