Senior Underwriter, Engineering & Construction Reinsurance

As a Senior Reinsurance Underwriter for Engineering , you will, under direction of the Manager and in accordance with established procedures and underwriting authority: underwrite and maintain/service profitable new and renewal business exercising self-supported judgment based on comprehensive analysis of reinsurance submissions including terms, conditions and coverage intent; increase our visibility and market share in the Engineering arena via targeted marketing activities;

be dedicated to maximizing the efficiency of the group and providing quality service to internal and external customers.

What will your essential responsibilities include?

• Underwrite terms and conditions of new and renewal engineering accounts by collecting, reviewing, and analyzing account information in line with risk appetite and technical assessment standards.
• Gain proficiency with internal pricing and modeling tools to establish appropriate pricing options for accounts across various structures within the engineering line of business.
• Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions as needed.
• Make presentations to senior management on larger or exceptional accounts, clearly articulating and supporting underwriting rationale and recommendations.
• Execute strategic underwriting plans aligned with premium, profitability, and service excellence objectives for the engineering portfolio.
• Effectively communicate with Underwriting , Actuarial, Legal, Accounting, and Underwriting Service Departments on issues such as pricing, contract wording, premium and loss bookings, and claims to ensure account profitability and compliance with corporate guidelines.
• Develop, maintain, and service a profitable engineering reinsurance book of business; participate in customer account renewal meetings, underwriting audits, and provide top-quality customer service to brokers and cedants.
• Analyze and assess facultative and facility engineering business submissions, including technical risk assessment, policy wording review, and negotiation with clients.
• Self-Supported analyze engineering treaty submissions, understand structures and exposures, formulate quotations and pricing, prepare underwriting approval documents, and ensure timely processing of slips and wordings.

Business Development:

• Work closely with management in executing strategies and business development activities, including identifying key brokers and markets, planning and participating in marketing activities/events with clients and brokers, and attending targeted industry conventions.
• Proactively generate new business opportunities by analyzing technical insurability, exposures, and coverage needs in the engineering sector.
• Play an important role in the growth and visibility of the engineering reinsurance team.

Collaboration:

• Collaborate effectively within a team environment, contributing to a high-performance culture in line with department and business unit goals.
• Work closely with Actuarial, Client Advocacy, Market Leaders, and Operations to ensure effective underwriting and client solutions.
• Recognize broader relationships on accounts within reinsurance and take initiative on cross-selling opportunities with other departments and lines of business.
• Contribute to and implement actions to improve team performance and operational efficiency.
• Actively network with industry peers to remain current on market dynamics, emerging risks, and best practices.

Risk Analysis & Reporting:

• Conduct comprehensive risk analysis (by cedant, line of business, and country) and manage exposures; identify cedant exposures, supplement information through self-directed research, and ensure adherence to exposure and limit frameworks.
• Analyze, assess, and price risks utilizing actuarial tools, working in close cooperation with regional and global functions.
• Ensure accurate and timely data reporting in support of business and regulatory requirements.
• Review and analyze internal reports, loss runs, and financial statements, conducting research to determine the degree of risk for each account.
• Support the ongoing development of…