Senior Facultative Underwriter – Builders Risk

About Us Since 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 reputation Respect                         Value all colleagues. Collaborate actively. Performance                 We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths Entrepreneurship          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 City office: Description   We are seeking an experienced Senior Underwriter to establish and manage a new Builders Risk Facultative portfolio in the US. This role will regularly liaise with the underwriting team for Engineering & Builders Risk in London to focus on the technical underwriting and daily management of the global portfolio. Responsibilities will include but not be limited to:   Selecting, pricing and underwriting facultative Builders Risk project business Demonstrating sound underwriting skills – determine appropriate coverage, terms, pricing, PML based on risk assessment and company guidelines Marketing brokers and clients across the US to establish a key distribution/relationship panel Representing TransRe in the US Builders Risk facultative market with brokers, cedents, and industry forums. Producing quarterly and annual reports as well as various departmental budgets Maintain accurate records and documentation for underwriting decisions Staying up to date on industry trends, construction practices, regulatory changes and policy form coverages Requirements   5-10 years of underwriting experience in the (re)insurance industry, focused on Builders Risk Proven experience underwriting Builders Risk business with an emphasis on quota share placements for construction projects Experience managing an underwriting portfolio and familiarity with all types of construction project types (i.e. buildings, infrastructure & power generation) Ability to build and maintain strong broker relationships Ability to analyze and evaluate contract language and coverage afforded Ability to work autonomously with decision making authority as well as being a team player within a global unit Solid understanding of the cause-effect relationship of decisions and their impact on the business Strong interpersonal, communication, Excel and Word skills Strong time management and organizational skills Work Schedule TransRe is supportive of an agile work schedule, which may differ based on individual roles,…