*We will consider candidates in New York, Chicago, San Francisco and Houston.
We’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 Opportunity Future focused and always one step ahead
With this opportunity, you will apply your specialized underwriting, engineering and insurance knowledge to adequately assess the potential exposure to Power, Energy, and Construction risks underwritten in the Property Facultative US Division of Munich Re Facultative and Corporate. You will determine the commensurate terms and conditions applicable and consider risk-sharing acceptances, manage a growing pipeline of construction, power, renewable energy and down/midstream energy and specialty chemical risk accounts within the portfolio. Deliver superior underwriting Munich Re Facultative Engineering & Energy clients and so contribute to its overall profitability.
Major responsibilities include: Marketing
- Develop and maintain strong market presence by developing client and broker strategies.
- Develop new business opportunities and promote Munich Re Group’s capabilities and competencies externally.
- Establish and maintain sound contact with clients and brokers, keeping abreast of market and industry developments and client needs.
Underwriting
- Produce, underwrite and manage the book of business in compliance with underwriting guidelines, strategies and best practices.
- Underwrite and price power, energy, and construction classes of business, both traditional and renewable/green technologies.
- Implement use of pricing and layering models
- Update and expand the Energy and Engineering Underwriting Guidelines as needed to stress additional requirements and developments. Ensure a consistent standard in the underwriting process of Munich Re’s energy and engineering business.
- Be a support/referral resource to other distribution channels and Client Groups, providing engineering insurance underwriting expertise and input.
- Negotiate and conclude the offers, terms of contract with Cedants/Brokers and, when necessary and feasible, submit counter proposals.
- Demonstrate proficiency in the use of data and analytics tools, ensuring all required risk information is captured and evaluated appropriately.
- Assist the Head of Property Facultative US and when required in fulfilling all managerial and administrative duties of the Engineering Group.
Seminars and Media
- Participate in appropriate energy and engineering-industry seminars/workshops to elevate Munich Re’s brand.
- Contribute to technical underwriting and expert groups.
- Organize, create and deliver technical underwriting and marketing articles, blogs or journals.
Participation on Technical Market Committees- Ensure appropriate representation on technical insurance market committees, so providing technical input as well as sourcing key market knowledge.
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