Munich Re

Specialty Lines Underwriter Lead

Munich Re$120K — $145K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration, Risk Management, or Finance or equivalent experience
  • 10+ years experience in an underwriting role
  • 5+ years experience in casualty and/or property underwriting, particularly in large property
  • Experience with single carrier and shared & layered business arrangements
  • 3+ years experience managing broker relationships, specifically in the energy sector
  • Preferred designations: CPCU, ARM, ARe, or similar
  • P&C, Mechanical or Facilities Engineering background is a plus

Responsibilities

  • Lead underwriting efforts for complex commercial and specialty lines in energy
  • Develop terms and conditions for corporate property programs
  • Oversee profitability of portfolios in partnership with leadership
  • Conduct account underwriting and client presentations
  • Drive sales and revenue growth for assigned clients in renewable and conventional energy
  • Act as a mentor and trainer for team members
  • Collaborate cross-functionally with Underwriting, Business Development, Operations, and Engineering

Benefits

  • Opportunities for professional growth and development
  • Mentorship in a collaborative team environment
  • Exposure to large and complex risk management scenarios
  • Engagement with leaders in the energy sector
  • Participation in innovative renewable energy projects
Full Job Description
Key contributor to emerging energy property team and lead for engineering lines and risk underwriting team. Responsible for underwriting corporate property programs focusing on large and complex commercial and specialty lines, including energy clients. Develops and determines terms and conditions applicable and considers risk-sharing acceptances. Partners with leadership to oversee portfolios to ensure profitability. Responsible for account underwriting, presentation, sales and revenue growth for assigned clients primarily in the renewable and conventional energy segment. Acts as a training mentor for team members and works with Underwriting, Business Development, Operations, and Engineering. Responsible for clients with highly complex risks.

Education and Experience
  • Bachelors degree in Business Administration, Risk Management or Finance or equivalent work experience
  • 10+ years relevant experience, preferably on an Underwriting team
  • 5+ years casualty and/or property underwriting experience, preferably within the large property space
  • Experience with single carrier and shared & layered business
  • 3+ years broker relationship energy experience
  • P&C, Mechanical or Facilities Engineering experience is a plus
  • CPCU, ARM, ARe or other industry designations are a plus

Knowledge and Skills
  • Excellent underwriting, marketing and analytical skills
  • Strong knowledge of energy all-risk underwriting. Ability to understand machinery and equipment exposures and coverages
  • Strong knowledge and understanding of structure and layer programs including quota-shares and excess placements
  • Working knowledge of CAT modeling including RMS
  • Knowledge of Energy, Renewable Energy and Green Energy a plus
  • Strong knowledge of various policy forms and coverages in the marketplace
  • Ability to work independently and in a team environment
  • Able to efficiently manage and prioritize workload
  • Relationship building skills in the marketplace, including broker relationships
  • Effective leadership skills
  • Good communications skills (verbal and written)
  • Strong interpersonal skills
  • Highly skilled negotiator
  • Solid training/mentoring 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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