Munich Re

Principal Risk Specialist - Property

Munich Re$110K — $130K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in engineering or related discipline preferred, counting for 5 years of experience
  • 15+ years in operations, maintenance, inspection, insurance engineering, or repairs in high risk sectors such as power generation, mining, or pulp & paper
  • 5+ years of experience in leadership or managing major projects preferred
  • Robust understanding of machinery and operations in high risk industries
  • Strong communication and interpersonal skills
  • Proficient in insurance industry terminology and underwriting processes

Responsibilities

  • Conduct targeted account evaluations for high risk occupancies
  • Deliver detailed risk assessments by analyzing design, condition, and human factors
  • Develop and implement engineering guidelines for multiple high-risk environments
  • Provide training and mentoring to the High Risk Group and underwriting teams
  • Lead consultative risk control engineering services to manage and improve risks

Benefits

  • Remote work flexibility
  • Opportunities for professional development and training
  • Leadership role in a specialized high risk group
  • Engagement with top-tier underwriters and engineers
  • Access to a broad range of high-value projects and accounts
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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