Commercial Underwriter

Property Facultative UnderwriterSince 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:Integrity Work honestly, to enhance TransRe's reputationRespect Value all colleagues. Collaborate actively.Performance We reward excellence. Be accountable, manage risk and deliver TransRe's strengthsEntrepreneurship Seize opportunities. Innovate for and with customers.Customer Focus Anticipate their priorities. Exceed their expectations.We have the following job opportunity in our New York, NY or Chicago, IL office:As a member of the Property Facultative team, the Underwriter will be a key driver of the business through fostering relationships with new and existing clients. Responsibilities will include, but not be limited to:Production underwriting of Facultative certificate and program business with an emphasis on Direct placementsGenerating new business opportunities from prospective Direct client companiesExtensively marketing with an emphasis on building individual underwriter relationshipsTravelling domestically for marketing and audits up to 30% of the timeSupport Facultative team in Chicago as needed on new and renewal business submissionsRequirements5-10 years of Property Facultative Reinsurance underwriting experience (primary E&S will be considered)Self-Starter with ability to work in collaborative virtual team environmentSolid understanding of primary insurance underwriting concepts including rate adequacy, line setting procedures, analysis of Probable Maximum Loss and Maximum Foreseeable LossStrong knowledge of their regional market and proven track record of marketing to clientsAbility to manage a high submission countExperience working in a paperless environmentExtensive knowledge of Catastrophe exposure analysis including RMS and AIR Catastrophe modeling platformsCPCU and/or Are classes or other insurance studies preferredProficient in ExcelWork ScheduleTransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office's practices and preferences marketplace trends, and TransRe's business objectives. This position is located in our New York City office and is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.CompensationIn addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $150,000 – $200,000. This range is an estimate and the actual base salary offered for this position will be determined based on certain factors, including the applicant's specific skill set and level of experience.We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.