Senior Facultative Underwriter – Builders Risk

Senior Underwriter – Builders Risk Facultative Portfolio (New York City)

Location: New York City office – Hybrid (3 days in office, 2 remote)

Base Salary Range: $150,000 - $200,000 per year (exclusive of benefits)

Job Summary: We are seeking an experienced Senior Underwriter to establish and manage a new Builders Risk Facultative portfolio in the U.S.

Responsibilities:

• Selecting, pricing and underwriting facultative Builders Risk project business.
• Determine appropriate coverage, terms, pricing, and PML based on risk assessment and company guidelines.
• Market brokers and clients across the U.S. to establish a key distribution/relationship panel.
• Represent Trans Re in the U.S. Builders Risk facultative market with brokers, cedents, and industry forums.
• Produce quarterly and annual reports and various departmental budgets.
• Maintain accurate records and documentation for underwriting decisions.
• Stay up to date on industry trends, construction practices, regulatory changes, and policy form coverages.

Requirements:

• Minimum of 10 years underwriting experience in insurance or reinsurance.
• Proven experience underwriting Builders Risk business with emphasis on quota share placements for construction projects.
• Experience managing an underwriting portfolio and familiarity with all types of construction project types (buildings, infrastructure, power generation).
• Ability to build and maintain strong broker relationships.
• Ability to analyze and evaluate contract language and coverage afforded.
• Ability to work autonomously with decision‑making authority and be a team player within a global unit.
• Solid understanding of cause‑effect relationship of decisions and their impact on business.
• Strong interpersonal, communication, Excel and Word skills.
• Strong time management and organizational skills.

Work Schedule: Hybrid – 3 days office per week, 2 days remote. Agility supported by Trans Re.

Compensation & Benefits:

• Base salary $150,000 – $200,000 per year.
• Competitive benefits package – medical, vision, 401(k), paid maternity/paternity leave, disability insurance.
• Paid time off and incentive pay opportunity.

Mid‑Senior level

Full‑time

Sales and Other

Insurance

• Medical insurance
• Vision insurance
• 401(k)
• Paid maternity leave
• Paid paternity leave
• Disability insurance