What are the responsibilities and job description for the Underwriting Director - Life and Health position at Faraday?
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General Re Corporation, a subsidiary of Berkshire Hathaway Inc. , is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.
Gen Re delivers reinsurance solutions to the Life / Health and Property / Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices , we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re currently offers an excellent opportunity for an Underwriting Director to work in the Gen Re Life and Health operations based in Toronto. This role has the option of working remotely or being located in our branch's corporate offices. We are seeking candidates in the greater Toronto area.
Role Description
Reporting to the Chief Underwriting Officer, the Underwriting Director will be responsible for applying sound underwriting judgment in evaluating facultative risks referred by client companies, with a focus on large cases. The successful candidate must have the capacity for the timely turnaround of cases which meet agreed client service standards and ensure that the highest quality of service delivery is met.
The successful candidate should possess the motivation and aptitude to assume more strategically focused responsibilities in the longer term. It is critical that the Underwriting Director be attracted to the prospect of working in an entrepreneurial environment and that they possess the communication skills and confidence necessary to engage, on a daily basis, with senior level clients and colleagues. They will play a critical role in raising the profile, as a member of the Company’s service offerings in Canada and supporting its corporate objectives.
Key Responsibilities :
- Provide sound underwriting judgment on all facultative cases, with a focus on high net worth business, while holding signing authority up to $20M.
- Respond to client queries by providing technical support, informed opinions and general counsel as a trusted partner and underwriting SME.
- Develop and maintain effective working relationships with clients through daily communication and by visiting them at their home offices.
- Provide support for Actuarial, Administrative and Marketing departments and periodically work on ad hoc inter-departmental projects.
- Contribute to initiatives that improve operational efficiencies, mitigate enterprise-wide risk and ensure that the standards of underwriting and auditing policies are met.
- Represent the Branch at national and regional underwriting meetings, conferences and industry workshops.
- Keep abreast of evolving underwriting practices and consistently research industry trends, sharing valuable learnings with the Chief Underwriting Officer and the rest of the senior leadership team.
- Document and present the results of client visits to the senior leadership team as necessary.
- Establish, promote, and develop effective business relationships with internal colleagues.
- When directed can support the review of contestable claims.
Role Qualifications and Experience
The successful candidate will be paid a competitive compensation package, commensurate with the level, status, and responsibilities of the role.
Our Address
General Reinsurance Corporation
120 Long Ridge Road
Stamford, CT 06902 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
C'est la politique continue de la Société Générale de Réassurance d'offrir des opportunités d'emploi égales à tous les employés et candidats à l'emploi sans distinction de race, de couleur, de sexe (y compris la grossesse), de croyance (religion), de lieu d'origine ou d'ascendance, d'âge, de handicap, d'état matrimonial, de situation familiale, de citoyenneté, d'orientation sexuelle, d'identité de genre, d'expression de genre ou toute autre caractéristique protégée par la législation applicable en matière de droits de l'homme. En outre, Gen Re propose des accommodements raisonnables dans le processus de candidature et dans le cadre de l'emploi, jusqu'au point de contrainte excessive.
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