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About the Role

This position will be part of building a team of Underwriters and Risk professionals, integral to implementing strategies for Financial Institutions business in the North America Primary Insurance market. You will work closely with other members of Munich Re’s Financial and Professional Lines team.

Responsibilities

• Implement strategies for management and professional liability risks specific to financial services/financial institutions business in the US.
• Underwrite complex transactions and peer review transactions underwritten by team members.
• Participate in the 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.
• Further develop existing products and solutions, adapting and marketing them in cooperation with other underwriting teams.
• Support cross-team collaboration, innovation initiatives, and interaction with commercial D&O underwriter team members.
• Contribute to assigned special projects and a positive work environment.

Requirements

• College degree with emphasis on insurance, business or accounting preferred.
• 4+ years of 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 data flows, and how to read and interpret policies, binders, and contracts.
• Excellent customer service skills with the 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.

Skills

• Underwriting
• Risk Management
• Financial Institutions D&O
• Microsoft Excel
• Microsoft Word
• Microsoft PowerPoint
• Microsoft SharePoint
• Microsoft Outlook

Location

• New York City (NYC), New York

Work Type

• Full-time

Experience Level

• 4+ years
• 2+ years
• 7+ years

Education Level

• Bachelor’s degree
• College degree

Salary/Compensations

• $157,300 - $230,700

Benefits

• Company bonus
• Health insurance coverage (PPO or High Deductible)
• Prescription drug coverage
• Vision and dental insurance plans
• Basic life insurance (1x annual salary)
• AD&D coverage (1x annual salary)
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans
• Voluntary Benefit plans (Accident, Critical Illness, Hospital Indemnity)
• 401k plan with up to a 5% employer match
• Company-funded retirement savings plan
• 24 days paid time off annually
• Yearly bonus eligibility
• Health and wellness programs
• Paid time off for eligible family care needs
• Tuition assistance
• Educational achievement bonuses
• Corporate matching gifts program
• Paid time off to volunteer

About 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.

Equal Opportunity

• We are an equal opportunity employer.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• 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.