Underwriting Associate, Financial Lines Treaty

Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk, through a network of branch and representative offices across North America, Latin America, EMEA (Europe, Middle East & Africa), AsiaPacific and London.

OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth.

OdysseyRe is rated A+ (Superior) by AM Best and A+ (Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.

Underwriting Associate
 

We are committed to developing future leaders of our organization and are seeking recent college graduates and candidates with 0-3 years of experience in P&C insurance/reinsurance who are invested in establishing and developing their underwriting career.

Qualified candidates will participate in the following:

• Mentorship with senior leaders across the company
• Reinsurance Fundamentals training
• Tools, resources and monetary incentives to obtain the Are/CPCU designation through The Institutes

Essential Functions:

• Gain a solid understanding of Odyssey’s treaty underwriting philosophy and conduct
• Perform underwriting responsibilities for renewal accounts as assigned
• Analyze all terms of new and renewal treaty placement slips to identify unusual features or clarify intent prior to binding
• Review new and renewal contract wording to verify accordance with agreed upon terms
• Review new and renewal submissions for changes in terms and accuracy of information
• Identify and request additional information required to complete analysis
• Coordinate collection of additional information from internal sources for an overall pre-authorization review with underwriters and actuaries
• Assist in the preparation of experience/exposure analyses to provide quantitative data for the underwriting decision process
• Participate in underwriting audits in order to support production and become familiar with accounts
• Prepare, analyze and maintain rate level comparisons for specific lines of business
• Upon binding a contract, inputs abstract information into database, facilitates signature and contract documentation diary
• Develop and maintain positive working relationships with underwriters, customers and business partners to provide high quality service to clients.

Skills, Knowledge & Ability:

• Effective analytical and problem-solving skills; heavy focus on mathematical coursework a plus
• Exceptional presentation and communication skills, both verbal and written
• Excellent interpersonal skills, including an ability to influence, overcome obstacles and develop positive business relationships
• Strong attention to detail
• Ability to comprehend and apply underwriting guidelines
• Demonstrated ability to work as part of a team
• Proficiency in MS Word, Excel, PowerPoint, and Outlook
• Discretion in handling confidential/sensitive information
• Strong organizational and time management skills with the ability to multi task/prioritize
• A self-starter and entrepreneurial mindset

Education/Experience:

• Bachelor degree in a related field, with a minimum GPA of 3.3
• Internship/work experience during college years

In New York City, NY the pay range for the role is $80,000 - $85,000. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program.  In addition, Hudson/Odyssey offers a comprehensive benefits package. This range is specific to New York City, NY and may not be applicable to other locations. 

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