Production UW - Mobility & Innovation

Location
Princeton , United States

Your job

This role is open to Princeton, NJ or New York City.

The Insurance Operations
Munich Re Specialty Insurance (MRSI) 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 Insurance (MRSI) 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 MRSI, 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.

Our Business unit in Munich Re Specialty Insurance (“MRSI”) looks after mobility clients in 3 main underwriting pillars: tech enabled fleets, platform based services and autonomous vehicles. We deal mostly with auto insurance, but touch also annexed casualty classes if needed by our clients.

The Opportunity
Future focused and always one step ahead

We would like to strengthen our team with an experienced and qualified underwriter for commercial auto to maintain and expand our existing book of business in this technically challenging market environment. You will support the management providing technical guidance and strategy input.

The purpose of this position is to produce, underwrite and service primary Commercial accounts with a focus on commercial auto that are submitted to and written through the Mobility & Innovation 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 evaluate platform based auto, autonomous vehicle exposures and tech-enabled fleet risks.

Responsibilities:

• Underwrite, price and monitor insurance business while achieving profitability targets
• 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, i.e., GLoBBs
• 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

Your profile

Qualifications:

• 5+ years of Insurance Carrier primary Commercial Auto underwriting, related Bachelor welcome.
• Excess and surplus lines and multi-line experience and knowledge helpful
• Strong client & broker focus and the ability to identify clients' needs and transform these into business
• Openness to employing advanced methods of data analytics in underwriting and business generation therefore analytical and computer skills.
• 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
• Excellent negotiation and conflict resolution skills
• Superior interpersonal skills
• Effective time management skills
• Has an entrepreneurial spirit, self-starter
• Willingness to travel 20 %

The salary range posted below applies to the Company’s NYC location.
The base salary range anticipated for this position is $ 104,600 -153,300, 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 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.

About us

Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.

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 you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.