Vice President, Property Facultative Underwriter

Title:

Vice President, Property Facultative Underwriter

Company:

Everest Reinsurance Company

Job Category:

Underwriting

Job Description:

About Everest:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Everest has established itself as one of the foremost facultative markets in the United States.  To support this, we are currently looking for an VP of Property Facultative Underwriter.  Responsibilities will include building and maintaining direct and intermediary business relationships where opportunities are cultivated, underwritten, and bound at your general discretion. 

Responsibilities include but are not limited to:

• Manage a team of underwriters located in Chicago, New York and Warren, NJ.

• Underwriting and managing business within guidelines on an on-going basis.

• Handle and underwrite a substantial portfolio of national risks across various occupancies. This will be done through both the broker channel and direct basis, covering pro rata as well as excess structures.

• Develop new business opportunities in order to achieve company goals for growth and profitability.

• Interact and collaborate with all functional areas of the company including actuarial, contract wording, accounting, law and claims departments.

• Adhere to pricing and selection standards that supports strategic objectives and achieve desired financial goals.

• Maintain awareness of competitor capabilities and strategies, as well as the overall insurance marketplace.

• Referral approver once underwriting authority is obtained.

• Assist in developing junior staff.

• Flexibility to market and travel.

• Assist with managing risk on a portfolio basis.

• Assist with improvement of underwriting processes and procedures.

Qualifications, Education & Experience

• Bachelor's degree preferred.

• Experience as a senior underwriter with 10+ years of experience.

• Experience managing a team in a fast-paced environment.

• Facultative experience is a plus.

• The ability to interpret catastrophe modeling and actuarial methodologies and output.

• Middle Market, Large General Property, Complex Risk and Boiler & Machinery underwriting experience preferred.

• Established relationships with brokers and direct markets preferred.

• Capable of managing a large portfolio.

• Knowledge of attritional loss costs.

• Strong decision-making skills

Knowledge, Skills & Competencies: 

• Extensive knowledge and experience underwriting profitable portfolios.

• Highly collaborative and able to work effectively across the organization as well as with external stakeholders.

• Ability to adapt and embrace change, solutions driven.

• Tenacity and decisiveness, with the courage to take risks.

• Strong interpersonal skills and demonstrates respect for the opinions of others.

• Collaborate with internal and external customers, stakeholders, and senior leaders and executives

• Take initiative and have an entrepreneurial spirit

• Be consultative providing innovative reinsurance solutions

The base salary range for this position is $200,000 - $275,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

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What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

 

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.  

 

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

Type:

Regular

Time Type:

Full time

Primary Location:

New York, NY

Additional Locations:

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at [email protected].

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