Underwriter Senior

Munich Re Careers•Hartford, CT

7d•$161,000 - $296,000•Remote

About The Position

The Surety Underwriter Senior will be responsible for the marketing, underwriting, administration, and overall business development of assigned geographic territory in accordance with the company’s surety business model to meet projected profitability and expense goals. You will serve as lead underwriter for assigned region as front line for the commercial surety line of business. The position supports the Head of Commercial Surety in balancing the needs to achieve budgeted financial results (premium volume, loss ratio, premium collections, and expense management including commissions) through sound underwriting practices to produce profitable results. You will also serve as lead in Book of Business reviews and assist Head of Commercial Surety in portfolio management. Our value proposition includes embedding significant underwriting authority in the position to create an enhanced customer and broker experience. We will do this by providing an enhanced level of autonomy in the position to allow our regional offices to better service our agents and clients using an agile and lean approach.

Requirements

Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or related field
10 years or more of progressive experience working with surety products
Entrepreneurial skill set, excellent marketing, negotiating and communication skills
Successful track record of developing and maintaining strong relationships with agents/brokers
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
Willingness to travel up to 40%

Responsibilities

Develop and execute a strategic business plan in order to expand our surety portfolio and will maintain full P/L responsibility for the region
Establish and maintain key surety broker relationships in compliance with guidelines for new and renewal surety business
Develop and underwrite a profitable portfolio, coordinate new/renewal business while exercising proper underwriting pricing and discipline in compliance with underwriting guidelines, systems and procedures
Hire, develop and train other team members in your region Sr. Underwriters, Underwriters, Associates and Trainees as appropriate.
Collaborate with MRSNA Surety colleagues in order to fully leverage MRSNA Surety capabilities and increase our customer base

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
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