Public Entity Underwriter

Company



Munich Re Specialty - North America



Location



Princeton
, United States

Public Entity Underwriter

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 Munich Re Specialty - North America Disclosures

The Opportunity

Future focused and always one step ahead!

The responsibility for the role is to produce and underwrite profitable single risk and program business that contributes to department and division results.

Responsibilities

• Underwrite multiline reinsurance and insurance submissions in accordance with division guidelines and philosophy.

• Develop and maintain strong, professional relationships with appropriate contacts at existing and prospective client and production sources.

• Respond to and find solutions to reinsurance and insurance client business needs with underwriter(s) and management distinguishing MRSI's business and products from competitors.

• Assist Head of Public Entity Municipality and Transit in the development of new or potential business clients.

• Become proficient in the handling of larger, more complex accounts.

• Research and communicate to personnel matters relating to Public Entity Risk Solutions (PERS) issues.

• Exhibit a high degree of market awareness and provide consistent input to management on market activities.

• Possess a clear understanding of our underwriting and pricing guidelines to ensure appropriate risk-reward decision-making.

• Maintain an in-depth knowledge of all tools and models used in the underwriting process.

• Maintain compliance with Corporate and Divisional underwriting guidelines.

• Be a team player in support of all PERS and MRSI objectives.

Qualifications

• 5+ years of experience in insurance, broker community, underwriting and/ or corporate risk market.

• Relationship selling skills

• Creativity and flexibility

• Effective Time Management and organizational skills

• Superior communication skills, written and verbal

• Excellent computer skills

The Company is open to considering candidates in numerous locations, including Philadelphia, Princeton, Hartford, NYC, and Chicago. The salary range posted below reflects market variations across various locations. This role is designated for either Philadelphia, Princeton, Hartford, NYC, or Chicago and reflects multiple geographies. The offer will be adjusted per geography.

The base salary range anticipated for this position is $99,700 - $166,100, 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 is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the New York City job market. 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.