60 Senior Property Underwriter Jobs in Chicago, IL
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Senior Property Underwriter
$93k-123k (estimate)
Full Time | Insurance
1 Week Ago
Munich Re is Hiring a Senior Property Underwriter Near Chicago, IL
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. We will consider a range of experience for this role and the offer will be commensurate with that.
The CompanyAs 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.
Munich Re Facultative and Corporate (MR F&C) was created to bundle Munich Re’s facultative and corporate business into one global unit. By aligning our single risk business in one unified team we better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners.
The OpportunityWith this opportunity you will underwrite corporate property programs (focusing on large commercial and multi-national corporate clients) in the US and determine the commensurate terms and conditions applicable to consider risk-sharing acceptances. You will also lead interdepartmental projects to develop and implement the underwriting of the property portfolio.
Key Responsibilities of this position include:
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The CompanyAs 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.
Munich Re Facultative and Corporate (MR F&C) was created to bundle Munich Re’s facultative and corporate business into one global unit. By aligning our single risk business in one unified team we better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners.
The OpportunityWith this opportunity you will underwrite corporate property programs (focusing on large commercial and multi-national corporate clients) in the US and determine the commensurate terms and conditions applicable to consider risk-sharing acceptances. You will also lead interdepartmental projects to develop and implement the underwriting of the property portfolio.
Key Responsibilities of this position include:
- Independently underwrite and price moderate to highly complex business in accordance with corporate, divisional and department guidelines and philosophy.
- Produce, underwrite and manage the book of business in compliance with applicable underwriting guidelines, strategies and best practices
- Perform the underwriting referral function as specified and as required in the underwriting guidelines and mandates
- Help to fine tune and implement our portfolio strategy.
- Assure a high quality of underwriting through
- Coaching and mentoring
- Technical guidance
- Frequent feedback interactions
- Develop and maintain strong market presence by developing client and broker strategies.
- Develop new business opportunities and promote Group’s capabilities and competencies externally in close cooperation with Client Management.
- Establish and maintain sound contact with clients and brokers, keeping abreast of market and industry developments and client needs.
- Demonstrated superior negotiation skills, facilitating and managing the complexities and challenges associated with sourcing business.
- Negotiate and conclude the offers, terms of contract with Brokers/Clients and, when necessary and feasible, submit counter proposals.
- Lead interdepartmental projects to develop and implement underwriting strategies
- Strong ability to lead a team technically by providing straight-forward, clear direction, guidance and coaching.
- Demonstrate advanced proficiency in the use of pricing models and other risk evaluation models
- Strategic decision making based on data interpretation beyond models
- 10 years of experience in (re)insurance, broker community and/ or corporate risk market
- 5 years of underwriting experience preferred
- Bachelor’s Degree preferred advanced degree a plus
- CPCU, Are designations desirable
- Professional designations a plus
- Demonstrated superior negotiation skills, facilitating and managing the complexities and challenges associated with sourcing business.
- Strategic decision making based on data interpretation beyond models
- Ability to travel nationally and internationally up to 30%
- Proficiency in the use of pricing models, tools and other risk evaluation models
- Excellent written and oral communication skills
- Ability to manage Client relationships and maintain profitable relationships
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Insurance
SALARY
$93k-123k (estimate)
POST DATE
09/02/2024
EXPIRATION DATE
10/08/2024
WEBSITE
munichre.com
HEADQUARTERS
ATLANTA, GA
SIZE
3,000 - 7,500
FOUNDED
1880
TYPE
Private
CEO
MICHAEL G DEKONING
REVENUE
$1B - $3B
INDUSTRY
Insurance
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