Financial and Professional Lines Underwriter

Financial and Professional Lines UnderwriterWe’re 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. We will consider a range of experience for this role and the offer will be commensurate with that. The Company As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. Munich Re Facultative and Corporate (MR F&C) was created to bundle Munich Re’s facultative and corporate business into one global unit. We believe that  by aligning our single risk business in one unified team we will better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners. The OpportunityFuture focused and always one step ahead! With this opportunity, you will be part of building a team consisting of Underwriters and Risk professionals and will be integral to the implementation strategies for Financial Institutions business in the North America Primary Insurance market. This position will work closely with other members of Munich Re’s Financial and Professional Lines team. Responsibilities: • Lead and own the underwriting strategy for management and professional liability risks specific to financial services/ financial institutions business in the US• Active involvement in underwriting of complex transactions and peer reviewing transactions underwritten by team members.• Participate in development, growth, and profitability of the Financial Institutions portfolio.• Act as the technical expert for Financial Institutions D&O underwriting, providing guidance, mentorship, and thought leadership within the team.• Further development of existing products and solutions, adapting them if necessary and marketing them successfully in cooperation with the other underwriting teams• Support cross-team collaboration, innovation initiatives and interaction with commercial D&O underwriter team members• Contribute to assigned special projects and to a positive work environment Qualifications: • College degree with emphasis on insurance, business or accounting preferred.• 4+ years insurance or reinsurance company experience with emphasis on analytic functions in underwriting, accounting, or 2+ years experience as an Underwriting Analyst.• Working knowledge of pricing models, insurance policies, and reinsurance contracts for property/casualty lines of business.• Basic knowledge of primary and/or reinsurance underwriting process and coverage.• Good interpersonal, verbal, and written communication skills.• Understanding of global and local systems, applications, and reports; how the data flows through, how to read and interpret policies, binders, and contracts.• Excellent customer service skills with successful ability to take ownership of and resolve issues• Detail oriented and results-driven• Intermediate to expert level computer skills – Microsoft Excel, Word, PowerPoint, SharePoint, and Outlook The ideal candidate: • Bachelor’s degree• 7 + years of insurance and/or reinsurance experience with a strong technical background of underwriting D&O for publicly traded companies• Sound technical knowledge of Financial and Professional Lines business as well as sound knowledge of the related US Insurance Market• Exceptional communication skills that energize and engage brokers, clients and colleagues, and the ability to convey a vision and client-focused solutions• Excellent analytical skills and quick understanding of key success factors• Strong track record in developing business• Good understanding of business economics (i.e., ability to assess business plans, analysis of cornerstones of business models, etc.)• Solid understanding of policy forms and coverage• Ability to develop and nurture working relationships within Munich Re North America and within the broader Munich Re Group• Ability to travel nationally and internationally up to 30% The Company is open to considering candidates in numerous locations, including New York City (NYC), New York. The salary range posted below applies to the Company’s NYC location. The base salary range anticipated for this position is $157,300 - $230,700 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range. We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:• 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). In addition to the above insurance offerings, our employees also enjoy:• 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. At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.