Product Development Specialist

All locations Chicago, United States;
Hartford, United States;
New York, United States;
Princeton, United States;

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.

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.

Future focused and always one step ahead!

This Product Development Specialist role will support our U.S. Underwriting teams by drafting new and amending existing policy form wordings, liaising with the regulatory and operations teams during the form filing process, and collaborating with claims and underwriting teams. This role reports to the Product Development Sr Manager Casualty.

The Product Development Specialist will work closely with the Product Development team, and other stakeholders in Corporate Underwriting and functional Business Units. This role will foster continuing development of knowledge of product lines and other functions.

• Minimum 10 years of Property and Casualty underwriting experience preferably with an Insurance Carrier or Wholesale Insurance Broker
• ISO and Manuscript Insurance Coverage and Form competency necessary
• Ability to research and resolve technical insurance issues
• Proficient in all Microsoft Office programs (Outlook, Word, Excel, One Note, PowerPoint, SharePoint, and Teams)
• Strong influencing skills to ensure alignment with Underwriting, Operations, Finance, Technical, and Compliance
• Strong leadership skills with the ability to build rapport, teamwork, and resolve conflicts
• Presentation and training experience
• Bachelor's or University Degree in Business Management, Science, Finance or equivalent required
• Insurance Designation such as CPCU, ASLI, AU a plus

• Bachelor's Degree required. Juris Doctor Degree preferred. CPCU a plus.
• 5-8 years insurance experience in product development process and overall product knowledge based on previous law firm or relevant insurance and/or reinsurance experience in product development, claims or underwriting in Commercial Casualty and Professional Liability lines of business, including sophisticated underwriting applications and techniques
• Strong command of ISO Commercial Lines, ISO Manuals/Circulars, regulatory concepts, along with a strong collaborative, proactive and self‑starter nature
• Superior interpersonal, communication, and time management skills and ability to develop and foster relationships with key internal and external stakeholders and contribute in a dynamic, fast‑paced environment and effectively deliver on multiple priority matters
• Excellent research, detail orientation, creative problem solving, and project management skills
• Proficiency in enhancing existing processes and feedback loops

The Company is open to considering candidates in numerous locations, including New York City (NY), Chicago (IL), Princeton (NJ), and Hartford (CT). 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 $99,700-$166,100
, 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…