Assumed Reinsurance Underwriter

UFG is looking for a Reinsurance Underwriterto join our team! In this role you will manage business in a channel of our Assumed Reinsurance portfolio. These channels are P&C treaty, retrocessional treaty, MGA/MGU relationships, financial lines, or Funds at Lloyd's (FAL) investments. Works closely with colleagues and leadership in risk, strategy, claims and finance to develop and implement our business plan for their assigned channel. The person will be part of an underwriting team that is rewarded in part based on actual financial performance.
The Underwriter will also support the Assumed Reinsurance department overall, potentially assisting with the underwriting of business outside their assigned channel. This person will play an important role in growing UFG's risk profile and positioning the portfolio to consistently deliver industry-leading profitability. Contributes to the business unit's success with significant visibility among senior stakeholders in the organization.
Responsibilities:

• Lead the underwriting process for individual treaty submissionsby following our general process for underwriting reinsurance treaties, this person will lead the analysis and due diligence and will be a key contributor to growing the treaty portfolio.
• Support other reinsurance business with sourcing, underwriting, and execution of Assumed Reinsurance business through other channels, including retro treaty, MGA/MGU business, financial lines reinsurance, and Funds at Lloyd's (FAL) investments.
• Assist in the financial accounting for the reinsurance book through partnering with the accounting department to properly account for reinsurance treaties in our financial statements.
• Assist in the strategic plan for growing the reinsurance book through support of the annual planning process for growing the overall reinsurance book with specific focus on the P&C treaty channel.

• Bachelor's degree in Mathematics, Finance, Economics, Statistics, or related field.
• Graduate degree in related field is preferred.

• Employees are expected to participate in continuing education throughout their careers.
• Relevant designations in any of the following is preferred:


• Associate in Reinsurance (ARe),
• Associate in Risk Management (ARM),
• Chartered Property Casualty Underwriter (CPCU), and
• Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS).

• 5+ years of relevant experience, to include in part:
  
  • Submission analysis and screening.
  • Treaty
  • Reinsurance accounting principles.
  • Maintaining reinsurance broker relationships.
  • Managing General Agency (MGA) business models.
  • Commercial lines insurance.
  • Other P&C and financial lines of business.
• Experience in communicating underwriting analysis to various groups including non-technical and executive audiences.

• General office environment with occasional travel to industry events and branch office locations.
• Remote work where supported.