Financial and Professional Lines - New York, United States - Munich Re America

Munich Re America

Verified Company

New York, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Financial and Professional Lines - Financial Institutions Underwriter

Company
Munich Re America

Location
New York, United States

Financial and Professional Lines - Financial Institutions Underwriter

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 Company

As 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 Opportunity

With this opportunity, you will be part of building a team consisting of Underwriters and Risk professionals and will be integral to the implementation strategies for Financial Institutions business in the North America Primary Insurance market.

This position will work closely with other members of Munich Re's Financial and Professional Lines team.

Key Responsibilities of this position include:

Implementation of strategies for management and professional liability risks specific to financial services/ financial institutions business in the US
Active involvement in underwriting of complex transactions and peer reviewing transactions underwritten by team members.
Participate in development, growth, and profitability of a new Financial Institution portfolio.
Further development of existing products and solutions, adapting them if necessary and marketing them successfully in cooperation with the other underwriting teams
Support crossteam collaboration and innovation initiatives
Contribute to assigned special projects and to a positive work environment

Qualifications:

College degree with emphasis on insurance, business or accounting preferred.
4+ years insurance or reinsurance company experience with emphasis on analytic functions in underwriting, accounting or 2+ years experience as an Underwriting Analyst.
Working knowledge of pricing models, insurance policies and reinsurance contracts for property/casualty (or otherwise agreed) lines of business.
Basic knowledge of primary and/or reinsurance underwriting process and coverage.
Good interpersonal, verbal and written communication skills.
Excellent customer service skills with successful ability to take ownership of and resolve issues
Detail oriented and resultsdriven
Intermediate to expert level computer skills
Microsoft Excel, Word, PowerPoint, SharePoint, and Outlook

Ability to Travel

Princeton / New York.
Bachelor's degree
7 + years of insurance and/or reinsurance experience with a strong technical background of underwriting D&O for publicly traded companies
Sound technical knowledge of Financial and Professional Lines business as well as sound knowledge of the related US (Corporate) Insurance Market
Exceptional communication skills that energize and engage brokers, clients and colleagues, and the ability to convey a vision and clientfocused solutions
Excellent analytical skills and quick understanding of key success factors
Strong track record in developing business
Good understanding of business economics (i.e., ability to assess business plans, analysis of cornerstones of business models, etc.)
Solid understanding of policy forms and coverage
Ability to develop and nurture working relationships within Munich Re North America and within the broader Munich Re Group
Ability to travel nationally and internationally up to 30%

This position will be located in our NYC office. The salary range posted below applies to the Company's NYC location.

The base salary range anticipated for this position is
$150,300 - $220,400 **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).

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 t