Underwriting Analyst #3833
This role can be located in Chicago, Philadelphia or Princeton.
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 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.
The Opportunity As an Underwriting Analyst supporting our Public Entity business unit, you will assist underwriters by providing the initial risk assessment support for new and renewal business.
You will also be responsible for delivering timely account setup, rating, technical underwriting support, policy issuance, and post issuance service for moderate to complex accounts.
You may occasionally perform risk clearance.
Duties will include, but aren't limited to supporting insurance and/or reinsurance products; reviewing account coverages, losses, and additional data supporting underwriting decisions; collecting and reconciling account level data and accurately and efficiently run pricing models for Property and/or Casualty accounts.
Consistent and effective communication to external (brokers/agencies) and internal (underwriters/actuaries, etc.
) is essential for successful Underwriting Analysts.
Key Responsibilities In this position you will:
Support new and renewal underwriting tasks for Public Entity business units by organizing submission information; completing risk clearance, providing pricing and quoting support to underwriters Review, analyze and input financial and statistical information in appropriate system(s) to provide timely and accurate quote (pricing), policy, reinsurance, endorsement booking and additional required documentation Interpret data and set up account in appropriate system(s) ensuring accuracy, often working directly with the account underwriter and/or actuarial team members Support policy and reinsurance (as assigned) binding, issuance and service requirements High interaction and coordination with broker agents, clients, and internal team members to support underwriting decisions and to obtain and provide information as needed and answer general questions of underwriters and clients.
Recommend process improvements, tool enhancements, testing of system and process changes.
Perform quality control checks to ensure data accuracy and maximize the integrity, quality and usability of information.
Assist team members with and support projects as-needed/assigned.
Job Requirements:
College degree with emphasis on insurance, business or accounting preferred Five (5)
years insurance or reinsurance company experience with emphasis on analytic functions in underwriting support, underwriting, and/or accounting preferred Position requires familiarity with risk modeling, and working knowledge of insurance policies and/or reinsurance contracts for property/casualty (or otherwise agreed) lines of business.
Intermediate to expert level computer skills - Microsoft Excel, Word, PowerPoint, SharePoint, and Outlook Bachelor's degree (or equivalent work experience) in related field Ideal candidates will possess the following skills and capabilities:
Has a proactive and passionate service approach with ability to take ownership and drive issues to resolution Is highly adaptive and able to work effectively in ambiguous and changing environments Is able to work quickly and with minimal direct oversight Demonstrates the ability to manage competing priorities within a team first, solutions oriented culture Working knowledge of insurance pricing models, policies and reinsurance contracts for property/casualty lines of business Excellent interpersonal, verbal and written communication skills.
Actively listens to others to ensure understanding of issues.
Dedicated to meeting the expectations and requirements of internal and external customers.
High learning agility; proven track record of learning new duties quickly and understanding implications of system input, decisions, etc.
Individuals with experience supporting Casualty Insurance/Reinsurance usiness highly encouraged to apply.
At Munich Re, 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.
#J-18808-Ljbffr Recommended Skills Actuarial Science Agility Communication Finance Hardworking And Dedicated Microsoft Excel Estimated Salary: $20 to $28 per hour based on qualifications.
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 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.
The Opportunity As an Underwriting Analyst supporting our Public Entity business unit, you will assist underwriters by providing the initial risk assessment support for new and renewal business.
You will also be responsible for delivering timely account setup, rating, technical underwriting support, policy issuance, and post issuance service for moderate to complex accounts.
You may occasionally perform risk clearance.
Duties will include, but aren't limited to supporting insurance and/or reinsurance products; reviewing account coverages, losses, and additional data supporting underwriting decisions; collecting and reconciling account level data and accurately and efficiently run pricing models for Property and/or Casualty accounts.
Consistent and effective communication to external (brokers/agencies) and internal (underwriters/actuaries, etc.
) is essential for successful Underwriting Analysts.
Key Responsibilities In this position you will:
Support new and renewal underwriting tasks for Public Entity business units by organizing submission information; completing risk clearance, providing pricing and quoting support to underwriters Review, analyze and input financial and statistical information in appropriate system(s) to provide timely and accurate quote (pricing), policy, reinsurance, endorsement booking and additional required documentation Interpret data and set up account in appropriate system(s) ensuring accuracy, often working directly with the account underwriter and/or actuarial team members Support policy and reinsurance (as assigned) binding, issuance and service requirements High interaction and coordination with broker agents, clients, and internal team members to support underwriting decisions and to obtain and provide information as needed and answer general questions of underwriters and clients.
Recommend process improvements, tool enhancements, testing of system and process changes.
Perform quality control checks to ensure data accuracy and maximize the integrity, quality and usability of information.
Assist team members with and support projects as-needed/assigned.
Job Requirements:
College degree with emphasis on insurance, business or accounting preferred Five (5)
years insurance or reinsurance company experience with emphasis on analytic functions in underwriting support, underwriting, and/or accounting preferred Position requires familiarity with risk modeling, and working knowledge of insurance policies and/or reinsurance contracts for property/casualty (or otherwise agreed) lines of business.
Intermediate to expert level computer skills - Microsoft Excel, Word, PowerPoint, SharePoint, and Outlook Bachelor's degree (or equivalent work experience) in related field Ideal candidates will possess the following skills and capabilities:
Has a proactive and passionate service approach with ability to take ownership and drive issues to resolution Is highly adaptive and able to work effectively in ambiguous and changing environments Is able to work quickly and with minimal direct oversight Demonstrates the ability to manage competing priorities within a team first, solutions oriented culture Working knowledge of insurance pricing models, policies and reinsurance contracts for property/casualty lines of business Excellent interpersonal, verbal and written communication skills.
Actively listens to others to ensure understanding of issues.
Dedicated to meeting the expectations and requirements of internal and external customers.
High learning agility; proven track record of learning new duties quickly and understanding implications of system input, decisions, etc.
Individuals with experience supporting Casualty Insurance/Reinsurance usiness highly encouraged to apply.
At Munich Re, 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.
#J-18808-Ljbffr Recommended Skills Actuarial Science Agility Communication Finance Hardworking And Dedicated Microsoft Excel Estimated Salary: $20 to $28 per hour based on qualifications.
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