Full-Time

Reinsurance Underwriting Analyst

Updated on 12/23/2024

ICW Group

ICW Group

1,001-5,000 employees

Financial Services
Healthcare

Compensation Overview

$59k - $93.1kAnnually

+ Bonus

Junior

No H1B Sponsorship

Remote in USA + 1 more

More locations: San Diego, CA, USA

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor's degree from four-year College or university required with major or emphasis in Math, Science, Computer Science, Engineering, Finance, Actuarial, Business.
  • Minimum 1 years of related experience and/or training; or, equivalent combination of education and experience required.
  • Strong computer skills with thorough knowledge of the Microsoft Office, specifically Word and Excel.
  • Strong organizational, analytical and quantitative skills.
  • Ability to provide efficient, timely, reliable, and courteous service to customers.
  • Excellent written and verbal communication skills, attention to detail is an absolute must, and a passion for high performance.
  • Skilled in performing complex numerical calculations and preparing management reports.
  • Ability to exercise discretion, independent judgment and problem solving abilities to complete work assignments.
Responsibilities
  • Supports the Underwriters through analysis of pricing and analytics.
  • Conducts research and in-depth technical analyses in the areas of pricing and analytics to identify problems and recommend solutions to stakeholders.
  • Utilizes actuarial techniques to discover patterns, insights, and trends in data and makes recommendations to improve the end product in order to achieve shared objectives.
  • Collects, aggregates, and analyzes data from multiple internal and external sources that impacts reinsurance contracts.
  • Designs, builds, and tracks exposure and aggregations, data quality, and modeled loss estimates.
  • Participates in actuarial pricing of accounts.
  • Creates monthly and ad-hoc reports for management regarding the current risk portfolio.
  • Reviews reinsurance treaties to verify that required clauses are included and all risks are properly priced.
  • Analyzes Underwriting workflow, seeks enhancements and makes recommendations for improved efficiency.
  • Maintains and contributes to underwriting guidelines to mitigate risk.
  • Processes assumed reinsurance contracts including data input into various contract management systems and ensures accuracy and validity of data.
  • Handles midterm account management activities and anticipates business needs.
  • Gathers information for new business and renewal quoting to assist underwriters in ensuring timely execution of contracts.
  • Ensures accuracy and organization of files in accordance with department guidelines.
  • Assists accounting with basic accounting transactions.
  • Develops relationships with reinsurance brokers to facilitate account processing and outstanding data items.
  • Serves as the first point of contact for customer inquiries during the contract life cycle and delivers timely responses.
  • Interacts with internal and external accounting departments to facilitate account processing and ensure timely and accurate reporting.
  • Identifies workflow issues and recommends changes for process improvement.
  • Duties may include any reasonable Company-related assignments as directed by Management.
  • Trains co-workers on computer systems and department procedures.

Company Stage

N/A

Total Funding

N/A

Headquarters

Round Rock, Texas

Founded

1972

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion to New York opens new market opportunities and regional partnerships.
  • Addition of Surety Bonds attracts clients in construction and real estate sectors.
  • Paul Zamora's leadership may improve underwriting practices and profitability.

What critics are saying

  • New York's complex regulatory environment may challenge ICW Group's expansion.
  • Surety Bonds introduce underwriting risks requiring specialized expertise.
  • Charitable initiatives may divert focus from core business operations.

What makes ICW Group unique

  • ICW Group offers a diverse portfolio including Surety Bonds and Guarantees.
  • Recognized in Ward's 50 top-performing P&C companies for 2023, enhancing credibility.
  • Strong corporate social responsibility through initiatives like Change4Change.

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