Job Title: Chief Underwriting Officer, Latam
Company: Everest Re Group, Ltd.
Job Category: Underwriting
Job Summary:
The Chief Underwriting Officer, Latam is responsible for driving underwriting excellence in the Latin American region. This includes advancing underwriting profitability, governance, risk management, product and pricing strategies, adoption of new tools, data and analytics, and empowering underwriters to make informed underwriting decisions.
Key Responsibilities:
Drive definition of risk appetite statements per Line of Business (LoB) and key portfolio in line with financial plans.
Translate risk appetite into underwriting guidelines.
Maintain local Underwriting Authority framework.
Manage processes for Underwriting referrals.
Integrate approved peer review processes through Latam.
Provide ad hoc support for Group and regulatory inquiries, implementation of new regulatory requirements.
Establish wording standards, wording database, and processes for manuscripting.
Ensure the Risk Management framework is embedded into the underwriting function and that all underwriting controls are designed and operating effectively.
Support International requirements to monitor reinsurance treaties in collaboration with Everest Re Group, Ltd. and LoB leads.
Define and maintain processes for Facultative Reinsurance purchases in line with International processes.
Track Facultative Reinsurance, and provide Reinsurance data support to LoB and Pricing teams.
Build underwriting community across markets, around LoB and key themes.
Define key Underwriting competency and development with LoB leaders and country leaders.
Build and maintain processes for Underwriting skills assessment, aligned with cascading of Underwriting authority.
Design appropriate Learning and Development offers to drive skill development and Underwriting community building.
Work with International Head of Pricing to ensure technical pricing models for all LoBs are fit for purpose throughout Latam.
Support processes for monitoring of pricing adequacy, rate (exposure and pricing) incl regular reporting and deep dive analyses.
Advance use of new (external) data sources to drive pricing sophistication.
In conjunction with Exposure Management and Underwriting, ensure support provided for Global Cat Monitoring and event responses.
Support advancement of accumulation analyses, building new and robust approaches.
Lead portfolio and technical underwriting reviews as per annual plan, working with senior LoB underwriters for expert input.
Maintain standard portfolio performance reporting, in close alignment with underwriting leadership, based on finance and pricing reports.
Coordinate annual financial planning process with underwriting management, working with Finance, LoB teams and Pricing.
Drive targeted insights into portfolio trends, working with Pricing team, to help identify potential adverse developments.
Ad hoc portfolio analyses for LoB leaders.
Work with LoB leaders on action plans for underperforming portfolios, as needed.
Chair relevant legal entity committees to ensure that underwriting activities, objectives and controls are being met.
Provide regular underwriting reports to the Latam Boards.
Qualifications and Experience:
15+ years of insurance underwriting and related experience.
Broad knowledge of P&C and Financial Lines underwriting.
Ability to operate in a dynamic and high-paced environment with a sense of urgency.
Adaptable and able to manage competing priorities.
Strong problem-solving analytical skills.
Growth mindset, desire to both learn and teach.
Ability to work in a team environment.
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