Underwriting Operations Lead
Company
Munich Re America
Location
New York
, United States
Underwriting Operations Lead
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.
*Munich Re Specialty Insurance / MRSI is a description for the insurance business operations of affiliated insurers, producers, and related service providers of the Munich Re (Group) that share a common mission, management, operating platform, and vision to offer specialty property and casualty products and services in Canada and the United States.
The products and services are to be delivered by and in the name of AAIC, PESLIC, BIC, Temple, and B&C.
The Opportunity
The Underwriting operations lead is a vital part of the MRSI Bell & Clements (B&C) team. This position requires leading the continuous design, development, and upkeep of commercial property and casualty insurance forms libraries and underwriting guidelines. It also involves training Coverholders on ISO and/or Lloyds based products, managing updates to underwriting guidelines and documentation, and collaborating with various teams.
Responsibilities:
Lead the ongoing design, development, and maintenance of the commercial property and casualty, personal, manuscript, ISO, and Lloyds based forms libraries
Lead the ongoing design, development and maintenance of the commercial property and casualty, personal, manuscript, ISO, and Lloyds based underwriting guidelines
Develop, maintain and train Coverholders on ISO and/or Lloyds based products including rating
Lead ongoing development and monitoring of the documentation and implementation of efficient procedures including training, internal/external communication, and ongoing revisions for existing usage guidelines, guides, and new products
Manage ongoing iBridge updates of Underwriting Guidelines, appetite, forms, rating, Coverholder Bulletins, Coverholder Factsheet, and Coverholder Scorecard
Train new Coverholders on all aspects of iBridge
Train, monitor, and supervise Applications Administrator and Coverholders on Docucorp forms libraries, form language, and completion of dynamic fields data
Provide input to Data Governance Analyst on Bordereaux Validations
Conduct testing and training of new Coverholders with bordereaux formats
Collaborate and communicate regularly with other teams such as Managed Underwriting, Compliance, Technical, Accounting, London Operations, and Claims
Assist in the ongoing revisions of Compliance Review process including report templates, questionnaires, and acceptable responses for Coverholders and external vendors
Conduct at least three Coverholder Compliance reviews annually
Participate in at least three Coverholder Underwriting reviews annually
Recognized as a thought leader around insurance issues in the US property and casualty sector
20% travel as necessary within US and London
Job Requirements:
10+ years of Property and Casualty underwriting experience preferably with an Insurance Carrier or Wholesale Insurance Broker
ISO and Manuscript Insurance Coverage and Form competency necessary
Ability to research and resolve technical insurance issues
Understanding business plan(s) for supported business(es)
Proficient in all Microsoft Office programs (Outlook, Word, Excel, One Note, PowerPoint, SharePoint, and Teams)
Strong influencing skills to ensure alignment with Underwriting, Operations, Finance, Technical, and Compliance
Strong leadership skills with the ability to build rapport, teamwork, and resolve conflicts
Presentation and training experience
Bachelor’s or University Degree in Business Management, Science, Finance or equivalent required
Insurance Designation a plus
This role is being offered in our Princeton, NJ; Philadelphia, PA; Chicago, IL; Atlanta, GA; and NYC, NY offices. For the right candidate, we are also open to considering this role fully remote.
The salary range posted below applies to the Company’s NYC location.
The base salary range anticipated for this position is $110,500 - $162,000 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, 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.