Munich Re
Property Engineering Energy Underwriter - Construction
Munich Re, Atlanta, Georgia, United States, 30383
Property Engineering Energy Underwriter - Construction
Join Munich Re as a 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 Munich Re is the world’s preeminent insurance and reinsurance brand, offering financial strength and stability. Our risk experts assemble the right mix of products and services to help clients stay competitive, from traditional reinsurance coverages to niche and specialty products; Munich Re Facultative and Corporate (MR F&C) bundles Munich Re’s facultative and corporate business into one global unit.
The Opportunity The Engineering & Energy business units provide custom‑made insurance solutions to the power, energy and construction industries. We are looking for a qualified Construction underwriter to manage and underwrite 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 assess construction risks underwritten in the Munich Re Facultative & Corporate Property (MRF&C) U.S. Corporate Engineering & Energy Division of Munich Re. Determine appropriate terms and conditions and consider risk‑sharing acceptances. Manage a growing pipeline of construction submittals. Assist on power‑gen, renewable energy, down/midstream energy and specialty chemical risk accounts. Deliver superior construction underwriting to MRF&C U.S. Corp. Engineering & Energy clients and contribute to overall profitability.
Responsibilities
Produce, underwrite and manage a portfolio of civil, energy and power construction projects, working with retail and wholesale insurance brokers, risk purchasing groups and captives.
Accept Engineering (Power‑Gen & Construction) and Energy allocated business.
Perform the underwriting referral function with colleagues in line with established authority.
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.
Work within the referral audit process, ensuring adherence to risk selection and pricing techniques.
Support, recommend and develop new products and filings to satisfy client needs.
Drive policy‑form enhancements and rating tools while innovating distribution channel choices.
Serve as a support/referral resource to other distribution channels and client groups.
Negotiate and conclude offers, terms, contracts with brokers/clients and submit counter proposals when feasible.
Analyze and evaluate distribution of limits, attachment points and layers for Engineering & Energy business to maximize profitability.
Track and monitor loss development for the construction portfolio, keeping current on industry loss trends and working with the Claims department as needed.
Marketing
Establish and maintain sound contact with clients and stay abreast of market developments.
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.
Seminars and Media
Participate as speaker and/or trainer in construction‑related industry seminars/workshops.
Devise, organize and assist in successful delivery of MRF&C Property Engineering & Energy technical seminars.
Contribute to technical journals.
Participation on Technical Market Committees
Represent the team on technical insurance market committees, providing technical input and sourcing key market knowledge.
Assist the Manager, Property Engineering & Energy in fulfilling managerial and administrative duties of the MRF&C U.S. Corporate Engineering & Energy.
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.
Strong computer skills.
Excellent verbal/written, language and communication skills.
Ability to travel nationally and internationally.
Management/leadership skills.
Location & Compensation Locations: Princeton (NJ), New York City (NY), Chicago (IL), Houston (TX), San Francisco (CA), Atlanta (GA).
Base salary range: $174,200 – $290,300 plus opportunity for company bonus based upon a percentage of eligible pay. The offer will be adjusted by geography.
Benefits
Health insurance (PPO or High Deductible).
Prescription drug coverage.
Vision and dental insurance.
Basic life insurance equal to 1x annual salary and AD& D coverage equal to 1x annual salary.
Short and long‑term disability coverage.
Supplemental life and AD& D plans for yourself and dependents.
Voluntary benefit plans (accident, critical illness, hospital indemnity).
Robust 401(k) plan with up to 5% employer match.
Retirement savings plan 100% company funded.
Paid time off: 24 days yearly, increasing with service milestones.
Eligible yearly bonus.
Health and wellness programs at no cost.
Paid time off for family care needs.
Tuition assistance and educational achievement bonuses.
Corporate matching gifts program.
Paid time off to volunteer.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Finance
Industries Insurance
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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The Company Munich Re is the world’s preeminent insurance and reinsurance brand, offering financial strength and stability. Our risk experts assemble the right mix of products and services to help clients stay competitive, from traditional reinsurance coverages to niche and specialty products; Munich Re Facultative and Corporate (MR F&C) bundles Munich Re’s facultative and corporate business into one global unit.
The Opportunity The Engineering & Energy business units provide custom‑made insurance solutions to the power, energy and construction industries. We are looking for a qualified Construction underwriter to manage and underwrite 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 assess construction risks underwritten in the Munich Re Facultative & Corporate Property (MRF&C) U.S. Corporate Engineering & Energy Division of Munich Re. Determine appropriate terms and conditions and consider risk‑sharing acceptances. Manage a growing pipeline of construction submittals. Assist on power‑gen, renewable energy, down/midstream energy and specialty chemical risk accounts. Deliver superior construction underwriting to MRF&C U.S. Corp. Engineering & Energy clients and contribute to overall profitability.
Responsibilities
Produce, underwrite and manage a portfolio of civil, energy and power construction projects, working with retail and wholesale insurance brokers, risk purchasing groups and captives.
Accept Engineering (Power‑Gen & Construction) and Energy allocated business.
Perform the underwriting referral function with colleagues in line with established authority.
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.
Work within the referral audit process, ensuring adherence to risk selection and pricing techniques.
Support, recommend and develop new products and filings to satisfy client needs.
Drive policy‑form enhancements and rating tools while innovating distribution channel choices.
Serve as a support/referral resource to other distribution channels and client groups.
Negotiate and conclude offers, terms, contracts with brokers/clients and submit counter proposals when feasible.
Analyze and evaluate distribution of limits, attachment points and layers for Engineering & Energy business to maximize profitability.
Track and monitor loss development for the construction portfolio, keeping current on industry loss trends and working with the Claims department as needed.
Marketing
Establish and maintain sound contact with clients and stay abreast of market developments.
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.
Seminars and Media
Participate as speaker and/or trainer in construction‑related industry seminars/workshops.
Devise, organize and assist in successful delivery of MRF&C Property Engineering & Energy technical seminars.
Contribute to technical journals.
Participation on Technical Market Committees
Represent the team on technical insurance market committees, providing technical input and sourcing key market knowledge.
Assist the Manager, Property Engineering & Energy in fulfilling managerial and administrative duties of the MRF&C U.S. Corporate Engineering & Energy.
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.
Strong computer skills.
Excellent verbal/written, language and communication skills.
Ability to travel nationally and internationally.
Management/leadership skills.
Location & Compensation Locations: Princeton (NJ), New York City (NY), Chicago (IL), Houston (TX), San Francisco (CA), Atlanta (GA).
Base salary range: $174,200 – $290,300 plus opportunity for company bonus based upon a percentage of eligible pay. The offer will be adjusted by geography.
Benefits
Health insurance (PPO or High Deductible).
Prescription drug coverage.
Vision and dental insurance.
Basic life insurance equal to 1x annual salary and AD& D coverage equal to 1x annual salary.
Short and long‑term disability coverage.
Supplemental life and AD& D plans for yourself and dependents.
Voluntary benefit plans (accident, critical illness, hospital indemnity).
Robust 401(k) plan with up to 5% employer match.
Retirement savings plan 100% company funded.
Paid time off: 24 days yearly, increasing with service milestones.
Eligible yearly bonus.
Health and wellness programs at no cost.
Paid time off for family care needs.
Tuition assistance and educational achievement bonuses.
Corporate matching gifts program.
Paid time off to volunteer.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Finance
Industries Insurance
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
#J-18808-Ljbffr