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Location: 

Armonk, NY, US

Senior Underwriter Credit & Surety

 


About Swiss Re
 

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 13,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?

 

About the Role:

The underwriter works in close collaboration with other Credit & Surety reinsurance underwriters, personnel from Client Markets, Credit Risk Management, and Credit Portfolio Management & Analytics to produce profitable Credit, Surety and Political Risk reinsurance business. Perform underwriting of Surety, Trade Credit and Political Risk treaty and facultative offerings, including but not limited to:

• Gather and assess information on proposed transaction, including deal structure and underlying portfolio. Support reviews of client operations and portfolios as needed, either virtually or at client office.

• Be responsible for pricing transaction using Swiss Re tools to determine projected margins, as well as conducting a contract wording review to ensure compliance with company guidelines.

• Make appropriate recommendation for action, with supporting documentation. Record transaction in Swiss Re tools.

• Be responsible for ongoing management of treaty and facultative transactions after effective date, including servicing client requests for Special Acceptances, and documenting/updating Swiss Re databases and applications.

• Support credit risk exposure management process using Swiss Re tools and applications

• Ensure compliance with the Credit Underwriting Guidelines as well as Divisional and Group Guidelines.

• Maintain business documentation within Group guidelines.

• Develop and maintain successful relationships with external clients and brokers, as well as internal stakeholders such as Client Markets and other Specialty lines units.


About the Team:

This role will report to the Head Credit & Surety North America. 


About You:

The incumbent will work in close collaboration with other Credit & Surety underwriters, personnel from Client Markets, Credit Risk Management, Group Underwriting, and fellow Specialty lines units.

• College degree, preferably with a major in business, finance or economics.

• Solid understanding of accounting and finance, with strong analytical skills including financial analysis.

• Prior experience in the insurance/reinsurance industry, with an understanding of relevant products and underwriting issues.

• Excellent team player, with strong communication and negotiation skills.

• Good proficiency with common IT applications.

• Fluent in English; working knowledge of French &/or Spanish helpful.

• Ability to work under pressure, make decisions and manage a high workload.

• Travel will be required for business reasons, generally within North America.

 

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

 

Keywords: Underwriter Credit & Surety
Reference Code: 96209 

 

 


Nearest Major Market: White Plains
Nearest Secondary Market: New York City

Job Segment: Credit, Underwriter, Risk Management, Surety, Compliance, Finance, Insurance, Legal