Executive Reinsurance Underwriter
Summit, WA - USA
Job Summary
Position Summary
The Executive Reinsurance Underwriter is responsible for providing strategic direction for high-level reinsurance underwriting decisions shaping complex coverage terms conditions and pricing strategies for the reinsurance portfolio. The role engages in strategic negotiations leads business development growth of reinsurance book of business and contributes to long-term profitability and market positioning. They ensure alignment with corporate objectives drive innovation in underwriting practices and adopt advanced technologies for enhanced efficiency.What will your job entail
Job Responsibilities:Delivers profitable growth through effective risk selection premiums coverage and drives remediation strategies for Reinsurance business. Makes high-level underwriting decisions for complex reinsurance coverage setting overarching terms conditions and pricing strategies. Grows reinsurance business with sourcing underwriting and execution of assumed reinsurance business through other channels. Provides strategic direction and ensures the reinsurance underwriting practices comply with evolving regulatory requirements and industry standards and oversees the entire portfolio. Partners with senior management to set clear objectives and strategies manages annual budget process and assists in strategic matters relevant to the overall direction of the portfolio. Reviews reinsurance proposals ensures accuracy and completeness of information and conducts due diligence on the cedents underwriting practices. Underwrites reinsurance policy renewals considering changes in risk factors market conditions and cedent performance. Evaluates risks associated with reinsurance proposals considering factors such as the cedents portfolio underwriting guidelines and exposure limits. Develops the annual plan conducts in-depth strategic market analysis and provides insights into emerging trends opportunities and potential threats. Drives innovation in reinsurance underwriting practices exploring and implementing new methodologies technologies and approaches to enhance competitiveness and efficiency. Manages relationships with key clients brokers and industry partners ensuring the organization is positioned as a key player in the reinsurance market. Leads crisis management efforts related to significant reinsurance events developing and implementing strategic risk mitigation plans to safeguard the organizations financial stability. Prepares and presents strategic reports on reinsurance activities performance metrics and market trends to the executive leadership offering insights and strategic recommendations. Coaches the reinsurance underwriting staff identifies and adopts technologies and analytical tools that enhance the efficiency and capabilities of the reinsurance underwriting function. Work Experience and Education:Bachelors degree required Masters degree preferred; Statistics Economics and Risk Management preferred. Any other related discipline or commensurate work experience considered. 12 years of experience in Reinsurance Underwriting with a Bachelors degree or 8 years and a Masters degree. Licenses & Certifications: State P&C and/or surplus line licenses in Reinsurance (ARE) or Associate in Risk Management (ARM) is a plus.Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race creed color religious beliefs physical or mental capabilities gender identity or expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand policy extends to all aspects of our employment practices including but not limited to recruiting hiring discipline firing promoting transferring compensation benefits training leaves of absence and other terms conditions and benefits of employment.
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them and their family members achieve their physical financial and emotional well-being addition to paid time off for company holidays vacation sick and personal days Ryan offers paid parental leave mental health services and more.
The target salary range for this position is $212000.00 - $265000.00 annually.The wage range for this role considers many factors such as training transferable skills work experience licensure and certification business needs and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards visit our website provide individuals with disabilities reasonable accommodations to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at
The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Required Experience:
Exec