What are the responsibilities and job description for the Head of US FinPro Reinsurance position at QBE?
Primary Details
Time Type: Full time
Worker Type: Employee
Head of US FinPro Reinsurance
The Opportunity
Lead the US FinPro Treaty Underwriting team to write profitable business in accordance with Plan by developing and implementing a comprehensive approach to Financial and Professional Lines Treaty underwriting. Refining existing operations to ensure processes support the achievement of business plan results and enable optimal growth. Apply prudent decision-making to underwrite complex Financial and Professional Lines Reinsurance Treaty business that contributes to a profitable portfolio. Responsibilities include leading team, talent development, portfolio optimization, new business production, renewal retention, broker and client engagement, and the overall profitability of assigned portfolio including cycle management.
- Location: NY – New York City
- Work Arrangement: Hybrid (2-3 days in the office)
- The salary range for this role is between $210,000 - $315,000 depending on experience
Your new role
- Lead and manage delivery of sound underwriting recommendations by guiding and reviewing team analyses of reinsurance treaty portfolio opportunities, including profitability trends to ensure recommendations enhance book of business.
- Underwrite FinPro treaty reinsurance in accordance with the business plan and the personal authority to meet business objectives including negotiating rates, terms and conditions for existing and new business, managing production, review and issuance of contract documentation, and ensuring compliance with internal and external regulations and guidelines.
- Build strategic relationships with brokers and clients by networking, answering complex inquiries and providing engaged consultation.
- Strategically review and analyze the FinPro Lines treaty portfolio to identify progress toward business objectives.
- Research and obtain market intelligence in order to enhance organizational profit goals.
- Ensure team compliance with all legal, regulatory and Learning & Development requirements to ensure obligations are met.
- Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency.
- Contribute to recording and measurement of Reinsurance risks to ensure accuracy and good practice.
- Comply with any retrocessional requirements to minimize risk and to deliver business plan objectives.
- Establish and maintain relationships with brokers and cedants to understand their needs and provide products that respond to their needs.
- Foster strong partnerships with cedants by informing them on new products and programs, communicating opportunities for continuous improvement and clarifying and explaining underwriting decisions.
- Attend and participate in underwriting audits and presentations for new and renewal treaties.
- Contribute to assigned special projects by assisting with accounting reviews, account peer reviews and participating in department product and process improvement initiatives.
- Contribute to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value “can do” people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun.
- Adopt QBE values in personal work behaviors, decision-making, contributions and interpersonal interactions; mage own career development by soliciting feedback and valuing other perspectives
Required Qualifications
Education: Bachelor's Degree or equivalent combination of education and work experience
Experience: 10 years relevant experience
Preferred Competencies/Skills
- Demonstrable technical underwriting and pricing capability
- Extensive market network with key stakeholders
- Leadership skills, including mentoring and development of team members
Experience
- 10 years relevant experience in Financial and Professional Lines reinsurance
- Advanced proficiency in Excel, Power Point, Word, and other Microsoft Office products
- Experience developing strategic underwriting framework
- Experience managing, developing, or leading others
- Increasing levels of responsibility
Licenses/Certifications
- Progression toward or receipt of professional designations including CPCU, ARe, RPLU, or any actuarial exams.
Compensation Package: The salary range for this role is provided above. This is the national range for location(s) listed. The salary offer will be decided based on the role's complexity, its location, and the candidate’s professional background, including their education and experience. Beyond the base salary, regular full-time and part-time employees will also be eligible for QBE’s annual discretionary bonus plan based on business and individual performance. We encourage all candidates to apply, even if their salary expectations fall outside of this range, as we are committed to finding the right fit for our team.
QBE Benefits: We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to:
- Hybrid Working – a mix of working from home and in the office
- 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis
- Competitive 401(k) program with company match up to 8%
- Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
- Tuition Reimbursement for professional certifications, and continuing education
- Employee Network and Community – QBE actively supports six Employee Networks, and many ways to give back to your community
To learn more, click here:
Benefits | QBE US
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Why QBE? What if you could have a positive impact – at work and in the world?
At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people. We’re building momentum to achieve something significant and know our people are at the center of our success.
Our industry offers interesting and varied careers where you can help people to protect what matters most. As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind. And our international scale means we’re big enough for your ambitions, yet small enough for you to make a real impact.
Join us now, so you can be part of our success – and we can be part of yours!
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Commitment to Diversity
QBE is committed to providing reasonable accommodation to, among others, individuals with disabilities and disabled veterans. If you need an accommodation because of a disability to search and apply for a career opportunity with QBE, please inform our Talent Acquisition team to let us know the nature of your accommodation request and your contact information.
Equal Employment Opportunity:
QBE provides equal employment opportunities to applicants and employees without regard to race; color; gender; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; protected veteran status; or disability or any other legally protected status.
Supplementary information
Skills:
Analytical Thinking, Coaching for success, Cost Management, Critical Thinking, Customer Service, Influencing, Intentional collaboration, Managing performance, Navigating ambiguity, Portfolio Management, Prioritization, Process Improvements, Reinsurance, Risk Management, Stakeholder Management
How to Apply:
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Salary : $210,000 - $315,000
