Corporate Underwriting Associate

Company

Munich Re Specialty - North America

Location

Princeton , United States

• This position can be located in Philadelphia or Princeton.
  
  
  

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.

The Company

Munich Re Specialty - North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.

Munich Re Specialty - North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.

The Opportunity

The Corporate Underwriting Associate will be a critical member of the central underwriting organization, Corporate Underwriting, responsible for the oversight and steering of our portfolio. With a high level of visibility to leadership, this role will work across multiple business units with various distribution methods and transaction structures to identify and share insights across our suite of casualty and property coverages. This role includes the opportunity to work on the most complex deals in our organization as we manage referrals and authority, but also the ability to step back and identify the portfolio-wide trends we need to proactively address to hit our top and bottom line business goals.

We will consider candidates in Philadelphia, PA and Princeton, NJ

Key Responsibilities of this position include:

• Own responsibility for centralized reporting including portfolio management dashboards, underwriting guidelines and reference guides
• Partner with senior Corporate Underwriting leaders on referrals, new business opportunities, underwriting guidelines and appetite refinement
• Monitor underwriting performance across business units, identifying areas where deep dives are needed to address emerging risk issues for portfolio steering
• Drive underwriting technical excellence through the organization by creating and maintaining a framework for consistent utilization of standardized approaches, templates and process
• Build expert-level knowledge of all aspects of coverage language, exposure analysis, pricing, program structure, loss forecasting and credit risk management
• Support on underwriting audits and follow-up actions
• Participate in cross-functional strategic projects, coordinating efforts across the CU organization
  
  
  

Job Requirments:

• 3 years of insurance or reinsurance experience, preferably in an underwriting role
• Strong communication skills (verbal and written) with the ability to influence across cross-functional teams (e.g. claims, actuarial, finance, IT, etc.)
• Excellent organizational skills, ability to prioritize effectively to meet organization priorities
• Highly analytical with the ability to communicate technical concepts in a simple manner
• Desire to contribute to innovative product development and experience in development of new products
• Proficiency in Microsoft Office suite; including excel and power BI. Databricks, SQL and Python preferred.
  
  
  

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.