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Underwriting Analyst

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Munich Re Specialty - North America
Full Time position
Listed on 2026-10-17
Job specializations:
  • Insurance
    Underwriter, Insurance Analyst
Salary/Wage Range or Industry Benchmark: 70000 - 107000 USD Yearly USD 70000.00 107000.00 YEAR
Job Description & How to Apply Below
Position: Underwriting Analyst - 14513

Applicants, including applicants holding a valid CPT/OPT visa, who will require employer sponsorship of a visa now or in the future will not be considered for this position.

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.

The Company

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability.

Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

We are seeking a detail-oriented Underwriting support professional to assist our Casualty business units with new and renewal underwriting activities. This role plays a critical part in the underwriting lifecycle, supporting submission intake, pricing, quoting, binding, and policy issuance while ensuring accuracy and timeliness of data and documentation.

The position requires strong analytical and organizational skills to review financial and statistical information, interpret data, and maintain accounts within underwriting systems. The role partners closely with underwriters, actuarial teams, brokers, and internal stakeholders to facilitate informed underwriting decisions and deliver high-quality service.

In addition to core processing responsibilities, this individual will contribute to process improvements, perform quality control checks to ensure data integrity, and support ongoing projects. The role may also involve mentoring junior team members and fostering collaboration across the underwriting team.

Key Responsibilities
  • Support new and renewal underwriting tasks for Casualty business units by organizing submission information; pricing, quoting, and binding support to underwriters
  • Review, analyze and input financial and statistical information in appropriate system(s) to provide timely and accurate service for quotes (pricing), policy and endorsement issuance, reinsurance booking, and provide additional required documentation
  • Interpret data and set up accounts in appropriate system(s) ensuring accuracy, often working directly with the account underwriter and/or actuarial team members
  • Support insurance policy and reinsurance contract binding, issuance, and service requirements
  • High interaction and coordination with broker agents and internal team members to support underwriting decisions and to obtain and provide information as needed.
  • Recommend process improvements, tool enhancements, testing of system and process changes
  • Act as a mentor and/or coach to Underwriting Assistants and peers as necessary
  • Perform quality control checks to ensure data accuracy and maximize the integrity, quality, and usability of information
  • Assist team members with and support projects as needed/assigned
Qualifications
  • Bachelor’s degree (or equivalent work experience) in related field
  • 3+ years insurance company experience with emphasis on analytic functions in underwriting support
  • Ability to work in an often fast-paced, client-centric environment
  • Excellent customer service skills and working knowledge of insurance policies
  • Intermediate to expert level computer skills – Microsoft Excel (highly important), Word, SharePoint, and Outlook

The Company is open to considering candidates in numerous locations, including Philadelphia (PA), Chicago (IL), and Princeton (NJ). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography. The base salary range anticipated for this position is $70,000 - $107,000, 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…

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