Underwriting Analyst

Underwriting Assistant

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

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

As an Underwriting Assistant, you will assist underwriters by providing the initial risk assessment support for new and renewal business.  You will also be responsible for delivering timely and accurate account setup, rating, technical underwriting support, policy issuance, and post issuance service for moderate to complex accounts.   Duties will include but aren’t limited to supporting insurance products; reviewing account coverages, losses, and additional data supporting underwriting decisions; collecting and reconciling account level data and accurately and efficiently develop pricing models.

Responsibilities

In this position you will:

• Support new and renewal underwriting tasks for specialty insurance business units
• Input information to increase the data quality associated with Statements of Values received from our producers to underwrite business.
• Collect, process, and store all appropriate documentation according to internal processes
• Interact with internal and external stakeholders in support of underwriting decision making
• Perform additional duties as assigned

Qualifications

Successful candidates will possess the following experience/skills/qualifications:

• Bachelor’s degree or experience equivalent in a related field
• 2-3 years in a similar role supporting similar business types
• Excellent customer service with ability to take ownership and drive issues to resolution
• Highly adaptive and able to work effectively in changing environments
• Working knowledge of Word
• Advanced skills with Excel
• Ability to work quickly and with little to no oversight
• Appreciates a fast paced, team first, solutions-oriented culture

The Company is open to considering candidates in numerous locations, including Princeton, NJ. The salary range posted below applies to the Company’s Princeton location.

The base salary range anticipated for this position is $65,000 to $80,000 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 Princeton. 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.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance 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 and AD&D coverage that is 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 (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• 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, with more days added when you celebrate milestone service anniversaries.
• 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.

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.

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