Group Underwriting Consultant

***Please note that we are also open to a fully remote work arrangement for this position (in the United States)***

Position Overview

The Group Underwriting Consultant serves as the key risk manager for assigned group treaties and prospects. This position underwrites and rates new and renewal treaties and facultative / special acceptances, reinsuring products including but not limited to Group Life, LTD, and Credit Life business, consistent with Munich Re's established guidelines. Leveraging deep analytical and technical expertise, the Group Underwriting Consultant balances risk protection with profitability targets, documents decisions transparently, and provides expert guidance to internal teams and clients. As the primary contact for assigned accounts, the Group Underwriting Consultant builds strong relationships and acts as the key resource for colleagues and clients. As a Subject Matter Expert (SME) for specific topics, the Group Underwriting Consultant contributes to departmental and cross-functional projects and knowledge sharing.

Your Role:

• Underwrite and price new business quotes, renewals, and facultative and special acceptance requests for Group re/insurance products, ensuring recommendations align with company guidelines and profitability targets. Clearly document and communicate decisions to stakeholders within established timelines.
• Deliver high-quality, comprehensive, and accurate quotes for approved RFPs, including useful feedback for any decline to quote (DTQ) options, while meeting internal and external service standards.
• Provide ongoing value-added underwriting service and support to Group Reinsurance clients. This includes responding promptly to inquiries and proposing creative solutions for facultative submissions outside automatic terms.
• Foster strong relationships with prospects, customers, and brokers through effective communication, issue resolution, and regular engagement, including client visits and participation in industry conferences.
• Collaborate with actuarial and claims teams to develop profitable terms that will lead to successful renewals of assigned accounts. Obtain needed changes to treaty terms and conditions while strengthening client and broker relationships.
• Monitor group market and assigned clients, MGUs and TPA's by tracking premium and claims experience, quote and renewal/lapse activity, and identifying emerging issues and opportunities.
• Promote Munich Re's technical expertise. Conduct client underwriting reviews and audits. Respond to client inquiries on product topics and industry practices. Maintain monthly RE Con report and underwriting marketing lists. Interface with MARC EDGE team and IT, and EDGE users at clients. Conduct MARC industry surveys.
• Participate in special projects, such as financial reinsurance quotes, unraveling issues with terminated treaties, and other items as required.
• Serve as a Subject Matter Expert (SME) for designated topics, provide guidance to colleagues, and participate in project work related to the SME topic.

Decision-Making Authority:

• Review and approve special acceptance referrals with reinsurance premium within the Group Department's underwriting authority limits.
• Underwrite and price new business and renewal reinsurance clients within the Group Department's underwriting authority limits.
• Recognize when an opportunity will require approval outside the group department and initiate the approval process.
• Recognize treaty provisions that require escalation and to whom they should be escalated.
• Understand the legal ramifications and risks associated with treaty terms and propose alternative solutions to problematic terms.
• Alert management to any signs that a client is deviating from our treaty terms and suggest action steps.

Your Profile:

• Bachelor's degree or higher
• Licenses or certifications (i.e., FLMI, CEBS, ARA) are preferred but are not required for this position.
• At least 5 years of group Life insurance underwriting and/or 3 years reinsurance underwriting experience.
• Skilled in evaluating treaty and facultative risks, setting appropriate pricing, terms, and conditions aligned with underwriting philosophy.
• Strong collaborator across business development, actuarial, product, claims, operations, legal, and compliance-particularly within Group Life and LTD.
• Effective communicator and negotiator who represents the organization with professionalism, clarity, and integrity.
• Forwardthinking knowledge of current and emerging trends, technologies, and competitive dynamics in Group insurance, with proficiency in key software tools.
• Demonstrates independence, strong project and time management skills, and foundational medical and reinsurance knowledge to support underwriting decisions.

The base salary range anticipated for this position is $120,503 to $139,530 , plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

The salary estimate displayed represents the typical salary range for candidates hired in this position. 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.

What Can We Offer You?

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 6% employer match
• 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, including a gym fitness reimbursement.
• 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.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

At Munich Re US, we see Diversity 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.