Grinnell Mutual Reinsurance Company

SENIOR UNDERWRITER - BROKER ASSUMED REINSURANCE

Job Locations US-IA-Des Moines
Posted Date 3 weeks ago(4/12/2024 12:50 PM)
Job ID
2024-1896
# of Openings
1
Category
Reinsurance

Overview

The Senior Underwriter - Broker Assumed Reinsurance, under the guidance of the Director - Broker Assumed Reinsurance Underwriting and AVP - Reinsurance Underwriting, is responsible for underwriting a portfolio of Broker Assumed Reinsurance accounts. The Senior Underwriter develops and maintains long-term business relationships with reinsurance brokers and ceding company executive and management leadership to support profitable business opportunities and reinsurance solutions in the marketplace.

This position qualifies for our flexible workplace options. Work at our Grinnell, Iowa, headquarters, or work from home in any of the following states: Alabama, Arizona, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Maine, Minnesota, Missouri, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Virginia, Wisconsin, and Wyoming. Please note that candidates must be eligible to work in the U.S. without Grinnell Mutual sponsorship.

Responsibilities

• Manages a portfolio of assumed reinsurance business by developing short and long-term goals, strategies, and processes. Responsible for executing all aspects of reinsurance underwriting through implementation and support of these strategic plans.

 

• Underwrites broker produced reinsurance business and supports the underwriting performance of more junior underwriting staff and underwriting support staff as needed.


• Develops and maintains positive relationships with brokers and client companies and serves as a point of contact. Coordinates and attends broker and client relationship events as necessary. Actively markets Grinnell and its reinsurance products with reinsurance brokers to generate new business opportunities and expand Grinnell participation on existing reinsurance programs.


• Accountable for the thorough evaluation of underwriting submissions and pricing of reinsurance programs, provides quotes and authorizes contracts. Utilizes catastrophe modeling and actuarial pricing teams to evaluate submissions.


• In partnership with reinsurance brokers, coordinates and conducts underwriting, claim, and administrative audits on an as needed basis.


• Negotiates contract terms with brokers in partnership with internal legal counsel as apropriate.


• Collaborates on division and corporate projects with cross-functional teams when necessary to achieve optimal results for reinsurance and corporate business objectives. Provides resources, research, and guidance from an area of expertise.


• Cultivates a culture of continuous improvement within the division by seeking opportunities to improve processes and efficiencies.


• Maintains a thorough understanding of relevant industry and business trends, key company financial indicators, best practices, regulations, and professional skills. Applies knowledge to achieve optimal underwriting results.


• All other duties as assigned.

Qualifications

 

• Bachelor's degree from an accredited college or university with three (3) to five (5) years of property and casualty reinsurance underwriting related experience and a demonstrated skill set in best practices related to the reinsurance industry; or equivalent combination of education and experience.


• Experience working with reinsurance brokers is preferred.


• Industry designations preferred (eg. ARe, CPCU, ARM, CFA, CPA, FCAS) or actively persuing industry designations.


• Experience underwriting Property and Casualty Insurance and Reinsurance, to include Property Catastrophe, Property Aggregate Excess, Per Risk, Quota Share and Multi-Line Excess and Casualty Excess Reinsurance Programs.


• Analytical and problem-solving skills to evaluate risk and potential profitability of accounts.


• Experience with reinsurance pricing methods including exposure and experience analysis for Property and Casualty exposures.

 

• Knowledge of third-party catastrophe modeling software products, their applicability to underwriting reinsurance business and evolution over time.


• Ability to communicate persuasively, both orally and written, to professionally present information to a variety of groups and forums and present on topics as requested.


• Demonstrated aptitude to make effective decisions using personal judgment, experience, facts, and figures to resolve problems and make decisions.


• Demonstrated ability to achieve consensus by involving stakeholders in the decision-making process to maintain relationships and mutual understanding.


• Ability to work effectively and relate well with internal and external customers. Ability to exhibit a professional manner in dealing with and working to maintain constructive working relationship by utilizing good interpersonal communication skills. Ability to work in a harmonious manner with subordinates, co-employees and supervisor.


• Must posses working knowledge of standard office equipment. Computer skills must include basic skills in Microsoft Office suite with advanced knowledge of Excel and simulation software.


• Ability to maintain a valid driver’s license and adhere to fleet safety policy. Ability to travel throughout the US to meet with reinsurance brokers and client companies 10-20% of business days, including overnight travel, is required.


• Must be able to maintain confidentiality and propriety information.


• Requires regular and predictable attendance to meet the customer needs of the position.


• Demonstrated ability to adhere to all Grinnell Mutual policies.


• Demonstrated ability to incorporate Grinnell Mutual core values in all areas of work.

 

Working Conditions and Physical Efforts:


To perform this job successfully, an individual must be able to perform each job duty and responsibility satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform job duties and responsibilities.


• The Senior Underwriter - Broker Assumed Reinsurance may be required to work outside of normal business hours including occasional weekends and extended hours to meet deadlines associated with the position.


• The position can operate within a typical office setting located in an office or in a remote home office. The noise level in the work environment is usually quiet. The position requires an individual to sit for long periods of time. The position may require frequent and extended time on the telephone and visual acuity to work on the computer for extended periods of time.


• This role has frequent external customer contact with senior level management of client companies and reinsurance brokers.


• Frequently works with all levels of employees in the organization.

  

This job description is not intended to describe, in detail, the multitude of tasks that may be assigned, but rather to give the employee a general sense of responsibilities and expectations of the position. As the nature of the business demands change, so too may the job duties and responsibilities.

 

Grinnell Mutual is an Equal Opportunity Employer. All applicants will be consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, gender identity, national origin, veteran status,  or disability status in accordance with applicable state and federal laws.

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