Property Facultative Underwriter Job at Swiss Re, Chicago, IL

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  • Swiss Re
  • Chicago, IL

Job Description

Locations: Chicago, IL, US | Alpharetta, GA, US | New York, NY, US

Are you ready to dive into the exciting world of property reinsurance? Does unparalleled exposure to various industry classes and the opportunity to make meaningful underwriting decisions in a collaborative, empowered environment resonate with you? If so, come join our dynamic Property Single Risk team where you'll analyze diverse risks across numerous industries, develop creative solutions, and build meaningful relationships with clients and brokers.

About the Role

As a Property Facultative Underwriter, you'll evaluate and underwrite property accounts across various industries within defined authority and with appropriate collaboration. You'll use sophisticated modeling tools and technical underwriting judgment to develop reinsurance solutions that meet client needs while supporting overall portfolio performance.

Key Responsibilities include :

  • Assess and underwrite risks for a wide range of industries, such as offices, schools, public entities, manufacturing, warehousing, and other sectors within the SME and Middle Market segments.
  • Exercise sound judgment in a collaborative environment, working directly with clients and brokers to address reinsurance needs while supporting improvement of our facultative portfolio
  • Manage portfolio risk with support from data-driven tools that provide clarity on exposure aggregations and pricing metrics
  • Build and nurture relationships with internal and external business partners, engaging clients to understand and meet their specific needs
  • Contribute to marketing strategies in collaboration with colleagues, building key relationships in your region while gaining exposure to broader national and international channels
  • Support the execution of business strategy across a diverse national customer and broker network, in partnership with regional and product colleagues.
  • Support efficiency improvements by helping optimize existing processes and adopting new tools

About the Team

The Property Facultative team underwrites all commercial property accounts in the US via both broker and direct channels. This is an exciting opportunity to work with a diverse group of clients in a channel neutral environment! Our team allows underwriters to grow and expand their knowledge across all industry classes, insurance perils, and layer structures, including both proportional and non-proportional placements. We analyze risk using state of the art proprietary modeling tools for both fire and natural catastrophe exposures to develop creative reinsurance solutions based on clients' needs.

About You

You're an analytical thinker with strong decision-making abilities who thrives in a collaborative environment. Your communication skills allow you to build effective relationships with clients and colleagues alike, while your technical expertise enables you to evaluate complex risks and develop innovative solutions.

Additional requirements include :

  • Bachelor's Degree, concentration in Insurance or Risk Management is a plus
  • 4–8 years of relevant commercial property experience in primary or reinsurance underwriting, retail broking, or facultative broking
  • Working knowledge of insurance modeling and conceptual understanding of rating tools and underwriting systems
  • Experience with the U.S. property insurance market
  • Adept decision-making skills
  • Strong marketing and relationship-building skills, with the ability to serve as a trusted market representative, develop strategic broker and client partnerships, and drive sustainable business growth.

Additional nice to haves :

  • Ability to work independently or within a team environment as needs arise
  • Positive demeanor with a high degree of motivation and proven collaborative behavior
  • Flexibility for business travel as needed

Our company uses a hybrid work model requiring at least three days in the office each week, with the option of working on-site full-time if preferred. This position is not eligible for full-time teleworking and is not able to offer visa sponsorship.

The estimated base salary range for this position in Alpharetta, GA & Chicago, IL is $108,000 to $162,000 and in New York, NY is $116,000 to $174,000.  The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.  At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

Job Tags

Full time, Temporary work, Work at office

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