Sr Facultative Underwriting Analyst

About the role

Business Services Underwriting Analyst covers direct and broker Property Facultative business for US North America. This is an Underwriting Support role for the US North America market.

• The Underwriting Analyst will aid the local Facultative Underwriting team and provide support regarding underwriting analysis including tools, records management and processes.
• Review client/broker submissions regarding data quality and set up in underwriting system including ITC clearance.
• Set up of rating system and costing requests to third party provider including risk appropriate costing instructions (e.g. scrubbing of data).
• Quality/plausibility check of costing output.
• Completion of UW analysis including but not limited to loss history review, risk engineering report review, research of risk characteristics.
• Prepare analysis-based suggestions for U/W on debits/credits and other risk specific pricing modifications.
• Liaise with Risk Engineering Services as needed on risk review and classes.
• Interact with Genpact (costing principles, accuracy) and contracts (forms, contracts review).
• Verbal or written communication with clients and brokers on account specific data needs/clarifications or requests for additional information based on performed need analysis or as instructed.
• Provide administrative and analytical support regarding pricing tools, internal systems, records processes for the business relationships in his/her area of responsibility. Data entry – risk clearance, binding transactions, property certificates, endorsement issuance, and responsible for strong data quality.
• Participate in deal triage calls and process submissions in accordance with triage decisions.
• Handles all Facultative Underwriting documentation within WIRE.
• Run and interpret financial reports, e.g. profitability reports (REAP, ReCOP).
• Makes sure and maintains guidelines throughout all facultative risks including archiving.
• Work with other internal/external departments to resolve accounting discrepancies.
• Ensure (external and internal) audit compliance.

• University degree - financial services/ risk management preferred.
• High proficiency in English.

• 2 to 4 years of work experience in P&C commercial property (re) insurance – U.S. markets / risk experience preferred.
• Basic knowledge of (re) insurance coverage terms, policy forms a plus.
• Basic understanding of SR underwriting standards, risk appetite, deal preferences.
• Follow up SOP with near shore / off shore teams.
• Adhere to compliance and audit requirements.

Grasp the underlying concepts in compiled information, can figure out root causes of problems, and formulate solutions including synthesis of information.

Tend to take calculated risks by making decisions and acting even in the absence of all information.

Able to place emphasis on building customer dedication by continually improving the customer experience and show the ability to point out and understand the needs of customers, lead expectations, and give priority to meeting and exceeding those needs.

Ensure that all work in one's own area of the business, throughout the organization, by vendors, suppliers, etc. is performed with excellence and to high standards for quality and integrity.

Ability to improve mutual understanding in communicating with others by expressing genuine interest in, and providing full attention to, the content and meaning of others' messages.

Plans own time and schedules activities to ensure achievement of goals. Handles time in a way that allows for responsiveness to shifting demands. Stays on top of concurrent tasks and activities effectively. Balances new requests with established priorities.

Stays composed in challenging interpersonal situations. Demonstrates ability to remain resolute and resilient under stress. Bounces back quickly from disappointments and mistakes. Responds constructively to unexpected complications.

Resumes should be submitted in English.

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. 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…