Financial Risks Reinsurance Underwriter

UFG is hiring a Financial Lines Assumed Reinsurance Underwriter to underwrite and manage the financial lines reinsurance portfolio with emphasis on mortgage surety and/or credit reinsurance treaties (candidate must bring deep expertise in at least two of these product areas). This role serves as the primary face of the company to brokers and cedents for the assigned portfolio leading negotiations structuring solutions and driving profitable growth in line with UFG underwriting guidelines and risk appetite.

The Underwriter works closely with colleagues in actuarial risk claims finance and portfolio management to execute the business plan and deliver sustainable returns. The position is fully remote within the United States with the option to work from the companys home office as desired.

Essential Duties and Responsibilities:

• Lead the endâtoâend underwriting of assumed treaty reinsurance submissions for financial risks including exposure and experience analysis treaty structuring and pricing.
• Act as primary point of contact with reinsurance brokers for the assigned portfolio managing dayâtoâday relationships developing new opportunities and leading negotiations of terms conditions and pricing.
• Evaluate portfolio performance strategy and underwriting discipline to assess fit with the companys risk appetite and capital allocation priorities.
• Review structure and negotiate treaty contracts including wording coverage terms exclusions and endorsements in collaboration with legal actuarial and operations teams.
• Perform inâdepth portfolio management including monitoring accumulations diversification profitability and key performance indicators for assigned treaties and overall segment.
• Prepare and present underwriting analyses and recommendations to Underwriting Committees
• Contribute to the annual business planning process for the Financial Risks treaty portfolio including production profitability and exposure targets and support the development and refinement of underwriting strategies.
• Collaborate with actuarial/pricing teams providing underwriting insight and cedent/broker intelligence to ensure models and pricing appropriately reflect risk characteristics and market conditions.
• Support accurate booking and financial accounting of treaties by working closely with reinsurance accounting and operations on statements bordereaux and related reporting.
• Represent the company at industry conferences broker meetings client visits and market events in the US and internationally promoting the companys brand and capabilities.
• Maintain strong awareness of competitive landscape rating agency perspectives regulatory developments and macroeconomic trends affecting financial risks credit political risk surety and mortgage markets.
• Mentor junior underwriters or analysts as appropriate sharing best practices and helping to build technical expertise within the team.

Job Specifications:

Education:

• Bachelors degree in mathematics Finance Economics Statistics or related field.
• Advanced degree (e.g. MBA masters in finance/risk management) preferred.

Certifications/Designations:

• Employees are expected to participate in continuing education throughout their careers.

• Relevant designations in any of the following is preferred:
• Associate in Reinsurance (ARe)
• Chartered Property Casualty Underwriter (CPCU).

Experience:

• Minimum 10 years of relevant insurance/reinsurance experience including at least 5 years focused on treaty or portfolio-level reinsurance underwriting in financial risks lines or closely related specialty lines.
• Proven track record managing a treaty portfolio including monitoring performance taking corrective action and achieving profitability and growth targets.
• Demonstrated experience leading broker and client negotiations and representing the company externally in a senior underwriting capacity.

Knowledge skills & abilities:

• Deep technical understanding of treaty reinsurance structures (quota share surplus excess of loss) underwriting methodologies and pricing approaches for financial risk portfolios.
• Strong knowledge of credit political risk surety and/or mortgage insurance products and typical loss drivers of credit losses.
• Solid grasp of portfolio management principles including diversification correlation concentration and ability to translate them into underwriting decisions.
• Ability to analyze cedent financials exposure data and loss histories; interpret actuarial/pricing output; and make sound independent underwriting judgments.
• Excellent relationshipâbuilding and communication skills with the ability to influence and negotiate effectively with brokers cedents and internal stakeholders.
• Strong written and oral presentation skills; comfort presenting complex analyses to senior management and external partners.
• High degree of selfâmotivation accountability and professional integrity; able to operate autonomously in a remote environment while collaborating effectively with colleagues in multiple locations.
• Proficiency with underwriting and portfolio tools (e.g. Excel pricing models exposure management systems) and ability to work with large data sets.
• Willingness and ability to travel domestically and internationally for broker/cedent meetings conferences and internal sessions as needed.

Working Conditions:

• Remote role based in the United States with the option to work from the companys home office depending on candidate preference and business needs. Periodic travel to industry conferences broker and client meetings and internal strategy sessions; may include occasional international travel.
• Role may involve extended hours around key renewal seasons planning cycles and major negotiations consistent with senior treaty underwriting positions.

Pay Transparency Statement:

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $120000 - $150000 annually which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors including relevant experience education certifications skills internal equity geography and market data.

In addition to base salary UFG Insurance offers a comprehensive total rewards package that includes:

• Annual incentive compensation
• Medical dental vision & life insurance
• Accident critical Illness & short-term disability insurance
• Retirement plans with employer contributions
• Generous time-off program
• Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.