Senior Underwriting Assistant

Title:

Company:

Job Category:

Job Description:

Reinsurance Underwriting Assistant I

Are you interested in a career in underwritingThis is a fantastic opportunity for smart intuitive inquisitive minds to join a leading global financial organization that is genuinely passionate about the development of our entry level employees and future leaders. We pride ourselves on nurturing talent and kick-starting lifelong careers in a professional exciting and long-standing industry.

For 50 years Everest has been a globalleader in reinsurance with abroad international footprint and deep long-term profitable client relationships. We have a reputation for underwriting excellence and we focus on delivering responsive client serviceand customized solutions. We are ranked in the Top Ten Reinsurers worldwide. This is a huge financial services and risk management industry and Everest Re is a key player.

This open position provides hands-on learning with an opportunity to work alongside some of the best reinsurance professionals in the market within underwriting actuarial data analysis and claims.

So what is reinsurance

Essentially its the insurance of insurance. Our clients are insurance companies who need additional protection for the risks they assume. But this additional protection is not for the standard car home and pet coverage you might think of when you hear the word insurance. Here at Everest we reinsure special high- value or high-risk businesses and industries across different classes of insurance such as Aviation Property Engineering Public and Employers Liability Professional Indemnity Medical Malpractice Accident & Health Contingency and Cyber.

When the worst happens a policyholder is reliant on their Insurer to help them recover and move forward. But what happens when a hurricane hits the USA a major music festival is cancelled or a CEOs ill-timed tweet plunges a companys share price Thematic events like this can result in huge losses for Insurers and that is where reinsurance comes in. Reinsurers like Everest Re not only pay claims at the time of loss; more importantly we provide business continuity.

What is the role of a Reinsurance Underwriter

The job of the reinsurance underwriter is to assess and select risks. The underwriters role is both technical and commercial as the underwriter must determine how much risk to assume and at what cost what are best terms and conditions of coverage as well as negotiate and sell the deal to our broker clients.

The actuaries are crucial in helping us achieve a profitable portfolio through analysis of numerical data and trends and determining appropriate risk-adjusted prices. Actuaries also work to determine how much we should reserve for current and future losses.

Our claims executives evaluate claims to determine if coverage applies and what the final indemnity should be to adequately compensate for the loss which is the ultimate purpose of insurance and reinsurance.

The successful candidate will report to the head of western Europe and assist the Underwriting team with the following.

Responsibilities include but not limited to:

• Underwriting support and analysis work for the underwriting teams:
  • Trip preparation and trip follow up
  • Client management and market reviews
  • Reporting tasks
  • Internal communication with other departments (Accounting Claims IT etc).
  • Desk research on specific topics
• Prepare and assist the underwriter on account renewals
  • Data preparation
  • Check of contractual documents
  • Analysis of treaties and portfolios
• Administration and compliance
  • Data entry and maintenance in the data and accounting systems.
• Assistance on specific projects management tasks.
• Assisting underwriters during the underwriting process with also a chance to get a handle on the technical tools used to evaluate risk.

• Entry of risk information and the maintenance of underwriting files
• Monitoring and maintaining accurate and up to date risk data on the underwriting systems.
• Producing management reports supporting new business development and marketing
• Produce ad hoc reports and analysis
• Get a chance to participating in client visits developing investigatory skills and building relationships.

Beyond your day-to-day activities we will encourage you to network within the Insurance community and to support others through our Diversity Equity and Inclusion initiatives Mentoring Programs and Charity Outreach Programs.

Your profile

• Recent University graduate or a recognized insurance qualification.
• Right to work in Zurich
• Eligible candidates must be able to work out of the Zurich office minimum 3 days a week.
• Enthusiastic and forward-looking mindset with a focus on continuous improvement.
• Ability to work under pressure and meet tight deadlines.
• Team player with the ability to communicate effectively.
• Technical analytical and result oriented mind.
• Proficient and effective knowledge of MS-Office products especially Excel.
• Languages: Fluent in English. Strong skills in French and/or German. Other European languages is an advantage.

Note: Eligible applicants should apply via Everests career site with a resume in English.

What if I dont meet every requirement At Everest we are dedicated to building an inclusive and authentic workplace. So if you are excited about this role but your past experience doesnt align perfectly with every element in the job description we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest our purpose is to provide the world with protection. We help clients and businesses thrive fuel global economies and create sustainable value for our colleagues shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickhereto learn more about our culture.

• Our Valuesare the guiding principles that inform our decisions actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues and the global communities we serve.

Type:

Time Type:

Primary Location:

Additional Locations: