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Reinsurance Underwriting Analyst

ICW Group
San Diego, CA Full Time
POSTED ON 4/17/2025
AVAILABLE BEFORE 5/17/2025

Are you looking for more than just a job? Do you want to have a voice and feel a sense of belonging? At ICW Group, we hire innovative people who consistently adapt, grow and deliver. We believe in hard work, a fun work environment, and embracing creativity that only comes about when talented people collaborate to develop solutions. Our mission is to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for seven consecutive years as a Top 50 performing P&C company offering the stability of a large, profitable and growing company combined with a small-company entrepreneurial spirit. Our purpose-driven ethos provides team members with opportunities to contribute, develop, and belong.

PURPOSE OF THE JOB

The purpose of this job is to support Underwriters within the Assumed Reinsurance team through analysis and account management activities. This position exists to provide assistance the Assumed Reinsurance team in the analysis and review of reinsurance submissions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Supports the Underwriters through analysis of pricing and analytics

  • Conducts research and in-depth technical analyses in the areas of pricing and analytics to identify problems and recommend solutions to stakeholders.
  • Utilizes actuarial techniques to discover patterns, insights, and trends in data and makes recommendations to improve the end product in order to achieve shared objectives.
  • Collects, aggregates, and analyzes data from multiple internal and external sources that impacts reinsurance contracts.
  • Designs, builds, and tracks exposure and aggregations, data quality, and modeled loss estimates.
  • Participates in actuarial pricing of accounts.

Provides reports and strategic analyses to management regarding treaty and portfolio risk

  • Creates monthly and ad-hoc reports for management regarding the current risk portfolio.
  • Reviews reinsurance treaties to verify that required clauses are included and all risks are properly priced.
  • Analyzes Underwriting workflow, seeks enhancements and makes recommendations for improved efficiency.
  • Maintains and contributes to underwriting guidelines to mitigate risk.
  • Provides account management assistance to underwriters

  • Processes assumed reinsurance contracts including data input into various contract management systems and ensures accuracy and validity of data.
  • Handles midterm account management activities and anticipates business needs.
  • Gathers information for new business and renewal quoting to assist underwriters in ensuring timely execution of contracts.
  • Ensures accuracy and organization of files in accordance with department guidelines.
  • Assists accounting with basic accounting transactions.
  • Provides customer service to the Company's clients

  • Develops relationships with reinsurance brokers to facilitate account processing and outstanding data items.
  • Serves as the first point of contact for customer inquiries during the contract life cycle and delivers timely responses.
  • Interacts with internal and external accounting departments to facilitate account processing and ensure timely and accurate reporting.
  • Identifies workflow issues and recommends changes for process improvement.
  • Duties may include any reasonable Company- related assignments as directed by Management.
  • Trains co-workers on computer systems and department procedures.
  • SUPERVISORY RESPONSIBILITIES

    This role does not have supervisory responsibilities.

    EDUCATION AND EXPERIENCE

    Bachelor's degree from four-year College or university required with major or emphasis in Math, Science, Computer Science, Engineering, Finance, Actuarial, Business. Minimum 1 years of related experience and / or training; or, equivalent combination of education and experience required.

    CERTIFICATES, LICENSES, REGISTRATIONS

    None required.

    KNOWLEDGE AND SKILLS

    Strong computer skills with thorough knowledge of the Microsoft Office, specifically Word and Excel. Strong organizational, analytical and quantitative skills. Ability to provide efficient, timely, reliable, and courteous service to customers. Excellent written and verbal communication skills, attention to detail is an absolute must, and a passion for high performance. Skilled in performing complex numerical calculations and preparing management reports. Ability to exercise discretion, independent judgment and problem solving abilities to complete work assignments.

    PHYSICAL REQUIREMENTS

    Office environment – no specific or unusual physical or environmental demands and employees are regularly required to sit, walk, stand, talk, and hear.

    WORK ENVIRONMENT

    This position operates in an office environment and requires the frequent use of a computer, telephone, copier, and other standard office equipment.

    We are currently not offering employment sponsorship for this opportunity

    The current range for this position is

    59,027.87 - $93,082.44

    This range is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.

    WHY JOIN ICW GROUP?

  • Challenging work and the ability to make a difference
  • You will have a voice and feel a sense of belonging
  • We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
  • Bonus potential for all positions
  • Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)
  • 10 paid holidays throughout the calendar year
  • Want to continue learning? We'll support you 100%
  • ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex / gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

    Salary : $59,028 - $93,082

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