Underwriter Jobs

About The Position

Requirements

• 5+ years of experience in (re)insurance underwriting, broker community or corporate risk market.
• Proficiency in the use of pricing models, tools and other risk evaluation models.
• Strong interpersonal skills, excellent negotiation, oral and written communication skills, in addition, solid understanding of accounting, finance and actuarial concepts.
• Ability to manage Client relationships and maintain profitable relationships.
• Experience working with Brokers, Direct Clients or Managing General Agents is required.

Nice To Haves

• Bachelor’s Degree preferred, advanced degree a plus.
• CPCU, ARe designations preferred.

Responsibilities

• Independently underwrite and price facultative program 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 primary policy, reinsurance contract and endorsement wording and ensure accuracy and conformance with guidelines.
• Refer all business outside of delegated underwriting authority to appropriate referral underwriter.
• Assess and analyze required risk information and recommend reinsurance solutions to brokers and clients.
• Maintain complete and accurate business records.
• Provide insight into the quantitative and qualitative analyses of results for the business unit.
• Facilitate internal communication and coordination between the business unit, the Company and if applicable the MR Group.
• Collaborate with Claims.
• Assist management as needed in fulfilling all managerial duties.
• Develop and maintain client relationships and develop new sources of business.
• Provide responsive service on all broker and direct client requests.
• Monitor profitability of assigned clients.
• Promote the Group’s capabilities and competencies externally.
• Participate in peer reviews of team members’ accounts.
• Participate in underwriting reviews of program clients or prospective clients, sometimes in conjunction with other teams.

Benefits

• health insurance coverage
• 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.
• Additional insurance coverages provided at no cost to you, such as 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.