Salary Job Openings

Senior Underwriting Specialist (Reinsurance)

Factory Mutual Insurance Company
Johnston, RI Full Time
POSTED ON 3/8/2024

Overview

FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in over 100 countries, in many challenging roles.  

Responsibilities

Candidate will support the development of the organization’s optimal reinsurance solutions as we evolve and embark on new strategic underwriting growth initiatives and opportunities. This will require the consideration of both traditional and alternative reinsurance structures, traditional and alternative reinsurers like insurance-lined securities, investors, and our own capital/surplus when recommending the optimal solution.

Qualifications

  • Financial background capable of preparing budget projections for all ceded re costs each year and managing collateralization requirements, including commutation, rollover and strategic deployment of capital.
  • Excel-based modeling for strategic uses of capital
  • Firm understanding of FM Global’s business model and line underwriting.
  • Proficient in reinsurance products, with an understanding of market trends and practices that could help optimize the organizations reinsurance strategy
  • Lead the development of new reinsurance products and the day-to-day maintenance of those created reinsurance products.
  • Experience in developing and reviewing contractual language, terms and conditions of reinsurance contracts
  • Participate in underwriting audits performed in Operations offices, as well conduct periodic audits of specific reinsurance areas of the Company's book
  • Represent Natural Hazards UW, where a light touch/assistance is necessary
  • Minimum Education: 4 year college degree/bachelors
  • Preferred Education: MBA/graduate degree
  • Experience: 10 years in insurance/reinsurance whether from a financial or underwriting discipline

    •  

     

    The hiring range for this position dependent on final grade and title is $126,800 to $182,300 USD. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

     

    FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce. 

    Salary.com Estimation for Senior Underwriting Specialist (Reinsurance) in Johnston, RI
    $162,467 to $211,197
    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    Sign up to receive alerts about other jobs with skills like those required for the Senior Underwriting Specialist (Reinsurance).

    Click the checkbox next to the jobs that you are interested in.

    • Insurance Products Skill

      • Income Estimation: $125,325 - $184,315
      • Income Estimation: $129,674 - $192,863

    • Policy Analysis Skill

      • Income Estimation: $135,173 - $202,310
      • Income Estimation: $170,031 - $210,560
    Employees: Get a Salary Increase
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at Factory Mutual Insurance Company

    Jurisdictional Consultant I
    Factory Mutual Insurance Company
    Hired Organization Address Creve Coeur, MO Full Time
    Overview The Jurisdictional Consultant is responsible for learning and developing the skills required to manage, inspect...
    Account Coordinator for Cargo
    Factory Mutual Insurance Company
    Hired Organization Address Parsippany, NJ Full Time
    Overview FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FOR...
    Breakfast/Lunch Wait Staff
    Factory Mutual Insurance Company
    Hired Organization Address Norwood, MA Full Time
    Overview Hobbs Brook Real Estate LLC is an innovative commercial real estate leader with a portfolio of forward-thinking...
    Account Engineer Fire & Natural Hazards, Chemical Operations
    Factory Mutual Insurance Company
    Hired Organization Address Norwood, MA Full Time
    Overview FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FOR...
    View More Jobs at Factory Mutual Insurance Company

    Not the job you're looking for? Here are some other Senior Underwriting Specialist (Reinsurance) jobs in the Johnston, RI area that may be a better fit.

    Analyst - Underwriting

    NTT DATA, Woonsocket, RI

    RI-Providence Insurance Sales Specialist 😎 Hybrid

    AMERICAN SENIOR BENEFITS LLC, Warwick, RI

    View More Jobs