E&S Property Senior Underwriter - Northeast Territory Lead

Munich Re Careers•Atlanta, GA

2d•$177,700 - $296,100•Remote

About The Position

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. Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America. Future focused and always one step ahead! As a member of our Wholesale & Specialty Insurance (WSI) team, you’ll be responsible for the production, underwriting and retention of profitable WSI business through the cultivation and maintenance of broker relationships. Because we’re committed to finding the best talent, we are open to considering candidates with a range of experience. Compensation, level and accountabilities for the selected candidate will be commensurate with experience.

Requirements

Excellent underwriting, marketing, and analytical skills that have been developed over 10+ years of insurance and/or reinsurance with production underwriting experience preferably at a WSI carrier for Property lines
Advanced working knowledge of Commercial P&C / WSI products and insurance concepts, UW processes and procedures, laws and regulations, terminology, concepts and principles related to strategic planning, and other relevant industry trends
Working knowledge of catastrophe models including RMS
Successful track record of developing and maintaining strong relationships with wholesale brokers
Tech savviness and a willingness to experiment with and learn new technologies
Ability to think strategically and function tactically
Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions
Ability to present and negotiate complex agreements with brokers
Effective time management and organizational skills

Nice To Haves

Advanced insurance certifications (e.g. CPCU) preferred

Responsibilities

Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines business that meets profitability and growth targets. Operate within granted authority and allocated catastrophe budgets and make referrals to underwriting leadership as appropriate.
Development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals. Coordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.
Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement
Cultivate and maintain professional wholesale broker relationships.
Assistance in day-to-day operations and projects as assigned which could have client, business group, divisional and corporate impact.
Represent the Munich Re brand and Munich Re Specialty North America at client events, seminars, meetings, etc. Munich Re Specialty North America/ MRSNA is a description for the insurance business operations of affiliated insurers, producers, and related service providers of the Munich Re (Group) that share a common mission, management, operating platform, and vision to offer specialty property and casualty products and services in Canada and the United States.
Responsible for monitoring and updating the WSI Property unit on the market and changes within your specified territory
Create an inspiring team environment with an open communication culture
Set clear territory goals and strategy, following our territory guidance from Management and CU
Coordinate all broker marketing visits for the team, and represent the team in all Broker Relationship Leader (BRL) meetings
Review underwriting account Referrals and conduct two audits per quarter for the territory Underwriters
Delegate tasks and set deadlines appropriately based on each territory underwriter’s portfolio and broker assignments
Monitor territory rate retention, production, and loss ratio performance and report on metrics
Guide and motivate team members
Development of each underwriter within your territory by evaluating training needs and provide coaching, while working with management and CU to provide next steps
Listen to team members’ feedback and resolve any issues or conflicts with accounts or brokers; involve management when necessary
Recognize high performers as well as problem areas and discuss with management
Work with management during hiring of new territory underwriters
Train and mentor new territory underwriters; work with management during onboarding
Responsible for distributing information to team members
Hold Territory meetings to ensure the group is in alignment regarding pricing and coverages
Participate in the process of hiring new underwriters and in their training

Benefits

health insurance coverage
an employee wellness program
life and disability insurance
401k match
retirement savings plan
paid holidays
paid time off (PTO)
Two options for your health insurance plan (PPO or High Deductible).
Prescription drug coverage (included in your health insurance plan).
Vision and dental insurance plans.
basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
Short and Long Term Disability coverage.
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded.
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
Eligibility to receive a yearly bonus as a Munich Re employee.
A variety of health and wellness programs provided at no cost.
Paid time off for eligible family care needs.
Tuition assistance and educational achievement bonuses.
A corporate matching gifts program that further enhances your charitable donation.
Paid time off to volunteer in your community.