Property Treaty Underwriter Sr

Company:
Munich Reinsurance America, Inc.

Position:
Property Treaty Underwriter

Location:

New York, New York, United States

Job Type: Full-Time

Salary Range: $196,500 to $196,500 per year

• Evaluate the risk associated with property reinsurance applications and determine the acceptance of such applications.
• Efficiently follow the underwriting process and adhere to internal policies/processes, underwriting and pricing integrity, and underwriting best practices.
• Develop and maintain a clear understanding of underwriting and pricing guidelines.
• Utilize underwriting, pricing, and portfolio analytics tools to quantitatively assess property reinsurance submissions and support pricing and capacity decisions.
• Provide insight into the quantitative and qualitative analyses of property reinsurance portfolio results for the business unit, including monitoring account experience and identifying emerging issues.
• Work with Division management to develop Line of Business (LoB) strategies and peril driven strategies.
• Maintain underwriting and business development responsibility for key accounts as assigned by the Head of Underwriting and Team Lead as appropriate.
• Effectively, persuasively, and punctually negotiate appetite and terms with brokers and clients.
• Attend Underwriting audits, client/broker visits, and conferences in support of the portfolio production.
• Participate in broker marketing and industry meetings and provide responsive service on broker and client requests.

• Bachelor's degree in Economics, Math, or other quantitative field plus 5 years of experience as a Property Treaty Underwriter or related Property & Casualty (re) insurance underwriting, actuarial, or broking role.
• Prior work experience must include:
  Performing statistical and data analysis of insurance information to support property reinsurance underwriting and pricing, including the use and interpretation of experience based and exposurebased rating model outputs;
  Reviewing and evaluating reinsurance contract terms and conditions as part of the underwriting assessment of client submissions;
  Assessing property risk using qualitative judgment and quantitative underwriting methodologies;
  Communicating with brokers and clients regarding underwriting appetite, pricing, and contractual terms, including negotiation of price and terms; and, monitoring and/or management of Property & Casualty (re) insurance portfolios to ensure alignment with underwriting guidelines and portfolio objectives.
• May telecommute but must have ability to report to New York, NY office 3 times per week.

• 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).