Insurance Programs Underwriter

All locations New York, United States;
Philadelphia, 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 is a senior underwriting position and we are looking for a person well versed in the property and casualty 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.

In this position you will:

• 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

• 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 New York City (NY), Princeton (NJ), Philadelphia (PA), and Chicago (IL). 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 $138,400-$230,700
, 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…