Insurance Programs Underwriter (AVP/VP)

Company



Munich Re America



Location



New York
, United States

Insurance Programs Underwriter (AVP/VP)

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

Because we're committed to finding the best talent, we are open to considering candidates with a range of experience. Compensation, level and accountabilities for the selected candidate will be commensurate with experience.

The Company

Munich Re Specialty - North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients' needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.

Munich Re Specialty - North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on Munich Re Specialty - North America, including licensing, regulatory-required, and other information on the operating companies, visit Munich Re Specialty - North America Disclosures

The Opportunity

Future focused and always one step ahead!

This is a senior underwriting position, and we are looking for a person well versed in the property and casualty and ideally the professional space. Reinsurance knowledge/experience would be a plus.

As a member of our Programs underwriting team, this role is responsible for management and administration of insurance programs written through MGA's, including production, underwriting, monitoring, and servicing the business to achieve profitability goals.

Key to the achievement of our goals to become a digital enterprise which leverages data analytics to make decisions about current and future risks, you will be empowered and expected to support and add to our culture of innovation and our data-driven vision for the future.

Responsibilities:

• Underwrite and monitor various lines and classes of insurance program business while achieving profitability targets

• Maintain professional relationships with existing or prospective clients, including MGAs, brokers, fronting carriers, captive managers, etc.

• Develop new or potential program business clients, including cultivating current and prospective client relationships, understanding their business needs, and performing initial vetting of opportunities

• Develop monitoring program/schedule to administer existing insurance programs, which includes results monitoring, audits, referrals, and program expansion

• Establish/maintain production/underwriting strategies for assigned programs

• Possess a clear understanding of our underwriting guidelines and pricing guidelines; maintain an in-depth knowledge of all tools and models used in the underwriting process; maintain compliance with Corporate Underwriting (CU) and Divisional underwriting guidelines

• Handle individual risk referrals within underwriting authority, as appropriate

• As directed, serve on "ad hoc" committees to provide input and assistance to management, i.e., Line of business expert groups

• Participate in the development of policy/contract language, underwriting guidelines, and rating plans

• Collaborate with actuarial colleagues to develop rating plans and pricing tools when necessary

Qualifications:

• Bachelor's degree

• Minimum ten (10) years of Property and Casualty Underwriting experience

• Insurance carrier underwriting experience in MGA program business preferred

• Ability to independently lead multi-disciplinary teams including claims, financial, actuarial, operations and legal disciplines who participate as key stakeholder and team members on program business

• Proven analytical and problem-solving skills.

• Strong technical aptitude in general liability and property risks

• Strong analytical abilities including mathematics and statistical concepts

• Experience managing projects and teams in non-direct reporting relationships

• Excellent negotiation skills

• Superior communication skills

• Effective time management and project management skills related to evaluation of new insurance programs and their in-force management

• Strong working knowledge of Microsoft suite of products, especially Excel

• Entrepreneurial spirit and a solutions-based approach with the ability for complex problem solving and the desire to be part of an evolving data driven organization

• Willingness to travel (~ 25%) for client and prospect visits, conferences, audits, etc.

The Company is open to considering candidates in numerous locations, including NYC. The salary range posted below applies to the Company's NYC location.

The base salary range anticipated for this position is $197,900 - $290,300 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.