Munich Re

Risk Specialist

Munich Re • $100K — $120K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in engineering or related discipline (counts as 5 years of experience)
  • 10+ years in high value/risk industries like power generation or mining
  • Strong understanding of high risk occupations
  • Excellent interpersonal, written, and verbal communication skills
  • Self-starter with the ability to manage competing priorities
  • Familiarity with insurance industry and underwriting terms

Responsibilities

  • Evaluate and interpret risk factors for high risk occupancies
  • Conduct regular site visits for hands-on risk assessment
  • Plan and oversee loss control initiatives to minimize exposures
  • Engage with insured clients to implement risk management recommendations
  • Provide consultative risk control engineering services
  • Deliver timely account evaluations for underwriters

Benefits

  • Remote work flexibility
  • Opportunities for professional development
  • Engagement in consultative and collaborative work environment
  • Potential for site visits to diversify experience
  • Access to a network of experts in underwriting and risk management
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 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 Specialist will determine how to improve/manage the risk through account engineering, loss control initiatives and consultative risk control engineering services.

Regularly performs site visits to evaluate risk. Plans and oversees loss control activities to reduce underwriting exposusures for assigned high risk accounts. Uses a consultative approach with the insured to implement recommendations and reduce risk.

Education and Experience
  • Bachelor's degree in engineering or related discipline can be counted for 5 years of experience
  • 10+ years experience in high value/risk occupancy industries, boiler inspection, or insurance engineering. High value/risk occupancies include: power generation, primary metals, mining, pulp & paper, sugar, or glass

Knowledge and Skills
  • Comprehensive understanding of at least one 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 term
  • Strong interviewing, 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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