About Us
Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:
Integrity Work honestly, to enhance TransRe’s reputation
Respect Value all colleagues. Collaborate actively.
Performance We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths
Entrepreneurship Seize opportunities. Innovate for and with customers.
Customer Focus Anticipate their priorities. Exceed their expectations.
We have the following job opportunity in our New York City office:
Description
We seek an experienced Product Analyst to join our growing FAIRCO team in our New York City office. FAIRCO is a subsidiary of TransRe Holdings, a Berkshire Hathaway company. As a member of the FAIRCO Department, this individual will work closely within all areas of the FAIRCO team, especially the Directors of Programs and will be responsible for the following:
- Policy form drafting and new form development for multiple lines of business.
- Preparing filings, drafting state amendatory endorsements and formulating responses to state departments of insurance form objections.
- Providing advice and guidance to underwriting inquiries related to forms and compliance requirements.
- Researching and interpreting state regulations and statutes.
- Collaborating with program administrators, program managers, claims examiners and actuaries.
- Managing state rule changes (policyholder notices, regulatory changes, etc.) to maintain product compliance, program due diligence, and program administrator licensing.
- Maintenance and development of a form library.
Requirements
The ideal candidate will have 5+ years’ experience in the below areas:
- Knowledge of insurance industry with focus on policy form drafting and development.
- Ability to formulate responses to state departments of insurance form objections and draft state amendatory endorsements.
- Knowledgeable in product compliance and state regulatory issues.
- Ideal candidate will be an attorney, though not required.
- Must be a self-starter with the ability to work with minimal supervision; work effectively in a team as well as individually.
Work Schedule
TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office’s practices and preferences, marketplace trends, and TransRe’s business objectives. This position is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.
Compensation
In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $145,000 – $175,000. This range is an estimate, and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.
We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.
Top Skills
What We Do
We are a leading international reinsurance organization headquartered in New York with operations worldwide.
We offer reinsurance capacity on both a treaty and facultative basis.
We built our business on the principles of capacity, reliability, expertise and creativity to deliver the risk transfer solutions you need to support your business.
We work closely with you, listening and asking to understand your strategic objectives, and offering you the full spectrum of property and casualty products, services and support to help you grow and succeed.
We have dedicated teams of local professionals near you and we build relationships based on the fundamental promise that we will be here when you need us.
We have the ability and willingness to pay your claims.
We are members of the Berkshire Hathaway group of companies.
We value risk.
Our Core Values are woven into our key employment policies and procedures:
Integrity - Work honestly. Enhance our reputation.
People - Develop diverse talent. Reward excellence.
Customer Focus - Anticipate their priorities. Exceed their expectations.
Respect - Value all colleagues. Collaborate with one another.
Entrepreneurship - Seize opportunities. Innovate for and with customers.
Performance - Be accountable. Manage risks. Deliver our strength.
For immediate and confidential consideration, please email your resume to [email protected].
