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Treaty Casualty Underwriter
| Location: | New Jersey-US, Central Delhi, Delhi, India |
|---|---|
| Job Type: | Permanent |
| Posted: | 1st Oct 2009 |
| Closing Date: | 1st Jan 2010 |
| Posted By: | North American Search Group |
| Details: | |
| Treaty Casualty Underwriter Position: Treaty Casualty Underwriter Company: Reinsurance Organization Location: New Jersey Job ID: 17960 RESPONSIBILITIES - Profitably underwrite Casualty Treaty submissions in support of client/broker strategies and in accordance with department underwriting guidelines/ philosophy and underwriting authority to produce desired profitability. - Determine pricing, terms and conditions, including the design of the treaty structure and provide responsive and expert decisions on Special Acceptances. - Participate in the development of LOB and Product strategies by providing analysis & recommendations. - Assume responsibility for development of the pricing to meet hurdles established by senior management within Underwriting Authority levels and in collaboration with Actuaries. - Provide input on client strategy to Client Manager and, where appropriate, input on broker strategy to Broker Manager. - Provide recommendations on portfolio development and management consistent with corporate risk appetite to Client Manager. - Analyze and monitor account experience and provide Client Manager with guidance on any emerging issues. - Actively support Client Manager/Client Executive in quote process by participating in presentations and negotiation of quotes. - Provide input (proactive involvement) and support to broker manager in development of market and product development in conjunction with innovation group where appropriate. - Develop enhanced technical product and underwriting expertise with respect to primary insurance market and products. - Conduct and direct audits on accounts and take active role in Client visits conducted in support of broader marketing strategy set by client manager. - Review contract and endorsement wording to insure accuracy and compliance with corporate requirements. - Support, training and quality assurance as requested for other Casualty Underwriters. - As directed, serve on “ad hoc” and other committees to provide input and assistance to management. i.e. LOB expert groups. QUALIFICATIONS: - Bachelors degree in Business, Actuarial Science, Mathematics, Economics or related field and/or equivalent work experience. - 5-7 years of Insurance and/or Reinsurance Treaty underwriting or actuarial pricing experience. - Able to participate in the presentation & negotiation of treaties with the broker/ clients’ management. - In-depth knowledge of insurance and reinsurance principles and procedures. - Strong Project Management skills. - Familiarity with accounting, finance and actuarial concepts. - Experience with Primary Insurance and non-traditional products, within the Broker Market preferred - Ability to explain complex transaction structures to both technical and non-technical audiences (both internal & external). - Strong presentation skills. - Expert risk selection skills. - Strong communication and negotiation skills. - Thorough knowledge of reinsurance contract wording. - Entrepreneurial spirit. - Team player. - Willingness to travel (@25%). | |
| Sorry! This job is no longer active as the closing date for applications has passed. You can view other vacancies from this company (if they have any) by clicking on their name above, alternatively we may have some suggestions for similar vacancies listed below that might be of interest. | |
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