Underwriting Team Lead

Company
Munich Re America
Location
Chicago , United States

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.  We will consider a range of experience for this role and the offer will be commensurate with that.

 

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

Future focused and always one step ahead

 

The Underwriting Team Lead for Corporate Property will lead a team of underwriters to achieve business unit goals; be accountable for a book of business by managing the underwriting of profitable business, achieving the goals as set forth in the business plan and managing, developing and retaining talent.   

 

Requirements

 

• Manage the underwriting process to ensure efficiency as well as portfolio underwriting & pricing integrity.
• Uphold underwriting practices consistent with all MR Group and F&C delegated authority and local guidelines, Mandate, Best Practices and underwriting strategies. 
• Steer Portfolio in consideration of LoB strategy and plan and demonstrate an agility to adjust according to external market forces. 
• Thought leadership in business segment through representation at market and client events.
• Negotiate and conclude the offers, terms of contract with Brokers/Clients and, when necessary and feasible, submit counter proposals.
• Develop financial and non-financial goals and objectives for individual underwriters consistent with Group and F&C strategic objectives
• Develop and mentor underwriters and support the development of talent across the MR Group.
• Embrace and lead the Continuous Conversations model of performance and development enablement
• Lead talent acquisition efforts, employing diversity and inclusion to build diverse, high performing teams

 

Qualifications

• 10+ years of experience in (re)insurance, broker community and/ or corporate risk market. 7+ years of underwriting experience preferred.
• Bachelor’s Degree preferred advanced degree a plus. Professional designations desirable.
• Demonstrate executive presence, instilling trust at all levels internally, and with client and broker partnerships
• Demonstrated superior negotiation skills, facilitating and managing the complexities and challenges associated with sourcing business.
• Excellent written and oral communication skills. Able to adjust communication style to audience at all levels internally or externally. Outstanding presentation skills, able to speak at professional seminars, panels or workshops.
• Demonstrate advanced proficiency in the use of pricing models and other risk evaluation models. Strategic decision making based on data interpretation beyond models.
• Leverage staff data and analytics expertise to drive profitable underwriting results.
• Manage the peer review process. Ensure plans are developed and executed as a result of the review process. Involved where necessary for more complex reviews.
• Ability to travel nationally and internationally (Up to 30%).

 

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.   

 

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