Job description


  • Entry level
  • No Education
  • Salary to negotiate
  • Princeton




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

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.

Within Munich Reinsurance America, Inc. (MRAm), the Reinsurance Division (RD) addresses the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to your needs, creating opportunities to achieve sustained profitable growth.

On the Credit and Surety team, we are responsible for Credit, Surety and standalone Fidelity business in the U.S. Reinsurance buyers and brokers have access to our wide array of traditional excess of loss, proportional and facultative reinsurance products. This includes coverage for: surety, trade credit, political risk, selective special credit products and fidelity. In addition, we work closely with clients to develop specialized solutions for their needs.

The Opportunity

With this opportunity, you will lead a team of Credit, Surety and Political Risk underwriters to achieve business goals. You will be accountable for a book of business by managing the underwriting of profitable business, achieving the goals as set forth in the business plan and managing, developing and retaining talent.

Major responsibilities include:
Manage the underwriting process to ensure efficiency as well as underwriting and pricing integrity of the portfolio.
Delegate underwriting authority to staff, ensure underwriters have a clear understanding of underwriting and pricing guidelines and are proficient in the use of all applicable underwriting and pricing tools.
Ensure underwriting practices are consistent with Munich Re (MR) Group and Munich Reinsurance America, Inc. (MRAm) local guidelines, Best Practices and underwriting strategies. Identify deficiencies in underwriting, implement corrective actions and provide guidance/training for the development of underwriters.
Develop financial and non-financial goals and objectives for individual underwriters that are consistent with the SBU, Reinsurance Division (RD), Company and, if applicable, the MR Group.
Develop and mentor underwriters and support the development of talent across the MR Group.
Take the lead in creating solutions and resolving problems involving other functional units such as Client Management, Underwriting Support, Pricing, etc.
Provide insight into the quantitative and qualitative analyses of Credit/Surety/PR results for the SBU.
Work with Division management to develop LoB strategies, the LoB Business Plan and a Target Portfolio as well as initiatives to ensure future success of RD and the business unit.


Successful candidates will be possess the following skills/capabilities:
15+ years of industry experience, 10+ in reinsurance;
Underwriting Expert level knowledge of Credit, Surety and Political Risk
High level of reinsurance contract (terminology) understanding and ability to develop alternative clauses where necessary;
Experience in leading cross-functional projects;
Strong interpersonal and social skills;
In-depth knowledge of the US Credit/Surety insurance and reinsurance markets;
Solid negotiation, oral and written communication skills;
Understanding of accounting, finance and actuarial concepts;
Ability to explain complex transaction structures to both technical and non-technical audiences;
Excellent presentation skills;
Ability to develop and execute plans and to provide strategic direction to the development and achievement of unit goals;
Willingness to travel for audits and client and broker visits (approx. 20% of time);
BS/ BA preferred, advanced degree a plus;

About the company

Munich Re is one of the world’s leading risk carriers and stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. The Group operates in all lines of insurance, with around 45,000 employees throughout the world and combines primary insurance and reinsurance under one roof.

Besides our capital base, the foundation of our success is knowledge and competence – qualities that benefit clients and staff alike. As a world-class reinsurer, we invest a great deal in maintaining our knowledge lead and foster the innovative strength and expertise of our more than 11,000 employees in reinsurance. We motivate by offering a wide variety of responsible tasks with clear objectives, and cultivate a team spirit. Our corporate culture is defined by performance, mutual respect and trust. All this makes us an attractive employer providing global career development opportunities and prospects.

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