01Overview
Note: The job is a remote job and is open to candidates in USA. UFG Insurance is hiring a Financial Lines Assumed Reinsurance Underwriter to manage the financial lines reinsurance portfolio, focusing on mortgage, surety, and credit reinsurance treaties. The role involves leading negotiations, structuring solutions, and collaborating with various teams to ensure profitable growth in line with underwriting guidelines.ResponsibilitiesLead the end-to-end underwriting of assumed treaty reinsurance submissions for financial risks including exposure and experience analysis, treaty structuring, and pricingAct as primary point of contact with reinsurance brokers for the assigned portfolio, managing day-to-day relationships, developing new opportunities, and leading negotiations of terms, conditions, and pricingEvaluate portfolio performance, strategy, and underwriting discipline to assess fit with the companys risk appetite and capital allocation prioritiesReview, structure, and negotiate treaty contracts including wording, coverage terms, exclusions, and endorsements in collaboration with legal, actuarial, and operations teamsPerform in-depth portfolio management, including monitoring accumulations, diversification, profitability, and key performance indicators for assigned treaties and overall segmentPrepare and present underwriting analyses, and recommendations to Underwriting CommitteesContribute to the annual business planning process for the Financial Risks treaty portfolio, including production, profitability, and exposure targets, and support the development and refinement of underwriting strategiesCollaborate with actuarial/pricing teams, providing underwriting insight and cedent/broker intelligence to ensure models and pricing appropriately reflect risk characteristics and market conditionsSupport accurate booking and financial accounting of treaties by working closely with reinsurance accounting and operations on statements, bordereaux, and related reportingRepresent the company at industry conferences, broker meetings, client visits, and market events in the US and internationally, promoting the companys brand and capabilitiesMaintain strong awareness of competitive landscape, rating agency perspectives, regulatory developments, and macroeconomic trends affecting financial risks, credit, political risk, surety, and mortgage marketsMentor junior underwriters or analysts as appropriate, sharing best practices and helping to build technical expertise within the teamSkillsBachelor's degree in mathematics, Finance, Economics, Statistics, or related fieldMinimum 10 years of relevant insurance/reinsurance experience, including at least 5 years focused on treaty or portfolio-level reinsurance underwriting in financial risks lines or closely related specialty linesProven track record managing a treaty portfolio, including monitoring performance, taking corrective action, and achieving profitability and growth targetsDemonstrated experience leading broker and client negotiations and representing the company externally in a senior underwriting capacityDeep technical understanding of treaty reinsurance structures (quota share, surplus, excess of loss), underwriting methodologies, and pricing approaches for financial risk portfoliosStrong knowledge of credit, political risk, surety, and/or mortgage insurance products and typical loss drivers of credit lossesSolid grasp of portfolio management principles, including diversification, correlation, concentration, and ability to translate them into underwriting decisionsAbility to analyze cedent financials, exposure data, and loss histories; interpret actuarial/pricing output; and make sound, independent underwriting judgmentsExcellent relationshipbuilding and communication skills, with the ability to influence and negotiate effectively with brokers, cedents, and internal stakeholdersStrong written and oral presentation skills; comfort presenting complex analyses to senior management and external partnersHigh degree of selfmotivation, accountability, and professional integrity; able to operate autonomously in a remote environment while collaborating effectively with colleagues in multiple locationsProficiency with underwriting and portfolio tools (e.g., Excel, pricing models, exposure management systems) and ability to work with large data setsWillingness and ability to travel domestically and internationally for broker/cedent meetings, conferences, and internal sessions, as neededAdvanced degree (e.g., MBA, master's in finance/risk management) preferredRelevant designations in any of the following is preferred: Associate in Reinsurance (ARe), Chartered Property Casualty Underwriter (CPCU)BenefitsAnnual incentive compensationMedical, dental, vision & life insuranceAccident, critical Illness & short-term disability insuranceRetirement plans with employer contributionsGenerous time-off programPrograms designed to support the employee well-being and financial Note: The jo
