Assumed Reinsurance Underwriter Trainee
Assumed Reinsurance Underwriter Trainee
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Salary Not Disclosed
1 Vacancy
Job Description
UFG is looking for a Reinsurance Underwriting Trainee to join the team. In this role you will learn the fundamentals of reinsurance underwriting and will be responsible for learning reinsurance structures buying objectives pricing and accounting. Instruction will be provided on the job by senior underwriting team members and crossdepartmental professionals. The trainee will gain an understanding of the strategic objectives of the business unit and contribute to the acquisition of a profitable portfolio of financial lines reinsurance contracts. The trainee will participate in the analysis of treaty submissions and determination of their acceptability within framework of UFG underwriting policies and strategy.
Responsibilities:
- Gain an understanding and develop analytical skills on how to investigate analyze differences in terms across new or renewal submissions and yearoveryear changes.
- Prepare treaty experience and exposure analysis for input in the underwriting decision process.
- Participate in the drafting of referral memos.
- Assist underwriters in the management of their books of business including input of treaty underwriting and pricing details in the Assumed Reinsurance Contract Management System.
- Participate in remote client meetings.
- Underwrite submissions with assistance from mentors and learn to make underwriting recommendations.
Qualifications:
Education:
- Bachelors degree or combination of education and reinsurance experience.
- Bachelors degree in business administration economics finance or accounting preferred.
Certifications/Designations:
- Employees are expected to participate in continuing education throughout their careers.
- Trainee will obtain ARe designation during their first year.
Experience:
- 1 years of professional work experience preferred.
Working Conditions:
- General office environment inoffice required 4 days per week.
- No travel in year 1 approx. 10 overnight travel by year 3
Skills & Knowledge:
- Strong mathematical reasoning and analytical thinking and nimble learning skills.
- The ability to selfplan and prioritize.
- Demonstrated professionalism and ability to collaborate.
- Knowledge of MSOffice systems to include Outlook Excel (pivot tables) and Word.
- Understanding of financial terms preferred.
- Strong business knowledge and acumen.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties responsibilities and skills required. Additional tasks and requirements may be assigned as necessitated by business need. UFG retains the right to modify the description of this job at any time.
Required Experience:
Intern
Employment Type
Full-Time
