Reinsurance Underwriting Director

This is a fully remote position, open to applicants in Connecticut.

📋 Description

• Develop and execute reinsurance underwriting processes for both new and renewal accounts.

• Supervise the reinsurance underwriting team and formulate portfolio strategies.

• Make intricate underwriting decisions, establish coverage terms and pricing, and monitor the reinsurance portfolio.

• Ensure a diversified risk profile that aligns with the organization's objectives.

• Collaborate with teams in claims, product development, actuarial science, and customer service.

• Manage expenses effectively and maintain a responsible budget.

• Apply disciplined underwriting methodologies to ensure profitable program outcomes.

• Encourage innovation by implementing new methodologies, technologies, and strategies.

• Lead strategic negotiations with key ceding companies and industry partners.

• Direct crisis management initiatives and implement strategic risk mitigation plans.

• Present reports on reinsurance activities, performance metrics, and market trends to the board and executive leadership.

• Develop and supervise training programs for the reinsurance underwriting team.

• Create workflow reports to identify staffing requirements.

• Enhance staff capabilities through cross-training and leadership development.

• Respond to escalated calls and emails.

• Train, plan, assign, and direct work; evaluate performance; reward and discipline employees; address complaints and resolve issues.

• Recruit and lead a growing reinsurance staff.

• Promote compliance with insurance laws, rules, and regulations.

⛳️ Requirements

• Bachelor's degree is mandatory; Master's degree is preferred, with a focus in Statistics, Economics, or Risk Management being ideal.

• Relevant discipline or equivalent work experience will be taken into account.

• 12-15+ years of experience in Reinsurance Underwriting is required.

• A minimum of 5 years in a management role is necessary.

• State P&C and/or surplus line licenses are required.

• Associate in Reinsurance (ARE) or Associate in Risk Management (ARM) certifications are advantageous.

• Familiarity with ceded reinsurance is essential.

• Understanding of state-specific underwriting statutes is required.

• Experience with reinsurance treaty placements is necessary.

• Proficient in underwriting systems and tools.

• Capable of conducting insurance policy reviews.

• Skilled in KPI tracking.

• Experience in training and development is important.

• Knowledge of property and casualty underwriting is required.

• Proficient in risk management practices.

• Ability to create technical documentation.

• Strong business relationship management skills.

• Excellent decision-making capabilities.

• Effective communication skills are necessary.

• Strong problem-solving abilities.

• Negotiation skills are essential.

• Proven team management experience is required.

🏝️ Benefits

• Paid time off for company holidays.

• Vacation days.

• Sick days.

• Personal days.

• Paid parental leave.

• Access to mental health services.

• Comprehensive benefits package that supports the physical, financial, and emotional well-being of employees and their family members.

• Bonuses offered for full-time roles.

• Reasonable accommodations provided for individuals with disabilities.