Sr. Facultative Property Underwriter - New York, NY

The Sr. Facultative Underwriter is responsible for driving earnings for the respective unit through new business development and client management activities. The successful candidate will insure a high quality of underwriting for prospective deals and a high service quality for existing accounts. Responsible for coordinating and sharing Industry specific knowledge and related underwriting know-how across the group.


Responsibilities for this position are as follows:
• Consistently identifies and analyzes significant exposures.
• Develop strong marketing relationships with clients in order to ensure a strong submission flow and high hit ratio
• Perform underwriting analysis for each facultative contact to be quoted.
This includes:
• Gathering data and information to perform all necessary analysis
• Assessing the quality of the available information
• Assessing the production source
• Analyzing the quality of the underlying insurance structure
• Analyzing and, if appropriate, proposing changes to the reinsurance contract wording, terms and conditions
• Analyzing the accounts’ loss history
• Analyzing operational, financial and claims audit reports
• Pricing of the reinsurance contract and documenting pricing analysis and expected profitability.
• Clear documentation of the recommendation and reasoning behind it
• Ensure compliance with the Facultative Underwriting Guidelines as well as Divisional and Group Guidelines
• Work in team environment and learn from and teach others about general knowledge of primary and reinsurance underwriting.
• Good understanding of profitability and financial analyses. Understands mechanisms of profitability (e.g. reserving, loss development, IBNR, earning patterns)
• Conversant with wide variety of primary products and underwriting issues.
• Understand and be able to discuss basic reinsurance coverage/clauses with clients.
• Solid understanding of SRA rating methodology.
• Capable of assessing and developing alternative ways of handling risks.
• Keeps “network” connections current. Shares market intelligence with co-workers.


The following background and skills are required:
• Minimum of 5 to 7 years in the insurance industry; some reinsurance experience is strongly preferred.
• Above average written/oral communication skills.
• Above average presentation skills.
• Above average negotiation skills.
• Some travel may be required for business reasons.
• Moderate to heavy PC use required.

If you are interested in pursuing this opportunity or other opportunities with Swiss Re, you may apply by visiting our website. The reference code for this position is EXT-NB50098536. Applications will only be accepted through our website.

If your credentials match the requirements for the job you are inquiring about, a Human Resources Representative will contact you. Due to the volume of responses, only qualified candidates will be contacted. Please continue to visit our website for other job opportunities that may better match your credentials.

Swiss Re is an Equal Opportunity Employer