Description
The Company
As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.
The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company’s Princeton location. The base salary range anticipated for this position is $70,000 - $105,000 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, NJ. 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.
The Opportunity
We are seeking an Underwriting Analyst to provide technical support and analysis for our P&C reinsurance treaties. This role will work collaboratively with underwriters and the underwriting support team to facilitate efficient processing and decision making on submissions. This intermediate-level role also offers a unique opportunity to develop your technical and analytical skills while contributing to the success of operations and gaining exposure to a wide-range of disciplines within the reinsurance organization.
Responsibilities
Provide technical underwriting support under general direction. Input terms and conditions into the Underwriting system and complete treaty transfers into the accounting system.
Collaborate with underwriters and the underwriting support team to ensure seamless processing and issue resolution. Problem-solve issues raised by Accounting, Claims, Contracts and Audit related to treaty processing.
Serve as a division expert for a designated application, system, or workflow, including: Testing and communicating roll-out upgrades and enhancements.
Coordinating and communicating system downtimes.
Maintaining user guides and conducting training sessions on systems.
Process submission information, including Setting up electronic workspaces and maintaining underwriting file documentation.
Maintaining and tracking new and renewal business.
Submitting CAT modeling requests.
Generate and distribute reports for workflow management and quality assurance purposes.
Participate in global and local projects that impact the team, as needed. Provide assistance to the Operations Manager to enhance our systems, processes, and procedures within the organization.
Develop solid understanding of Treaty/Program underwriting, contracts, processing, and pricing systems.
Requirements
Qualifications
Bachelor's degree in a related field, such as business, accounting, finance, economics, insurance or risk management. CPCU or another insurance designation a plus.
2+ years of work experience in Insurance/Reinsurance, Accounting, or Risk Management.
Proficiency in Microsoft Office required. Exposure to underwriting systems and software, data analysis and reporting tools preferred.
Strong analytical skills. Able to think critically and solve problems independently.
Excellent organizational and time management skills. The ability to prioritize tasks, adjust to changing priorities, and manage multiple projects simultaneously.
Growth mindset with the ability to learn new systems and processes quickly.
