Flood Business Analyst

Role Overview

• Monitor the quality of the private flood portfolio and recommend targeted geographic caps and reinsurance coverage(s)
• Assist the internal reinsurance buying team by providing underwriting guidelines, underwriting audits, and data to external reinsurance partners
• Liaison with teams of exposure modeling, actuarial, data analytics, and predictive modeling to continuously refine exposure, risk selection, and pricing
• Manage external audits and compliance requests
• Contribute to evaluation of internal and external datasets to improve risk selection
• Measure and monitor key performance metrics for the private flood program (quoting activity, quote to bind ratios, average premium) and recommend specific steps to meet target metrics
• Manage new business submission flow
• Provide direction to rating and operations group to develop quotes
• Train and mentor junior underwriters
• Track and audit underwriting decisions made by junior underwriters
• Constantly scan the private flood insurance market to provide market intelligence
• Leverage market intelligence to recommend program changes to ensure products and programs remain competitive with limited selection risk
• Collaborate with sales, underwriting, and operations teams to ensure client service objectives are met
• Contribute to underwriting automation efforts
• Provide insights on underwriting workflow and rating mechanism
• Work closely with management, actuarial, and reinsurance teams to set triggers and metrics that make sure our product continues to grow and maintains its modeled integrity
• Monitor program finance and exposure reporting and initiate underwriting corrections to be completed
• Assist in prospecting new business by developing relationships with the sales team and retail agencies
• Accompany sales team on agency visits as underwriting subject matter expert
• Assist with developing agency-specific value propositions
• Develop custom solutions that cater to customer needs and the external market environment while maintaining underwriting integrity
• Referral underwriter for large commercial and residential property schedules and complex flood risk
• Leverage flood map data, and structure-specific exposure information, develop PML and loss estimates, and use sound judgment in pricing complex and large schedules of properties
• Communicate with retail agents/brokers to obtain documentation for underwriting and pricing flood risk.

Requirements

• A minimum of 5 years of experience as a Business Analyst within the insurance industry
• Insurance modeling or underwriting experience is desired
• Advanced Excel experience and basic SQL knowledge
• SQL expertise is highly desired
• Professional designations such as CPCU, ARe, ARM, or CIC
• Experience with property catastrophe model pricing attributes
• Working knowledge of excess & surplus lines statutes
• Experience underwriting multi‑family housing and condominium associations
• Ability to analyze structural integrity of high‑rise commercial buildings (experience preferred)
• Strong communication skills and advanced proficiency in PowerPoint
• Proven ability to build and maintain productive relationships with retail agencies; existing relationships with large commercial producers are a plus
• Strong initiative, adaptability, critical‑thinking skills, and accountability in a fast‑paced, evolving environment
• Solid understanding of company systems, products, and services, ensuring accurate and professional work deliverables.

Tech Stack

• SQL

Benefits

• Health insurance
• 401(k) matching
• Paid time off
• Flexible work arrangements
• Professional development opportunities