Underwriter (Property Facultative)

Underwriter (Property Facultative) Shape 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 conducts 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 37 offices, we have earned superior financial strength ratings from each of the major rating agencies. General Reinsurance, Madrid Branch (a subsidiary of General Reinsurance AG) is offering an excellent opportunity for Property Facultative Underwriter . Main Purpose of Role The role holder will be responsible for marketing, sourcing new business, handling of accounts, underwriting and transacting facultative business. Context of Role The role offers the opportunity to work within a highly experienced team with a large portfolio of clients. The successful candidate will be empowered to make underwriting decisions with considerable underwriting authority and corresponding responsibility and accountability. We offer a continuing variety of tasks; underwriting authority, developing specialised expertise in a line of business, class of business, or with a specific client. The role holder will be the principal relationship manager for designated clients and will negotiate the transfer of risk, pricing and terms directly with the client. Key Responsibilities Underwriting:

• Grow a profitable portfolio of property excess of loss business
• Underwrite and price individual risk and programme facultative reinsurance, with adherence to departmental underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards
• Understand market pricing and market terms and conditions
• Demonstrate a deep knowledge of:
• Contracts and policy forms
• Pricing structures
• Terms and conditions
• Topical underwriting issues
• Directly communicate/negotiate terms and conditions with clients

Client Account management

• Develop and maintain relationships with clients at the underwriting and management level
• Understand treaty structures and facultative reinsurance buying patterns
• Assume responsibility for assigned client relationship, including development and implementation of marketing plans
• Actively seek new business opportunities within existing relationships and within the wider insurance market
• Demonstrate awareness of broader industry issues and trends

Teamwork

• As appropriate, seek out/provide a quality second head on facultative risk transactions
• Ensure teamwork within client, branch, cross-branch, cross-unit or project teams by contributing to a positive, supportive and disciplined environment
• Participating in and contribute to training and coaching initiatives

Running the Business

• Participating in branch planning in support of department goals
• Understanding and utilising diagnostic reports, providing insights to colleagues
• Ongoing information sharing and interaction with property facultative colleagues and other corporate departments
• Adhere to established processing protocols
• Endeavouring to continuously improve departmental processes
• Coordinating, participating in and leading various special projects for the branc

Qualifications & Experience This role would suit a suit an energetic, forward-thinking, team player with experience in property insurance. The ideal candidate will enjoy working in collaborative international teams. With excellent communication and interpersonal skills, the candidate will thrive in the environment of client interaction. In addition, the following qualifications and attributes are desirable:

• Experience in property insurance underwriting is essential
• 5+ years in client facing positions with broker interaction.
• Knowledge of the Spanish market.
• Strong verbal and written communications skills.
• Good communication skills with the ability to work effectively with people from all areas of the business.
• Critical thinking skills.
• Excellent multi-tasking skills.
• Ability to extract and manipulate data proficiently.
• High degree of energy/tenacity.
• Entrepreneurship and sense of ownership.
• Spanish and English language proficiency essential.
• Accepting responsibility and accountability;
• Demonstrating a strong work ethic and a sense of urgency.
• Continuously improve own skills;
• Demonstrating organisational efficiency and time management skills;

Closing Date 31 January 2025 Our Address General Reinsurance AG Sucursal en España Plaza Manuel Gómez Moreno, 2 28020 Madrid (Spain) Please note, only successful candidates will be contacted, It is the continuing policy of the Gen Re Group to afford Equal Opportunity to qualified individuals without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or citizenship, sexual orientation, gender identity, or any characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act. Job ID req623

Information :

• Company : General Re Corporation
• Position : Underwriter (Property Facultative)
• Location : Madrid, Madrid provincia
• Country : ES