Job Description
AmericanAg® is a global provider of diversified reinsurance solutions, seeking an Associate Reinsurance Underwriter to join their team in Schaumburg, IL. The role focuses on managing the profitability of reinsurance portfolios, conducting risk assessments, and developing insights on trends impacting performance.
Responsibilities
- Assessing the risk of original policies and evaluating their impact on reinsurance portfolios
- Analyzing the terms and conditions of reinsurance contracts and products to determine the impact on reinsurance underwriting decisions
- Building a close relationship with clients, developing a deep understanding of their portfolios, and providing guidance acceptability of risks, and treaty terms
- Assisting in the preparation for and conducting reinsurance underwriting reviews
- Developing relationships with other departments to respond to clients’ reinsurance needs by analyzing data and insurance markets
- Reviewing and reporting inconsistencies in reinsurance bordereau reports, referrals, and special acceptance requests
- Developing an understanding of treaty and facultative underwriting results
- Developing innovative methods to gain actionable insights from reinsurance portfolios, enabling better risk management decisions
- Contributing to the achievement of departmental and organizational goals and other projects
Skills
- Bachelor's degree required; degree in insurance, risk management, finance, or business preferred
- Strong analytical, critical thinking, decision making, and problem-solving skills
- Excellent organizational and time management skills; ability to multi-task and handle multiple priorities often under tight deadlines
- Ability to collaborate and work successfully in a team environment
- Strong interpersonal, verbal and written communication skills; along with the ability to build and develop professional relationships
- Proficiency with Microsoft Office products, especially Excel
- Prior work or internship experience in insurance, finance, or customer service preferred
- Foundational knowledge of insurance concepts and industry practices is a plus
Benefits
- Annual bonus
Company Overview
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