Berkley

Reinsurance Account Executive

Location Name IL, Naperville
ID
2024-11359
Date Posted
6 days ago(11/8/2024 4:49 PM)
Company
Berkley Re Solutions
Primary Location
US-IL-Naperville
Loc2
GA, Atlanta - 2 Ravinia Drive - Suite 1000
Loc3
PA, Philadelphia - 30 S 17th Street - Suite 1450
Loc4
CT, Stamford - Suite 600
Category
Underwriting

Company Details

Berkley_Re_Solutions_Logo

 

A reinsurer that's expanding distribution where we can strategically deploy our paper, product development & capacity for reinsurance, programs & bolt-on/turnkey products including Workplace Violence (Commercial), Violent Event Coverage (Personal) Cyber Liability (Commercial, Personal & Farm), Contractors Professional and EPLl. We work with carriers, MGAs, PAs, agents, captives, embedded partners & more.

Responsibilities

Responsible for underwriting analysis on new and existing casualty treaty, and program reinsurance business. You will evaluate books of ceding company business including exposures, pricing structures, rates, terms and conditions, in accordance with corporate reinsurance guidelines and within given authority levels. You will also support management in setting the strategic direction of our assumed reinsurance business.  You will develop relationships with a range of ceding company personnel and alternative distribution sources to ensure profitability of our reinsurance portfolio.

 

Preferred locations include: Atlanta, GA; Philadelphia, PA; Naperville, IL and Stamford, CT.  The position may also be remote.

 

Reinsurance Underwriting (50%)

  • Evaluate ceding insurance company's financial standing, operational strategy, and industry trends to determine whether to accept the business, and if so, under what terms for renewal and new business 
  • Perform exposure and experience analysis on renewal business by combining knowledge and experience with available information on ceding insurance companies
  • Assess proposed structure, the ceding insurance company`s operations and anticipated hazards, losses, expenses, financial strength, loss experience, and other underwriting considerations
  • Evaluate treaty contract and coverage language and manage documentation work flow; ensure the contract outlines the risks, intended coverage, and other fields required specific to the contract within given authority limits
  • Complete all required steps on account set up, documentation, and account management

 

Marketing (20%)

  • Strategize and create opportunities within the Insurtech distribution model that support business development and growth
  • Network within the insurance industry uncovering new business opportunities for both traditional reinsurance and in-house developed turn-key products such as cyber liability and workplace violence

Account Management (15%)

  • Develop and cultivate effective business relationships with assigned ceding companies as well as internal and external clients in order to retain profitable business for our operation
  • Meet with clients regarding renewal assumed reinsurance business
  • Collect, maintain, develop, and document all underwriting data to the assumed reinsurance portfolio 
  • Interact with clients and others during pre-renewal season, submission process, audits, and midterm changes for treaty accounts

 

Project Management (15%)

  • Drive collaboration in cross divisional project teams
  • Report project team efforts to the stakeholders to assure consistent communication continues among the project team and their sponsors

Qualifications

  • Bachelor's degree or equivalent experience
  • Minimum 7–10+ years of reinsurance market experience involving underwriting and marketing
  • Basic knowledge and understanding of reinsurance industry, underwriting standards, and competitive practices
  • Basic knowledge and understanding of financial pricing models, methodology, and tools
  • Demonstrated experience building and cultivating relationships with internal and external contacts
  • Experience managing and leading large, complex filing and department of insurance projects...this applies to our customer turnkey products
  • Solid knowledge and understanding of profitability, growth, and risk concepts
  • Understanding of advanced financial and statistical analysis techniques including actuarial techniques
  • Knowledge of property reinsurance and familiarity in the Program Administrator space a plus
  • Travel Requirements: this position requires travel up to 20%

Additional Company Details

The Company is an equal employment opportunity employer.

Sponsorship Details

Sponsorship not Offered for this Role

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed

Connect With Us!

Not ready to apply? Connect with us for general consideration.