MRSGNA Underwriting Assistant Surety TEMP

Note: This role • Schaumburg, IL

15h • Hybrid

About The Position

Munich Re Specialty Group North America (MRSG N.A.) is looking for enthusiastic individuals to join us as we grow. As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety risks and customs bonds with in-house claims solutions. We are seeking a Temporary Position Underwriting Assistant, Surety to join the Roanoke Insurance Group division as a hybrid employee in our Schaumburg, IL office reporting to the VP, Surety Operations.

Requirements

• 1-2 years of experience in accounting, finance or business related - or - Associates Degree in accounting, finance or general business
• No initial Underwriting Authority given; subject to change based on training and performance with max level authority no more than $500M.
• Attention to detail
• Ability to monitor and meet deadlines
• Effective oral and written communication
• Ability to take direction and prioritize
• Beginning/moderate level Excel
• Beginning/moderate level Word

Responsibilities

• Processing of LC and GIA Documents; Contact with Financial Institutions where necessary
• Input, Scanning, Filing and Processing of all documents received
• Quarterly rating updates for LC’s using IDC and S&P information
• Daily and Monthly Reconciliation of Collateral Records utilizing Excel and proprietary software
• Processing bond terminations and related system documentation
• Retrieving, formatting, and distributing monthly Renewal Reports
• Custom Bond Renewal Underwriting
• Financial analysis and spreadsheet support

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree