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Treaty Reinsurance Underwriter

Grcs LlcGreater Boston🇺🇸United States

Quick overview

SeniorityMid Senior
Employment typeFull Time
Work modeHybrid
LocationGreater Boston, United States
OnboardingBudgetingUnderwritingAgile

Job description

About GreenieRE

GreenieRE is a mission-driven specialty insurance and reinsurance platform, funded by impact capital and governed by a purpose trust — our mission is written into the legal architecture of the company rather than asserted in a brand deck. We exist to make insurance a force for a more sustainable and resilient economy, and to underwrite risks the market has not yet learned to price.

The role

We are hiring a Treaty Reinsurance Underwriter to support the underwriting function and be responsible for GreenieRE's MGA program portfolio. These programs cover the industry widely, including commercial and personal lines. Familiarity in managing property portfolios and aggregate CAT exposure is a plus. This role reports directly to the Chief Underwriting Officer.

In addition to onboarding and managing new programs, we are actively engaged in developing new products in the green/renewable space. You get to be the program architect, underwriter, and help find distribution/carrier partners.

While we are building a diversified portfolio of appropriately priced and underwritten business, we have a broad appetite for business in the renewables sector, and in areas where we can nudge towards energy efficiency in coverage and claims handling. We are trying to be innovators and first in class on new coverage that rewards resilience, supports electrification and decarbonization, and closes the protection gaps opening up as buildings and the equipment inside them change faster than the forms that cover them. You will help decide which of those opportunities we pursue, and in what order.

What you will do

    The Treaty Reinsurance Underwriter will support the underwriting function in Boston and will be responsible for the GreenieRE’s MGA program portfolio.

    Responsibilities will include but not be limited to:

    • Reviewing renewal and new business treaty reinsurance programs including pricing & wording evaluation to determine suitability for GreenieRE’s portfolio for all lines of business
      • Negotiating agreement terms, conditions, and contract terms
        • Designing bordereauxs, working with IT to establish timing and protocols
          • Conducting underwriting audits as required for both current and potential clients
            • Managing broker/client relationships through marketing & travel
              • Handling portfolio management through reporting, account management, and budgeting

What we are looking for

  • 5+ years of experience in multi-line underwriting in the (re)insurance industry. Program or MGA experience is a strong plus.
  • Experience in multiple lines & property catastrophe knowledge is preferred.
  • Proven track record of strong client management and communication skills.
  • Tech-forward thinking, with desire to embrace AI and other evolving technologies.

Why this job

  • No legacy anything. No monolithic policy administration system to work around, no inherited book to defend or reform. We are new - you will help us build the foundation.
  • Direct line to the decision. You report to the CUO and work alongside the CEO. Your good ideas get heard.
  • Real capital, real paper, impact-funded and purpose-trust governed, GreenieRE is several months into pursuing a financial strength rating from AM Best.

Proximity to Boston is strongly preferred. GreenieRE is supportive of an agile work schedule. This role will typically be 1-2 days in the office per week. Some travel will be required.

Compensation commensurate with experience.

Benefits

  • Medical/dental/vision/group life insurance
  • 401(k) with company match
  • Unlimited paid time off
  • 12 paid holidays
  • Hybrid work in Greater Boston
  • Quarterly company events

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ApplyOr apply on Grcs Llc's site