Munich Re

Principal Risk Specialist

Munich Re$110K — $130K *
Boise, ID 83709In-Person
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in engineering or related discipline preferred (counts as 5 years of experience)
  • 15+ years in operations, maintenance, inspection, or insurance engineering for high-risk occupancies
  • 5+ years leading or managing personnel or major repair/installation projects preferred
  • Comprehensive understanding of machinery and operations in high-risk industries
  • Excellent interpersonal, written, and verbal communication skills
  • Self-starter able to work independently and manage competing priorities
  • Proficient in insurance industry terms and underwriting concepts

Responsibilities

  • Evaluate accounts involving high-risk operations for underwriting support
  • Interpret design, condition, and operational factors affecting risk
  • Develop and implement engineering guidelines for high-risk occupancies
  • Lead and mentor the High Risk Group and loss control engineering teams
  • Conduct training sessions on risk evaluation and loss control initiatives
  • Consult on engineering services to manage and improve risk
  • Act as a liaison with HSB and Munich Re Underwriters for account assessments

Benefits

  • Remote work opportunity within the USA
  • Professional development through leadership roles
  • Exposure to high-value/risk sectors
  • Involvement in strategic risk management initiatives
  • Collaboration with top industry underwriters
Full Job Description
Location: Remote, USA

Job Description

Responsible for working with both HSB and Munich Re Underwriters to support profitable underwriting, by delivering timely and targeted account evaluations in high risk occupancies. The Principal Specialist will apply advanced technical knowledge and experience to provide detailed risk evaluations of an account by interpreting factors such as design, condition, operations, maintenance, and human elements. The Principal Specialist will determine how to improve/manage the risk through account engineering, loss control initiatives and consultative risk control engineering services.

Oversees the development, implementation, and maintenance of engineering guidelines on multiple high risk occupanices. Provides training and leadership to other members of the High Risk Group, loss control engineering, and underwriting.

Education and Experience
  • Bachelor's degree in engineering or related discipline is preferred, and can be counted for 5 years of experience
  • 15+ years of experience in operations, maintenance, inspection, insurance engineering, and/or repairs of process equipment associated with high value/risk occupancies such as power generation, primary metals, mining, pulp & paper, sugar, or glass
  • 5+ years experience leading/managing personnel and/or major equipment repair/installation projects as part of the experience noted above is preferred

Knowledge and Skills
  • Comprehensive understanding of the machinery, operations, repair timelines, and process flow for multiple high risk occupancies
  • Excellent interpersonal skills
  • Excellent written and verbal communication
  • Self-starter; able to work with limited supervision and manage competing priorities.
  • Understanding of insurance industry and underwriting terms
  • Strong presentation and training skills

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

About Munich Re

Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. The company is headquartered in Munich, Germany. Munich Re operates in all lines of insurance and has a presence in all major markets worldwide. Munich Re's business model is based on the combination of primary insurance and reinsurance under one roof. The company has three business segments: reinsurance, primary insurance, and Munich Health. Munich Re's global premium income amounted to ?54.5 billion in 2020.
Learn more about Munich Re
Size
41,000 employees
Industry

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