Everest Re Group

Property Facultative Underwriter

Everest Re Group$100K — $145K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree preferred.
  • Minimum 10 years as a senior underwriter.
  • Experience managing a team in a fast-paced environment.
  • Facultative experience is advantageous.
  • Ability to interpret catastrophe modeling and actuarial methodologies.
  • Background in Middle Market, Large General Property, or Complex Risks preferred.
  • Established broker relationships are a plus.

Responsibilities

  • Manage a team of underwriters in multiple locations.
  • Underwrite and manage business adhering to guidelines.
  • Handle a significant portfolio of national risks via broker and direct channels.
  • Develop new business opportunities to drive growth.
  • Collaborate with internal teams across various departments.
  • Adhere to pricing standards that align with strategic goals.
  • Maintain knowledge of competitor strategies and the insurance marketplace.

Benefits

  • Health insurance coverage.
  • Employee wellness program.
  • Life and disability insurance.
  • 401k matching.
  • Retirement savings plan.
  • Paid holidays and PTO.
Full Job Description
Title:
Property Facultative Underwriter

Company:
Everest Reinsurance Company

Job Category:
Underwriting

Job Description:

Everest has established itself as one of the foremost facultative markets in the United States. To support this, we are currently looking for a Property Facultative Underwriter. Responsibilities will include building and maintaining direct and intermediary business relationships where opportunities are cultivated, underwritten, and bound at your general discretion.

Job Requirements:
  • New business production and renewal underwriting as well as adherence to underwriting rules and guidelines and developing strong customer relationships through providing top-notch service.
  • Work with all functional areas of the company including claims, accounting, and product management to support company objectives.
  • Ability to travel. This individual would be expected to spend time on the road after the initial training process.
  • Marketing that includes travel monthly or as needed, to assigned markets and territory.
  • Build relationship with ceding companies and reinsurance intermediaries
  • Maintain awareness of competitor capabilities and strategies, as well as the overall insurance marketplace.
  • Experience working with catastrophe models a plus.
  • Property Facultative experience preferred.
  • Experience with specialty business is also preferred (power generation, mid-stream production, refining/petrochemical, specialty chemicals, renewables, and mining).


Qualifications:
  • Bachelor's degree required.
  • Minimum 5 years of experience working as a Property Underwriter with various occupancies including large accounts.
  • Excellent marketing skills and established relationships with insurance companies.
  • Strong interpersonal and writing skills with the ability to flourish in a team environment.
  • The ability to interpret engineering reports.
  • Prior Reinsurance experience a plus.
  • The ability to interpret catastrophe modeling and actuarial methodologies and output.
  • Proficiency in Excel and PowerPoint required.


The base salary range for this position is $100,000 - $145,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

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What if I don't meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn't align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Type:
Regular

Time Type:
Full time

Primary Location:
New York, NY

Additional Locations:
Chicago, IL - South Riverside

About Everest Re Group

Everest Re Group, Ltd. is a Bermuda-based holding company that operates through subsidiaries that provide reinsurance and insurance products. The company offers property, casualty, and specialty products to insurance companies in the United States and internationally. Everest Re Group has operations in North America, Europe, and Asia. The company was founded in 1999 and is headquartered in Liberty Corner, New Jersey.
Learn more about Everest Re Group
Size
1,475 employees
Market Cap
$13 billion
Industry
Net Income
$514.1 million
5 Year Trend
+15.3%
Revenue
$9.5 billion

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