Reinsurance Underwriting Assistant I

Title:

Reinsurance Underwriting Assistant I

Company:

Everest Reinsurance Company (Ireland), Dac (Zurich Branch)

Job Category:

Underwriting

Job Description:

Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.   

What is the role of a Reinsurance Underwriter?

The job of the reinsurance underwriter is to assess and select risks. The underwriter’s 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.

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 Everest's career site with a resume in English.

Type:

Regular

Time Type:

Full time

Primary Location:

Zurich, Switzerland

Additional Locations: