The AVP Underwriting is responsible for analysis, modeling and underwriting recommendations of assumed and ceded Specialty risks. The AVP Underwriting is also responsible for developing new modeling and exposure capture systems to support the growth of Specialty Reinsurance.
RESPONSIBILITIES INCLUDE:- Provide analysis, modeling and underwriting recommendations for assumed primary and retrocession submissions, ceded transactions, capital market transactions and/or non-catastrophe risks
- Be an integral part of the underwriting process, from initial broker contact to providing underwriting recommendations on transactions
- Use third party vendor models, proprietary tools and systems to effectively extract, analyze and report for deal and portfolio analyses; interpret and challenge model results
- Investigate, evaluate and advise on new risk models, changes to current risk models, and implement new models when necessary
- Contribute to the design and development of proprietary tools that will enable improved analyses, reporting, manipulation of data and workflow
- Provide management and business analyst support for internal model and tool development projects, liaising with the underwriting and development teams to ensure that the tools address business requirements
- Develop and manage relationships with brokers and catastrophe model vendors through regular interactions and meetings
- Assist with the training, mentoring and development of Risk Analysts by providing guidance, sharing knowledge and traveling to overseas offices
EDUCATION, SKILLS & EXPERIENCE:
- A university degree with an emphasis on science, engineering, economics, mathematical, statistical techniques or simulation essential; an advanced degree in sciences or MBA preferred
- A minimum of 3 years’ experience in investment banking focused on financial institutions
- Extensive experience analyzing specialty and financial risk exposures using vendor models (Bloomberg, Capital IQ, SNL) and proprietary tools
- Thorough knowledge of the vendor models and a proven ability to critically evaluate complex model results and deconstruct the vendor models
- Ability to work with complex risk systems
- Excellent mathematical, statistical and problem-solving skills along with superior data management skills
- Strong computer skills including advanced knowledge of Excel and SQL
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Skills Required
- University degree emphasizing science, engineering, economics, mathematics, statistics, or simulation
- Advanced degree in sciences or an MBA
- At least 3 years of investment banking experience focused on financial institutions
- Extensive experience analyzing specialty and financial risk exposures using vendor models such as Bloomberg, Capital IQ, and SNL
- Thorough knowledge of vendor models and ability to critically evaluate and deconstruct complex model results
- Ability to work with complex risk systems
- Excellent mathematical, statistical, and problem-solving skills
- Superior data management skills
- Advanced Microsoft Excel and SQL skills
What We Do
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving. Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval. We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
