[Hiring] Head of Property Underwriting @Munich Re

Role Description

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.

As a key member of the Global Specialty Insurance (GSI) Corporate Underwriting team, the Head of GSI Property Underwriting assumes a strategic role in providing a portfolio level view of the component Property risks that make up the global primary insurance portfolio. It is a second line of defense ensuring the quality of underwriting throughout GSI and execution of GSI Underwriting strategies. The focus will be on consistent views of risk across the local underwriting teams in the Entrepreneurial Business Units to support long-term profitability of the Property portfolio.

Responsibilities

• Setting the overall GSI Property Underwriting strategy, guidelines and risk management approaches.
• Oversight of GSI specific underwriting strategies and guidelines through the GSI Underwriting teams.
• Response to industry trends and their impacts on GSI portfolio results.
• Implementation of the Global Property UW strategies and Global UW guidelines, where applicable.
• Expert handling of referrals from business units (BUs) seeking approval of risks outside their delegated authority.
• Thought leadership on Property topics, and leadership of Property Underwriting Roundtable.
• Ensuring there are measurable standards for Business Unit Underwriting excellence.
• Coordinate the established Underwriting Strategies and Mandates of the BUs.
• Conducting regional portfolio monitoring to identify opportunities for improving profitability.
• Implement quantitative analytics and pricing methodologies for Property segments.
• Leading Primary insurance business unit Underwriting audits/reviews.
• Ensuring that the guidance provided by CU Munich is well understood throughout GSI.
• Occasional coordination with Reinsurance colleagues in the various Reinsurance Divisions.
• Periodic assessment of Property accumulations across all GSI entities.
• Coordination of budget requests to ensure the highest return opportunities are priority.

Qualifications

• In-depth knowledge of Insurance Underwriting practices and procedures.
• Minimum of 10 years of Property Underwriting of primary business.
• Experience underwriting MGA/Program business.
• Experience in US admitted and E&S markets, personal as well as commercial lines.
• BS/BA, advanced degree a plus.
• CPCU, ARe designations preferred.
• Ability to provide clear underwriting intent as it relates to the development of new products.
• Ability to explain complex insurance and reinsurance concepts to both technical and non-technical audiences.
• Strong communications, interpersonal, and influencing skills.
• Excellent presentation skills.
• Willingness to travel (up to 35% - 45%).

Requirements

• The Company is open to considering candidates in numerous locations, including New York (NY), Philadelphia (PA), Princeton (NJ), Hartford (CT), Chicago (IL), Atlanta (GA) and Remote.
• The base salary range anticipated for this position is $246,200 - $400,000 plus opportunity for company bonus based upon a percentage of eligible pay.
• Most candidates will start in the bottom half of the range.

Benefits

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents.
• Voluntary Benefit plans that supplement your health and life insurance plans.
• A robust 401k plan with up to a 5% employer match.
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.