Senior Underwriting Assistant

Title:

Senior Underwriting Assistant

Company:

Everest Reinsurance Company

Job Category:

Underwriting

Job Description:

About Everest:

Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people. 

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

•          Generous tuition/continuing education reimbursement

•          Mentoring opportunities

•          Flexible work arrangements

•          Talent development initiatives

•          Networking groups

Job Summary:

This position will provide support to the International Treaty Underwriting staff.  In this role, you will be working alongside the Underwriters to assist in the underwriting process and performing associated technical duties. The ideal candidate will be capable of mastering multiple systems and have experience working in a paperless environment. Additionally, Everest will be looking for a person who is computer savvy and is already proficient in MS Word, PowerPoint, and Excel. A strong customer service approach, as well as a proven track record of success in a production environment, will be a key factor for success in this position.

The International Treaty of Everest Reinsurance Company, a member of the Everest Re Group, Ltd. is looking for an Underwriting Operations Analyst to join our Miami office.

The Underwriting Operations Analyst will report to the Lead Underwriter for Latin America region and will be responsible for the growth, maintenance, support, and profitability of our LatAm treaty portfolio in a joint effort. This position will be responsible for assisting in the developing, marketing, soliciting, selecting, sustaining, and underwriting of P&C and related reinsurance treaty business throughout the region, including both proportional and non-proportional treaties.

Responsibilities include but not limited to:

• Work collaboratively with underwriters on all aspects of rating and processing new and renewing business.

• Ensure consistency between what is underwritten and what is in our internal systems.

• Clear Submissions in internal systems, including filing of all relevant data, documents, and correspondence.

• Review checklist to ensure that all submission documents required for analysis are completed.

• If submissions are incomplete, consult with the underwriter to request missing documents.

• Download historical results for each program and inquire about updated accounting status with the accounting department.

• Review slip and compare terms and conditions with expiring and/or authorized (commissions, EPI, aggregates, event limits, risk limits, coverages, LOB’s, etc.)

• Any significant discrepancies need to be consulted with the underwriter (statistics, terms and conditions, losses, or reserves)

• Run internal modeling and prepare actuarial pricing tools as demanded.

• Ensure contractual documents are consistent with agreed treaty terms; comparing them to the prior year and have them ready to be returned in a timely manner

• Complete the underwriter’s worksheet with the modeling/pricing results.

• Timely and accurate booking of programs in the internal system, reflecting the final agreed terms and conditions and making sure all deadlines are met.

• Keep track and ensure the timely sending of contractual documents, including preparation of the signing pages and sending to the underwriters for their review and signatures.

• Provide and encourage an exceptional level of service to existing and potential clients.

• Collaborate with internal corporate underwriting, claims, accounting, marketing, and operational departments to achieve collective team goals.

Qualifications, Education & Experience:

• Undergraduate Degree or Minimum of 7 years of Reinsurance/Insurance Work Experience

• Prior experience underwriting operations.

• Fluent knowledge of Spanish - English

Knowledge,