What are the responsibilities and job description for the E&S Excess Casualty Underwriter position at Munich Re Specialty - North America?
Company
Munich Re America
Location
Chicago , United States
E&S Excess Casualty Underwriter
The Company is open to considering candidates in numerous locations, including Phoenix, AZ; Chicago, IL; Atlanta, GA and San Francisco, CA
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.
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
Munich Re Specialty North America, 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
As a member of our E&S team, you’ll be responsible for the production, underwriting and retention of profitable E&S business through the cultivation and maintenance of broker relationships.
Key Responsibilities of this position include:
The base salary range anticipated for this position is $110,500 - $162,000 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 and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
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.
Munich Re America
Location
Chicago , United States
E&S Excess Casualty Underwriter
The Company is open to considering candidates in numerous locations, including Phoenix, AZ; Chicago, IL; Atlanta, GA and San Francisco, CA
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.
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
Munich Re Specialty North America, 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
As a member of our E&S team, you’ll be responsible for the production, underwriting and retention of profitable E&S business through the cultivation and maintenance of broker relationships.
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.
- Underwrite new and renewal business in accordance with underwriting authority, including all tasks associated with information and data gathering, data manipulation, risk and coverage analysis, pricing, and deal negotiations.
- Review primary policy, contract and endorsement wording and ensure accuracy and conformance with guidelines
- Demonstrate and maintain enhanced technical product and underwriting expertise.
- Knowledge and expertise in underwriting moderate to high complex accounts.
- Develop and maintain strong market presence by developing client and broker strategies.
- Proven ability to interact effectively with clients, brokers, and colleagues
- Proactively identify and analyze the needs of existing and potential clients.
- Independently negotiate (re)insurance contracts with clients and brokers based on delegated authority.
- Lead departmental projects related to the development and implementation of underwriting strategy.
- Demonstrate advanced proficiency in the use of pricing models and other risk evaluation models.
- Decision making based on data Interpretation beyond models
- Excellent written and oral communication skills
- Able to adjust communication style to audience internally or externally
- Demonstrate advanced proficiency in the use of pricing models and other risk evaluation models.
- Excellent written and oral communication skills
- Able to adjust communication style to audience internally or externally
- Conduct peer reviews of team members’ accounts.
- 5 years of experience in insurance, broker community and/ or corporate risk market
- 3 years of casualty underwriting experience preferred
- Bachelor’s Degree preferred advanced degree a plus
- CPCU, ARe designations desirable
- Ability to travel nationally and internationally up to 25%
The base salary range anticipated for this position is $110,500 - $162,000 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 and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
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.
Salary : $110,500 - $162,000
