Surety Reinsurance Underwriter

Surety Reinsurance Underwriter

Company

Munich Re America

Location

New York

, United States

The Company is open to considering candidates in NYC and 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. 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.

The Opportunity

Future focused and always one step ahead.

The Surety Underwriter will be responsible for profitably underwriting treaty and facultative business, while coordinating underwriting and marketing activities for new and renewal opportunities in line with the Credit & Surety team's risk appetite and client strategy.

Responsibilities

• Independently underwrite surety reinsurance treaty business, special acceptances, and facultative opportunities to determine appropriate terms, conditions, and structures. Provide expert recommendations to team lead / management to achieve successful results.
• Work closely with pricing analyst providing underwriting expertise, insights, and in-depth client knowledge to assure that treaty pricing achieves overall financial and portfolio goals.
• Collaborate closely with credit & surety team members, claims and business development to achieve overall portfolio goals / objectives.
• Proven team player who collaborates cross-functionally with colleagues, engages in industry meetings to stay ahead of market trends, and leads or supports high-impact projects that shape and drive underwriting strategy, managing or materially supporting projects of strategic importance.
• Review contract and endorsement wordings and ensure accuracy, in conjunction with contract writers.
• Actively undertake underwriting file reviews (whether in-person or virtually), and provide audit reports, as required.
• Provide supervision, advice, training, coaching, and mentoring to less experienced underwriters to support their growth and development.
• Demonstrate excellent negotiation, communication, and presentation skills to build strong relationships with brokers, clients, and colleagues.

Qualifications

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

The base salary range anticipated for this position is $182,100 - $290,300 , 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.

#LI-MB1

Apply now!

Apply for this Job!

About Munich Re

Munich Re Worldwide

Follow Us

Privacy

Legal Notice

Imprint