Sr Facultative Underwriting Analyst

This is your opportunity to join one of the world's leading reinsurers. Our reinsurance business at Swiss Re is about understanding and analyzing the major risks that concern the world - from natural Catastrophes to climate change, from ageing populations to cybercrime. We associate experience with expertise and creative thinking to build new opportunities and solutions for our clients. We also enable the risk-taking essential to enterprise advance. This is only possible with around 10,000 truly exceptional Swiss Re people across our group worldwide.

This Business Services Underwriting Analyst position covers both direct and broker Property Facultative business. This is an Underwriting Support role for the US North America market.

About the role

The opportunity

• The Underwriting Analyst will aid the local Facultative Underwriting team and provide support regarding underwriting analysis including tools, records management and processes.
• Review of client/broker submissions regarding data quality and set up in underwriting system including ITC clearance
• Set up of rating system and costing requests to third party provider including risk appropriate costing instructions (e.g. scrubbing of data)
• Quality/plausibility check of costing output
• Completion of UW analysis including but not limited to loss history review, risk engineering report review, research of risk characteristics
• Prepare analysis-based suggestions for U/W on debits/credits and other risk specific pricing modifications
• Liaise with Risk Engineering Services as needed on risk review and classes
• Interact with Genpact (costing principles, accuracy) and contracts (forms, contracts review)
• Verbal or written communication with clients and brokers on account specific data needs/clarifications or requests for additional information - based on performed need analysis or as instructed
• Provide administrative and analytical support regarding pricing tools, internal systems, records processes for the business relationships in his/her area of responsibility. Data entry – risk clearance, binding transactions, property certificates, endorsement issuance, and responsible for strong data quality.
• Participate in deal triage calls and process submissions in accordance with triage decisions
• Handles all Facultative Underwriting documentation within WIRE
• Run and interpret financial reports, e.g. profitability reports (REAP, ReCOP)
• Makes sure and maintains guidelines throughout all facultative risks including archiving
• Work with other internal/external departments to resolve accounting discrepancies
• Ensure (external and internal) audit compliance

About You

Education

• University degree - financial services/ risk management preferred
• High proficiency in English

Professional / Technical Background

• 2 to 4 years of work experience in P&C commercial property (re)insurance – U.S. markets / risk experience preferred.
• Basic knowledge of (re)insurance coverage terms, policy forms a plus.
• Basic understanding of SR u/w standards, risk appetite, deal preferences
• Follow up SOP with near shore / off shore teams
• Adhere to compliance and audit requirements

Functional Competencies

Analytical Thinking: Grasp the underlying concepts in compiled information, can figure out root causes of problems, and formulate solutions including synthesis of information

Decisiveness: Tend to take calculated risks by making decisions and acting, even in the absence of all information.

Service Focus: Able to place emphasis on building customer dedication by continually improving the customer experience and show the ability to point out and understand the needs of customers, lead expectations, and give priority to meeting and exceeding those needs.

Quality focus: Ensure that all work in one's own area of the business, throughout the organization, by vendors, suppliers, etc. is performed with excellence and to high standards for quality and integrity

Active Communication: Ability to improve mutual understanding in communicating with others by expressing genuine interest in, and providing full attention to, the content and meaning of others' messages.

Time Management: Plans own time and schedules activities to ensure achievement of goals. Handles time in a way that allows for responsiveness to shifting demands. Stays on top of concurrent tasks and activities effectively. Balances new requests with established priorities.

Composure and Resiliency: Stays composed in challenging interpersonal situations. Demonstrates ability to remain resolute and resilient under stress. Bounces back quickly from disappointments and mistakes. Responds constructively to unexpected complications.