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Underwriting Careers at Industry Leaders

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Mobility Underwriter Senior

Munich Re

Munich Re

Marketing & Communications
New York, NY, USA
Posted on Thursday, June 27, 2024

Mobility Underwriter Senior

Company
Munich Re America
Location
New York , United States

Mobility Underwriter Senior, Munich Re Specialty

The Company is open to considering candidates in numerous locations: New York City, NY; Atlanta, GA; or Princeton, NJ.

We are 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.

The Company

Munich Re Specialty North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.

Munich Re Specialty North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on Munich Re Specialty North America, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.

Future focused and always one step ahead

The Opportunity

The purpose of this position is to produce, underwrite and service primary and reinsurance commercial auto accounts with a focus on commercial auto that are submitted to and written through the Mobility Unit in accordance with the Underwriting Mandate, business appetite and profitably goals. This includes the management and administration of individual risk insurance policies, both admitted and non-admitted. This position will encompass tech-enabled fleet risks and asks you to be curious about autonomous vehicle exposures and a data driven approach in underwriting over all.

Responsibilities:

In this position you will:

  • Underwrite, price and monitor insurance business while achieving profitability targets in commercial auto

  • Maintain professional relationships with existing or prospective clients and production sources Establish/maintain production/underwriting strategies for assigned production sources/accounts/lines of business

  • Possess a clear understanding of our underwriting guidelines and pricing guidelines; maintain an in-depth knowledge of all tools and models used in the underwriting process; maintain compliance with Corporate Underwriting and Divisional underwriting guidelines

  • Price business using the existing pricing models/methodologies

  • As directed, serve on “ad hoc” committees to provide input and assistance to management, e.g. for referrals to Munich Re's Global Referral Boards

  • Work with Product Development to develop manuscript policy/contract language

  • Provide policy issuance instructions for single risk business (Develop underwriting guidelines as needed

  • Work with actuary and product development to develop rating plans and pricing tools when necessary

  • Work with marketing and broker relationship leaders to enhance market presence

Job Requirements:

  • 7+ years of Insurance Carrier primary Commercial Auto underwriting, related Bachelor welcome. (Excess and surplus lines and multi-line experience and knowledge, ISO & portfolio steering experience is welcome

  • Strong client & broker focus and the ability to identify clients' needs and transform these into business (ideally has network in broker space)

  • Openness to employing advanced methods of data analytics in underwriting and business generation therefore analytical and computer skills.(ideally has used telematics as part of UW approach)

  • Ability to think outside the box, assess risk and exposures using non-traditional methods and be comfortable making underwriting decisions combining using traditional and non-traditional tools and methods

  • Willingness to take over thought leadership & develop UW best practice

  • Excellent negotiation and conflict resolution skills

  • Superior interpersonal skills

  • Effective time management skills

  • Has an entrepreneurial spirit, self-starter

  • Willingness to travel 20%

The Company is open to considering candidates in numerous locations: New York City, NY; Atlanta, GA; or Princeton, NJ.

The base salary range anticipated for this position is $150,300 - 220,400 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.

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.