Munich Reinsurance America, Inc. - Princeton, NJ

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Management and administration of assigned insurance programs written via MGA’s as well as non-traditional treaty and facultative reinsurance business, including production, underwriting, monitoring and servicing the business in order to achieve profitability goals.
  • Manage under general direction assignedaccounts and production efforts which are moderately complex in nature.
  • Handle individual risk referrals and facultative submissions within underwriting authority, as appropriate.
  • Maintain professional relationships with existing or prospective clients, including MGAs, brokers, fronting carriers, captive managers, etc.
  • Underwrite and monitor reinsurance and insurance business while achieving profitability targets.
  • Establish/maintain production/underwriting strategies for assigned programs, under general direction.
  • Establish monitoring program/schedule to administer existing business which include results monitoring, audits, referrals and program expansion.
  • Implement the SBU Underwriting Process
  • a. Maintain compliance with CU and Divisional underwriting guidelines.
  • b. Maintain an working knowledge of all tools and models used in the underwriting process.
  • c. Possess a clear understanding of our underwriting guidelines and pricing guidelines to ensure appropriate risk-reward decision-making.
  • Development of new or potential business clients, including performing initial vetting of opportunities.
  • As directed, serve on “ad hoc” committees to provide input and assistance to management. i.e. GLoBBs
  • Review and provide input for policy/contract language, underwriting guidelines and rating plans.

  • 5+ years of underwriting experience in insurance/reinsurance
  • Bachelor degree, major/minor in accounting or finance preferred.
  • Effective negotiation skills
  • Strong verbal and written communication skills
  • Effective time management
  • Entrepreneurial spirit
  • Effective project management skills related to evaluation of new insurance programs and their in-force management
  • Effectively communicate and manage interactions with claims, financial, actuarial, operations and legal disciplines who participate as team members on program business
  • Intellectual Curiosity
  • Team player
  • Willingness to travel (@ 25%) TBD by Division