Reinsurance Underwriting Associate

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001's culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets - our employees.

Why this role matters:

The Reinsurance Underwriting Associate plays a crucial role in the underwriting process, supporting the evaluation and management of reinsurance transactions. This position involves assisting in the development of relationships with brokers and cedants, assisting in the screening and vetting of the transaction pipeline, and assisting in the underwriting of both renewal and new transactions. The Underwriting Associate will collaborate with various teams to conduct in-depth underwriting analysis, review contracts, and assist in drafting transaction memos. The successful candidate will possess strong analytical skills, risk mind-set, and effective communication abilities to excel in this dynamic and challenging role. This position requires working in the Stamford office two days a week. How you'll contribute: Organize submission intake. Work closely with the underwriting team to gather necessary information and assess risk factors. Collaborate with senior underwriters to evaluate and assess risks. Conduct due diligence and research as necessary. Collaborate with the actuarial team to draft comprehensive transaction memos for reinsurance transactions. Summarize key information, risks, and recommended actions for decision-making. Assist in the review of contracts and trust agreements related to reinsurance transactions. Provide support in operations, surveillance, and claims processes as needed. Help cultivate and maintain certain relationships with brokers and cedants to enhance business partnerships. Support the initial screening and underwriting process for new transactions. Collaborate with relevant teams to address and resolve issues in a timely manner. Contribute to research initiatives aimed at identifying new lines of business. Stay updated on industry trends and provide insights to enhance business strategies. What we're looking for: Bachelor's degree in relevant fields such as Finance, Business Administration, Actuarial Science or Risk Management. Minimum of 3 years of experience in underwriting, operations, actuarial, or other related fields. Experience within insurance or reinsurance is preferred. Proficiency in Microsoft Office Suite, particularly Excel, Word, and PowerPoint. Strong analytical skills with the ability to evaluate complex data and make informed decisions. Knowledge of underwriting principles and practices, including risk assessment and pricing methodologies. Familiarity with contract review and trust agreements related to reinsurance transactions a plus. Excellent communication skills, both verbal and written, with the ability to articulate complex concepts clearly and concisely. Strong interpersonal skills and the ability to collaborate effectively with cross-functional teams. Ability to prioritize tasks, manage time efficiently, and work effectively in a fast-paced environment. Adaptability and willingness to learn, with a proactive approach to professional development. A curious and highly analytical mindset to effectively support risk assessment and risk underwriting.

Benefits Highlights:

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001's benefits package. Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. All employees (regardless of hours worked) have immediate access to the Company's Employee Assistance Program and wellness programs—no enrollment is required. Employees may also participate in the Company's 401K plan, with matching contributions by the Company. Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences. #LI-LG1 Grow Your Career at Group 1001 Insurance We are a company that aims to shape the world around us. We don't simply talk about change, we create it - empowering people and communities through sports, education, innovation, and access to financial products and services. Group 1001 Insurance is an integrated, technology-driven financial services and insurance group that combines product innovation with digital accessibility. With annuity products and insurance that create and protect a strong future for all, we help individuals and businesses thrive. Through our education and sports partnerships, we empower communities. Because when we invest in growth for all, we invest in a better world. If you're ready to make an impact and help us build a better future, you're in the right place! Group 1001 Insurance Benefits Employees are our number one asset. We provide a comprehensive benefits package that goes beyond the basics to support employees through many of life's personal and professional milestones. Join our Talent Community If you don't see a role that fits your profile, join our Talent Community to share your contact information and resume. Not finding the right fit? Let us know you're interested in a future opportunity by clicking Get Started below or create an account by clicking 'Sign In' at the top of the page to set up email alerts as new job postings become available that meet your interest!