Fac Cert Property Underwriter

Fac Cert Property 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. We believe that by aligning our single risk business in one unified team we will 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

Future focused and always one step ahead.

With this opportunity, you will underwrite, price, and support a portfolio of new and renewal property facultative reinsurance business in accordance with Munich Re F&C guidelines, strategies, and profitability standards. Facultative Underwriters are responsible for risk analysis and assessment, coverage evaluation, pricing and marketing to assigned brokers and clients. This position will lead or assist in certificate and program negotiations in order to maintain and develop a profitable facultative reinsurance portfolio.

Responsibilities

• Independently and profitably, underwrite and price property facultative reinsurance business in accordance with corporate and divisional guidelines.
• Underwrite new and renewal certificate and program 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.
• Develop and maintain strong market presence by developing client and broker strategies.
• Demonstrate advanced proficiency in the use of pricing models and other risk evaluation models.
• Review primary policy, contract and endorsement wording and ensure accuracy and conformance with guidelines.
• Independently negotiate reinsurance certificate and program contracts with clients and brokers.
• Lead underwriting audits of clients in order to provide credible evaluations of the quality of our clients' property books of business when necessary.
• Provide responsive service on all broker and client requests
• Conduct peer reviews of team members' accounts.
• Demonstrate and maintain enhanced technical product and underwriting expertise with respect to primary insurance market and products.
• Work collaboratively with colleagues in other functional areas and across the group, share knowledge by participating in line of business monitoring and product development activities.
• Lead projects related to the development and implementation of underwriting strategy for property lines.

Qualifications :

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

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