Casualty Treaty Underwriting Associate

Location
Princeton , United States

Your job

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.

The Company
Munich Re US (MR US) offers 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.

We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients’ needs, creating opportunities to achieve sustained profitable growth.

The Opportunity
Key to the achievement of our goals to become a digital enterprise which leverages data analytics in order to make decisions about current and future risks, you’ll be empowered and expected to support and add to our culture of innovation and the vision for the future of Reinsurance.

The Underwriting Associate is responsible for achieving the skills to analyze risk in (re)insurance proposals, determining acceptable policy terms, and calculating premiums on the basis of actuarial, statistical, and background information.

Core Accountabilities include:

• In a close collaborative environment, underwrite new and renewal business, including all tasks associated with risk and coverage analysis and pricing, and provide sound recommendations for proposed terms to colleagues with appropriate acceptance authority.
• Ensure compliance with underwriting guidelines/ philosophy and adherence within underwriting authority to produce desired profitability.
• Maintain high standards for thoroughness, accuracy, and consistency of work product.
• Build effective working relationships across departmental, internal companies and clients, while maintaining diplomacy to drive successful business outcomes.
• Develop strong market presence by being active in client and broker marketing and industry meetings.
• Participate on any project that impacts the business unit or division. impacts the business unit or division.
• Develop and deepen insurance knowledge by achieving the proper industry designations.

Your profile

• Entry level to 3 years of reinsurance or insurance experience
• Bachelor’s degree required.
• Experience in MS Word, Excel, PowerPoint, Outlook and Power BI preferred
• Core competencies include ensures accountability, manages ambiguity, communicates effectively, manages complexity, customer focus and negotiation.
• This role will be based out of our Princeton office.

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.