Parametric Structuring Analyst

Munich Re Careers•New York, NY

4d•$115,600 - $169,500•Onsite

About The Position

We are seeking a Parametric Structurer Analyst to join our Parametric NatCat Americas team. This role will focus on deal management, supporting the Regional Director in executing business development strategies, and documenting transactions. The successful candidate will structure, underwrite, and execute parametric transactions and derivatives, develop new product offerings, and build relationships with clients, brokers, and external partners to drive business growth.

Requirements

Bachelor’s degree in law, business, economics, mathematics, or similar qualifications with a thorough understanding of reinsurance risk and actuarial principals.
2+ years of Catastrophe or Property related (re)insurance underwriting experience (Parametric experience preferred)
Attention to detail as pertains to complex structuring and contract wordings
Strong client orientation, with an entrepreneurial mindset and focus on execution
Excellent technical understanding and demonstrated proficiency using pricing tools and MS Excel
Underwriting knowledge of applicable Property Lines of Business is preferred
Fluency in Spanish preferred
Willingness to work in a team-environment to make key group decisions
Willingness to travel for client presentations and client maintenance (up to 25% of the time)

Nice To Haves

Parametric experience preferred
Underwriting knowledge of applicable Property Lines of Business is preferred
Fluency in Spanish preferred

Responsibilities

Strong technical skills in structuring, underwriting, and executing parametric transactions and derivatives
Ability to execute regional market strategies in line with global strategies
Excellent relationship-building and communication skills to establish, maintain, and strengthen contacts with clients, brokers, external partners, and key decision makers
Ability to support the execution of new product offerings and business cases, particularly in parametric solutions and Nat Cat peril-oriented products
Ability to monitor regulatory environments and changes that may affect product offerings or setup
Ability to manage carriers and legal requirements, including development and checking of primary and reinsurance wordings
Strong networking skills to build relationships with external transaction service providers, such as brokers, banks, risk modelers, law firms, rating agencies, and NGOs
Experience in contributing to the development and execution of regional market strategies and generating client/broker marketing materials
Strong analytical and problem-solving skills, with the ability to structure, price, and underwrite complex parametric transactions and derivatives
Ability to work collaboratively with internal stakeholders, including Corporate Underwriting, Finance and Control, and other business units within the Munich Re organization.

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.