Property Facultative Underwriter

3 weeks ago

Auckland City, New Zealand Gen Re Full time

Property Facultative UnderwriterShape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conduct business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of more than 40 offices, we have earned superior financial strength ratings from each of the major rating agencies.

Our Gen Re New Zealand Property Facultative team is seeking to appoint a **Property Underwriter** (5+ years) in our **Auckland** office. This position requires Property Underwriting skills, will report to the Property Facultative Country Manager and will work very closely with the wider Property Fac team.

Your Role

As a Property Underwriter you will be responsible for underwriting and pricing non proportional property facultative business, marketing existing client contacts, sourcing new client contacts, and sourcing new business.

Role Description

**Underwriting**:

- Underwrite non-proportional reinsurance for both individual risks and Online Placement Facilities, with adherence to departmental underwriting philosophy and rules and guidelines.
- Understand and demonstrate knowledge of standard risk coverages, contracts, policy forms, and terms and conditions.
- Ability to assess risk hazards and exposure, understanding the relationship between the Company risk appetite and the purchasing of reinsurance coverage.
- Understand and use the various underwriting tools, rating tools and pricing methodologies in addition to utilizing technical referrals for calculating accurate technical premiums as appropriate.
- Provide concise and clear documentation, effectively highlighting the underwriting thought process.
- Lead and participate in various underwriting activities, branch audits and complex business unit projects.

**Client Service**:

- Navigate client markets and segmentations around New Zealand, and influence clients at both the underwriter and management levels.
- Develop, maintain, and grow relationships within our existing client base as well as new client development.
- Understand market pricing and market terms and conditions as well as demonstrate awareness of broader industry issues and trends.
- Generate and service both individual risk as well as Program/Online Placement opportunities.
- Collaborate jointly with Facultative and Treaty teammates to provide holistic product solutions on behalf of Gen Re as an organization.
- Bring an array of solutions, alternatives and options to clients based on their reinsurance needs whilst not compromising technical pricing or exceeding capacity guidelines.
- Directly communicate and negotiate reinsurance terms and pricing to clients.
- Travel is New Zealand wide.

**Related Activities**:

- Contribute to a positive, supportive and disciplined environment.
- Accept responsibility and accountability.
- Understand and follow corporate and departmental philosophies, rules and guidelines.
- As appropriate, seek out/provide a quality second head on facultative risk transactions.
- Continuously and proactively improve skills, knowledge, and business acumen.
- Demonstrate efficiencies in workflow and time management.
- Endeavour to continuously improve departmental processes while adhering to established processing protocols.

Role Qualifications and Experience
- 5+ years minimum industry experience, commercial and some corporate property underwriting experience is essential
- Strong verbal and written communications skills
- Strong organizational ability and attention to detail
- Demonstrate ability to work independently and deal effectively with multiple tasks/priorities
- Strong team player, with the ability to collaborate effectively across various internal business units
- Strong client relationship, influencing and interpersonal skills
- High degree of energy/tenacity
- Willingness to learn
- Capacity to work remotely occasionally

Interested?
- All applicants must have work rights for New Zealand._

Contact

Human Resources

Our Address

**Auckland**

**General Reinsurance Australia Ltd.**
Level 15, Forsyth Barr Tower
55 Shortland Street
Auckland 1010 (New Zealand)

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