POSITION SUMMARY:
The AVP/VP, Underwriter is responsible for the analysis and underwriting of assumed risks within the global credit portfolio. This individual will have a strong understanding of Credit market with particular focus in Europe. Underlying classes of understanding include Asset-Backed Lending, European Surety (Commercial & Contract), Political Risk, Project Finance, Commercial loans and Whole Turnover Trade Credit. This individual will need to garner credibility for this expertise both inside and outside the organization. They may also act as a trainer, leader and/or manager of risk analysts or junior underwriters.
PRINCIPAL ACCOUNTABILITIES:
- Contribute to the development of a profitable book of business. Handle day-to-day transaction underwriting, structuring, building/maintaining client relationships, reporting on portfolio to internal/external stakeholders, and accounting.
- Enhance and maintain mutually beneficial client relationships. Communicate underwriting requirements and philosophies. Obtain supplemental underwriting information, analyze and interpret coverages, and negotiate final terms.
- Inform on market trends for line of business and report on assigned lines of business portfolio.
- Maintain a high level of expertise and product knowledge to serve as a resource for clients and staff.
- Identify, design, and drive marketing synergies, by developing creative solutions to client problems.
- Maximize use of RenRe risk and underwriting tools and analytics; enhance the risk management culture within the team.
- Investigate, evaluate and make recommendations for improvements to current and new risk models, changes to proprietary models and implement new models to enable improved analyses, reporting, manipulation of data and workflow. Interpret and challenge model results.
- Proactively research and explore new business opportunities and client/broker relationships.
- May manage, mentor, train and develop junior talent.
- Maintain ongoing, self-directed professional development.
- Prioritize expense management.
EXPECTED COMPETENCIES:
- A college or university degree required.
- A minimum of 7 years’ experience in the financial industry. Experience in the Credit Bond and Political Risk market, preferred.
- Experience analyzing & underwriting credit risk exposures.
- Excellent problem-solving skills along with superior data management skills.
- Excellent written and verbal communications skills.
- Strong interpersonal skills with the ability to communicate professionally at all levels of the organization as well as externally with key clients, brokers and vendors.
- Strong team player, proactive in collaborating across Credit UW and Operational supporting team
Travel required.
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
- College or university degree
- At least 7 years of experience in the financial industry
- Experience analyzing and underwriting credit risk exposures
- Experience in the credit bond and political risk market
- Excellent problem-solving skills
- Strong data management skills
- Excellent written and verbal communication skills
- Strong interpersonal and collaboration 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
