Munich Re
Property Engineering Energy Underwriter - Construction
Munich Re, Atlanta, Georgia, United States, 30383
Property Engineering Energy Underwriter – Construction
We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. We will consider a range of experience for this role and the offer will be commensurate with that.
The Company
As a member of Munich Re’s US operations, we offer the financial strength and stability that comes with being part of the world’s preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.
The Opportunity
The Engineering & Energy business units of Munich Re F&C provide custom‑made insurance solutions to the power, energy and construction industries. For the Munich Re F&C U.S. Corporate Engineering & Energy team, we are looking for a qualified Construction Underwriter who will be tasked with underwriting large builders risk placements. This role is preferably based out of New York, Chicago, Houston, San Francisco, or Atlanta.
Apply specialized EAR and CAR underwriting risk analysis skills and insurance knowledge to adequately assess the potential exposures for construction risks underwritten in Munich Re Facultative & Corporate Property (MRF&C) U.S. Corporate Engineering & Energy Division. Determine the appropriate terms and conditions and consider risk‑sharing acceptances. Manage a growing pipeline of construction submittals. Assist where necessary on power‑gen & renewable energy and down/midstream energy and specialty chemical risk accounts within the portfolio.
Responsibilities
Produce, underwrite and manage a portfolio of civil, energy and power construction projects per risk appetite through contacts with retail and wholesale insurance brokers, risk purchasing groups and captives.
Underwrite Engineering (Power‑Gen & Construction) and Energy allocated business.
Perform the underwriting referral function with colleagues and peers in line with established authority, guidelines and mandates.
Implement pricing and layering models of the MRF&C Energy and the Munich Re rating, driving modifications when necessary.
Support and recommend changes to the Engineering & Energy Underwriting Guidelines as needed.
Work within the referral audit process with overall adherence to risk selection and pricing techniques developed for MRF&C Engineering & Energy.
Support, recommend and develop new products and filings to satisfy client needs.
Drive policy form enhancements and rating tools, and innovate with respect to distribution channel choices.
Provide construction underwriting expertise and input as a referral resource to other distribution channels and client groups.
Negotiate and conclude offers, terms of contract with brokers/clients and submit counter proposals when necessary.
Analyze and evaluate distribution of limits, attachment points and layers for Engineering & Energy business to maximize profitability.
Track and monitor loss development for construction portfolio, keeping current on industry loss trends and working with Claims as needed.
Marketing & Technical Engagement
Establish and maintain sound contact with clients, keeping abreast of market developments and client needs.
Provide, in close consultation with the MRF&C Division, Engineering & Energy products and services to maximize and develop new/existing business opportunities.
Promote MRF&C Engineering & Energy capabilities and competencies.
Participate in industry seminars/workshops as a speaker or trainer.
Organize and assist in the delivery of MRF&C Property Engineering & Energy technical seminars.
Contribute to technical journals.
Ensure appropriate representation on technical insurance market committees, providing technical input and sourcing key market knowledge.
Assist the Manager, Property Engineering & Energy as required in fulfilling all managerial and administrative duties.
Qualifications
Bachelor’s Degree with preference in a technical field (e.g., Engineering).
10+ years practical industry experience preferred.
Knowledge of internal processing procedures and systems.
Negotiation and relationship marketing skills.
Excellent verbal and written communication skills.
Ability to travel nationally and internationally.
Benefits
Base salary range: $174,200 – $290,300 plus company bonus based on a percentage of eligible pay.
Health insurance (PPO or High Deductible), prescription drug coverage, vision and dental plans.
Life and disability insurance, 401(k) match up to 5%, retirement savings plan 100% company funded.
Paid holidays and paid time off (24 days each year with additional days for milestones).
Annual bonus opportunity as a Munich Re employee.
Health and wellness programs at no cost.
Tuition assistance and educational achievement bonuses.
Corporate matching gifts program.
Paid time off for eligible family care needs and volunteering in community.
We are an equal‑opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
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The Company
As a member of Munich Re’s US operations, we offer the financial strength and stability that comes with being part of the world’s preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.
The Opportunity
The Engineering & Energy business units of Munich Re F&C provide custom‑made insurance solutions to the power, energy and construction industries. For the Munich Re F&C U.S. Corporate Engineering & Energy team, we are looking for a qualified Construction Underwriter who will be tasked with underwriting large builders risk placements. This role is preferably based out of New York, Chicago, Houston, San Francisco, or Atlanta.
Apply specialized EAR and CAR underwriting risk analysis skills and insurance knowledge to adequately assess the potential exposures for construction risks underwritten in Munich Re Facultative & Corporate Property (MRF&C) U.S. Corporate Engineering & Energy Division. Determine the appropriate terms and conditions and consider risk‑sharing acceptances. Manage a growing pipeline of construction submittals. Assist where necessary on power‑gen & renewable energy and down/midstream energy and specialty chemical risk accounts within the portfolio.
Responsibilities
Produce, underwrite and manage a portfolio of civil, energy and power construction projects per risk appetite through contacts with retail and wholesale insurance brokers, risk purchasing groups and captives.
Underwrite Engineering (Power‑Gen & Construction) and Energy allocated business.
Perform the underwriting referral function with colleagues and peers in line with established authority, guidelines and mandates.
Implement pricing and layering models of the MRF&C Energy and the Munich Re rating, driving modifications when necessary.
Support and recommend changes to the Engineering & Energy Underwriting Guidelines as needed.
Work within the referral audit process with overall adherence to risk selection and pricing techniques developed for MRF&C Engineering & Energy.
Support, recommend and develop new products and filings to satisfy client needs.
Drive policy form enhancements and rating tools, and innovate with respect to distribution channel choices.
Provide construction underwriting expertise and input as a referral resource to other distribution channels and client groups.
Negotiate and conclude offers, terms of contract with brokers/clients and submit counter proposals when necessary.
Analyze and evaluate distribution of limits, attachment points and layers for Engineering & Energy business to maximize profitability.
Track and monitor loss development for construction portfolio, keeping current on industry loss trends and working with Claims as needed.
Marketing & Technical Engagement
Establish and maintain sound contact with clients, keeping abreast of market developments and client needs.
Provide, in close consultation with the MRF&C Division, Engineering & Energy products and services to maximize and develop new/existing business opportunities.
Promote MRF&C Engineering & Energy capabilities and competencies.
Participate in industry seminars/workshops as a speaker or trainer.
Organize and assist in the delivery of MRF&C Property Engineering & Energy technical seminars.
Contribute to technical journals.
Ensure appropriate representation on technical insurance market committees, providing technical input and sourcing key market knowledge.
Assist the Manager, Property Engineering & Energy as required in fulfilling all managerial and administrative duties.
Qualifications
Bachelor’s Degree with preference in a technical field (e.g., Engineering).
10+ years practical industry experience preferred.
Knowledge of internal processing procedures and systems.
Negotiation and relationship marketing skills.
Excellent verbal and written communication skills.
Ability to travel nationally and internationally.
Benefits
Base salary range: $174,200 – $290,300 plus company bonus based on a percentage of eligible pay.
Health insurance (PPO or High Deductible), prescription drug coverage, vision and dental plans.
Life and disability insurance, 401(k) match up to 5%, retirement savings plan 100% company funded.
Paid holidays and paid time off (24 days each year with additional days for milestones).
Annual bonus opportunity as a Munich Re employee.
Health and wellness programs at no cost.
Tuition assistance and educational achievement bonuses.
Corporate matching gifts program.
Paid time off for eligible family care needs and volunteering in community.
We are an equal‑opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
#J-18808-Ljbffr