We’re 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.
Munich Re US has launched new insurance operations described as Munich Re Specialty Insurance that unite the strengths and expertise of Munich Re’s specialty commercial teams in North America. This allows for the development of an overarching sales strategy through which the specialty risk appetite and product offerings can be profitably optimized and expanded.
As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
The Opportunity - Future focused and always one step ahead
As an Underwriting Analyst for Excess and Surplus, you will assist our underwriters by providing the initial risk assessment support for new and renewal business. You will also be responsible for delivering timely and accurate risk clearance, account setup, rating and policy issuance. You will assist in the transition to new systems including testing and training. In this role you will:
Support new and renewal underwriting tasks for Excess and Surplus business units by organizing submission information; and by providing pricing, quoting and binding support to underwriters
Review, analyze and input financial and statistical information in appropriate system(s) to provide timely and accurate quote (pricing), policy, endorsement and additional required documentation
Interpret data and set up account in appropriate system(s) ensuring accuracy
Support policy and reinsurance (as assigned) binding, issuance and service requirements
High interaction and coordination with broker agents, clients, and internal team members to support underwriting decisions and to obtain and provide information as needed and answer general questions of underwriters and clients.
Recommend process improvements, tool enhancements, testing of system and process changes.
Perform quality control checks to ensure data accuracy and maximize the integrity, quality and usability of information.
Successful candidates will possess the following skills/capabilities:
Minimum of 4-6 years of relevant work experience required
2-4 years of experience with pricing, quoting, and binding support for Excess and Surplus property and/or casualty insurance (ISO rating experience preferred, not required)
Position requires experience and product knowledge for the business unit supported.
Intermediate to expert level computer skills – Microsoft Excel, Word, PowerPoint, SharePoint, and Outlook
Bachelor’s degree (or equivalent work experience) in related field
The ideal candidate:
Has a proactive and passionate service approach with ability to take ownership and drive issues to resolution
Is highly adaptive and able to work effectively in ambiguous and changing environments
Is able to work quickly and with minimal direct oversight
Demonstrates the ability to manage competing priorities within a team first, solutions oriented culture
About Munich Reinsurance America, Inc.
As a member of Munich Re's US organization, we offer clients the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
We analyze risks from a variety of different angles and deliver holistic insurance solutions. We work with interdisciplinary teams throughout Munich Re and its network of external experts to constantly analyze technological, social and legal developments, identifying trends, considering future scenarios, and ensuring our competence continues to grow. That is how forward-looking solutions for tomorrow's world are born. If your passion is to do exceptional things, and you are looking for a company that values your contributions, promotes value-oriented culture and rewards performance with opportunities for skill development and career advancement, then join our team. Experience a unique diversity of individual skills, challenging tasks, and what it means to always be a step ahead due to our ambitious and appreciative work environment.