Facultative Property Underwriter - Programs With this opportunity, your primary responsibility will be underwriting property facultative reinsurance programs in the US. Facultative Underwriters are responsible for risk analysis and assessment, coverage evaluation, pricing and marketing to assigned brokers and clients. This position will lead or assist in negotiations in order to maintain and develop a profitable facultative reinsurance portfolio. Your Job • Independently underwrite and price facultative program business in accordance with corporate, divisional and department guidelines and philosophy. • Underwrite new and renewal business, including all tasks associated with risk and coverage analysis and pricing, and provide recommendations for proposed terms within delegated underwriting authority. • Review primary policy, reinsurance contract and endorsement wording and ensure accuracy and conformance with guidelines. • Refer all business outside of delegated underwriting authority to appropriate referral underwriter. • Assess and analyze required risk information and recommend reinsurance solutions to brokers and clients. • Maintain complete and accurate business records. • Provide insight into the quantitative and qualitative analyses of results for the business unit. • Facilitate internal communication and coordination between the business unit, the Company and if applicable the MR Group. • Collaborate with Claims. • Assist management as needed in fulfilling all managerial duties. Client Relationship Management: • Develop and maintain client relationships and develop new sources of business. • Provide responsive service on all broker and direct client requests. • Monitor profitability of assigned clients. • Promote the Group's capabilities and competencies externally. Reviews: • Participate in peer reviews of team members' accounts. • Participate in underwriting reviews of program clients or prospective clients, sometimes in conjunction with other teams. Qualifications: Successful candidates will possess the following skills/capabilities: • 5+ years of experience in (re)insurance underwriting, broker community or corporate risk market. • Bachelor's Degree preferred, advanced degree a plus. CPCU, ARe designations preferred. • Proficiency in the use of pricing models, tools and other risk evaluation models. • Strong interpersonal skills, excellent negotiation, oral and written communication skills, in addition, solid understanding of accounting, finance and actuarial concepts. • Ability to manage Client relationships and maintain profitable relationships. • Experience working with Brokers, Direct Clients or Managing General Agents is required. Required to travel to branch offices, annual client audits, client and broker visits and industry conferences (approx. 20% of time). The Company is open to considering candidates in Chicago, IL. The salary range posted below applies to the Company's Princeton location. The base salary range anticipated for this position is $138,400 to $203,000 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 Chicago, IL. 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.