Underwriter Excess Casualty

Underwriter Excess Casualty

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.

Your primary responsibility will be underwriting corporate excess casualty programs (focusing on large commercial and multi-national corporate clients) in the US. You will develop and determine the commensurate terms and conditions applicable and consider risk-sharing acceptances, assist the head of the Unit to oversee the NA excess casualty portfolio to ensure profitability, and assist Claims to validate, and then optimize claims payments.

Responsibilities :

• Independently underwrite and price business in accordance with corporate, divisional and department guidelines and philosophy.
• Underwrite new and renewal business, including all tasks associated with risk and coverage analysis and pricing, and provide recommendations for proposed terms within delegated underwriting authority.
• Review lead umbrella policy and endorsement wording to determine acceptability and to ensure conformance with guidelines.
• Refer all business outside of delegated underwriting authority to appropriate referral underwriter.
• Maintain complete and accurate business records.
• Assist management in the assessment of the portfolio to ensure profitability.
• Collaborate with Claims.
• Assist management as needed in fulfilling all managerial duties.
• Participate in peer reviews of team members' accounts.
• Client Relationship Management

o Develop and maintain client and broker relationships and develop new sources of business.

o Provide responsive service on all broker and direct client requests.

o Monitor profitability of assigned clients.

Qualifications :

The Company is open to considering candidates in NYC. The salary range posted below applies to the Company's NYC location.

The base salary range anticipated for this position is $113,300 - $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 displayed represents the typical salary range for candidates hired in this position in NYC. 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.