VP, Casualty Treaty Underwriter

 

Location
Princeton , United States

 

Your job

Casualty Underwriter
MRAm Reinsurance
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 Casualty Treaty Underwriter will underwrite, price and support a portfolio of new and renewal Casualty treaty reinsurance business in accordance with Munich Re US guidelines, strategy and profitability standards. The underwriter is responsible for risk analysis and assessment, coverage evaluation, pricing, and assisting in contract negotiations in order to maintain and develop a profitable portfolio of Casualty assumed reinsurance business.

Major Responsibilities
The Casualty Treaty Underwriter will underwrite, price and support a portfolio of new and renewal Casualty treaty reinsurance business in accordance with Munich Re US guidelines, strategy and profitability standards. The underwriter is responsible for risk analysis and assessment, coverage evaluation, pricing, and assisting in contract negotiations in order to maintain and develop a profitable portfolio of Casualty assumed reinsurance business.

• Underwrite and price Casualty treaty reinsurance business in accordance with the Division’s Casualty Strategy and in compliance with corporate and divisional guidelines and best practices, both independently and also under supervision of senior underwriters.
• Works with more senior staff when dealing with complex issues, larger clients, accounts, projects, analyses, or internal relationships.
• Underwrite new and renewal treaty business in accordance with delegated underwriting authority, including all tasks associated with risk and coverage analysis and pricing, monitoring of account results, and provide recommendations for proposed terms and conditions, both independently and also under the supervision of senior underwriters.
• Negotiate contract terms and wording with clients and brokers.
• Complete underwriting audits of clients and prospects in order to provide credible evaluations of the quality of their books of business.
• Assist in projects related to the development and implementation of underwriting strategy for Casualty lines. Provide input on or develop client strategies, where applicable.
• Develop advanced proficiency in the use of Munich Re pricing models and other risk evaluation tools; including enhancing technical product and underwriting expertise with respect to both the primary and re-insurance market and products.
• Develop strong market presence being active in industry organizations and participating in broker and client marketing efforts.
• Work collaboratively with colleagues in other functional areas and across the Group, share knowledge by participating in line of business monitoring and business development activities. Works with more senior staff when dealing with complex issues, larger clients, accounts, projects, analyses, or internal relationships.

Your profile

Skills and Qualifications

• 7+ years of primary insurance and/or reinsurance company experience;
• Underwriting knowledge of Casualty Lines of Business; including actuarial concepts, industry trends, accounting and legal.
• Experience in primary and/or reinsurance Workers Compensation underwriting a plus.
• Strong interpersonal and social skills; team player.
• Strong negotiation, oral and written communication skills; Excellent presentation skills;
• Ability to think creatively and show flexibility handling multiple projects;
• Effective time management skills;
• Excellent computer skills; proficiency in MS 365 with emphasis on Excel a plus;
• Willingness to travel for audits and client and broker visits (approx. 25% of time);
• CPCU, ARe, FCAS / ACAS designations preferred;
• BS / BA required, advanced degree such as JD / LLM a plus;

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.