[Hiring] Senior Portfolio Underwriter @Munich Re Careers

Role Description

The Senior Portfolio Underwriter at HSB holds the paramount responsibility for managing, monitoring, expanding, and optimizing the portfolio products for the company’s largest and most critical client company relationships. This role is central to achieving profit and growth objectives and is a cornerstone of HSB's strategic initiative to foster business growth.

• Act as a catalyst in the introduction of new products and managing the performance of existing client companies.
• Devise innovative solutions by tapping into HSB’s comprehensive resources, encompassing data, products, and services.
• Utilize creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance.
• Develop targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends.
• Conduct thorough examinations of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
• Craft and deliver compelling client presentations externally to communicate financial results, data analyses, rate assessments, and evolving loss trends.
• Make crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, impacting the company’s P&L.

Qualifications

• Bachelors or equivalent work experience is required.
• 7+ years of P&C insurance/reinsurance experience.
• 5+ years in Underwriting preferred.
• Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures, and processes to drive profitable results.
• Demonstrated ability to translate large data analysis into actionable decisions.
• Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends.
• Past experience with responsibility for achieving profit and growth targets for a book of business.
• Demonstrated experience with negotiation and conflict resolution.
• Exhibited ability to develop creative and unique solutions.
• HSB Product knowledge and previous experience and familiarity with HSB is desired.

Requirements

• Financial Statement (Business Finance) knowledge and analysis.
• General insurance/reinsurance industry knowledge.
• Presentation Skills.
• Strong interpersonal, written, and verbal communication skills.
• Portfolio analysis.
• HSB Product knowledge.
• Organization and time management skills.
• Consultative and Strategic negotiation skills.
• Strong project management skills to manage multiple concurrent projects and issues.
• PC skills (Excel, PowerPoint, Power BI, and Word).
• Detail Oriented.
• Action oriented with strong analytical, actuarial skills, statistical analysis, innovation, and persuasion skills to influence change.
• Naturally curious and inquisitive to identify issues and solve problems.
• Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues.

Benefits

• Inclusive culture fostering diversity and empowerment.
• Equal opportunity employer with reasonable accommodations for individuals with disabilities.