About Us: My client is a global leader in providing innovative reinsurance solutions to financial institutions. The firm's commitment to excellence, deep industry expertise, and forward-thinking approach have established it as a trusted partner in the reinsurance industry. The company offers a collaborative environment where skills and ideas can make a significant impact.
Position Overview: My client is seeking a highly experienced and motivated Senior Underwriter for Financial Institutions to join its dynamic team. The successful candidate will be responsible for underwriting and managing a diverse portfolio of financial institution risks, including banks, asset managers, insurance companies, and other financial entities. This role requires a deep understanding of financial markets, strong analytical skills, and the ability to develop and maintain client relationships.
Key Responsibilities:
- Risk Assessment: Evaluate and underwrite complex financial institution (FI/ FinTechs) risks, ensuring adherence to the company's underwriting standards and guidelines.
- Portfolio Management: Manage and monitor a diverse portfolio of financial institution clients, ensuring balanced risk exposure and profitability.
- Client Relationships: Build and maintain strong relationships with clients, brokers, and other key stakeholders. Provide expert advice and solutions tailored to clients' needs.
- Market Analysis: Conduct thorough market research and analysis to stay abreast of industry trends, emerging risks, and competitive landscape.
- Policy Development: Collaborate with internal teams to develop and refine underwriting policies, procedures, and guidelines.
- Strategic Planning: Contribute to the development and implementation of strategic plans to expand the company's presence in the financial institutions sector.
- Compliance: Ensure all underwriting activities comply with relevant regulations and company policies.
- Training and Mentoring: Provide guidance, training, and mentorship to junior underwriters and other team members.
Qualifications:
- Education: Bachelor's degree in finance, economics, business, or a related field. Advanced degree (MBA, CFA) is preferred.
- Experience: Minimum of 7-10 years of underwriting experience within the financial institutions sector, with a proven track record of success. Extensive experience in Management Liability and Professional Liability is required.
- Strong analytical and quantitative skills with the ability to assess complex risks.
- Excellent communication and interpersonal skills.
- Strong negotiation and problem-solving skills.
