Münchener Rückversicherungs-Gesellschaft
Property Engineering Energy Underwriter - Construction
Münchener Rückversicherungs-Gesellschaft, New York, New York, us, 10261
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. Munich Re Facultative and Corporate (MR F&C) was created to bundle Munich Re’s facultative and corporate business into one global unit. We believe that by aligning our single risk business in one unified team we will better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners.
The Opportunity Future focused and always one step ahead
The Engineering & Energy business units of Munich Re F&C (Facultative & Corporate) provides custom-made insurance solutions to the power, energy and construction industries. The team is a recognized market leader in these classes of business. For the Munich Re F&C (MRF&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 one of the following office locations: New York, Chicago, Houston, San Francisco, or Atlanta.
Responsibilities
Produce, underwrite and manage a portfolio which contains a variety of civil, energy and power construction projects per risk appetite through contacts with retail and wholesale insurance Brokers, Risk Purchasing Groups and Captivesli>
Underwriter charged with the responsibility for accepting Engineering (Power-Gen & Construction) and Energy allocated business.
Perform the underwriting referral function as needed with colleagues and peers in line with established authority for Engineering and Energy business, as specified and as required in the underwriting guidelines and mandates.
Implement use of pricing and layering models of the MRF&C Energy and the Munich Re rating and drive 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 by using depth of underwriting background/experience for program development.
Drive policy form enhancements and rating tools as well as being innovative with respect to distribution channel choices.
Be a support/referral resource to other distribution channels and client groups, providing construction underwriting expertise and input.
Negotiate and conclude the offers, terms of contract with brokers/clients and, when necessary and feasible, submit counter proposals.
Analyze and evaluate our distribution of limits, attachment points and layers for Engineering & Energy business to maximize profitability potential.
Relative to losses: track and monitor loss development for construction the Construction portfolio including keeping current on industry loss trends and work with the Claims department as needed.
Marketing
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.
Seminars and Media
Participate in appropriate Construction related industry seminars/workshops as a speaker and/or trainer.
Devise, organize and assist in successful delivery of MRF&C Property Engineering & Energy technical seminars.
Contribute to technical journals.
Participation on Technical Market Committees
Ensure appropriate representation on technical insurance market committees, so providing technical input as well as sourcing key market knowledge.
Assist the Manager, Property Engineering & Energy aka Energy, Power & Construction as and when required in fulfilling all managerial and administrative duties of the MRF&C U.S. Corporate Engineering & Energy.
Qualifications
Bachelor’s Degree with preference in a technical field i.e. Engineering
10+ years practical industry experience preferred.
Knowledge of internal processing procedures and systems would be highly beneficial.
Negotiation and relationship marketing skills.
Strong computer skills
Excellent verbal/written, language and communication skills
Ability to travel nationally and internationally.
Management/leadership skills.
Benefits
Two options for your health insurance plan (PPO or High Deductible).
Prescription drug coverage.
Vision and dental insurance plans.
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.
Voluntary Benefit plans (Accident, Critical Illness and Hospital Indemnity).
Robust 401(k) plan with up to a 5% employer match.
Retirement savings plan 100% company funded.
Paid time off starting at 24 days each year, increasing with tenure.
Yearly bonus eligibility.
Health and wellness programs at no cost.
Paid time off for family care needs.
Tuition assistance and educational achievement bonuses.
Corporate matching gifts program.
Volunteer paid time off.
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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. Munich Re Facultative and Corporate (MR F&C) was created to bundle Munich Re’s facultative and corporate business into one global unit. We believe that by aligning our single risk business in one unified team we will better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners.
The Opportunity Future focused and always one step ahead
The Engineering & Energy business units of Munich Re F&C (Facultative & Corporate) provides custom-made insurance solutions to the power, energy and construction industries. The team is a recognized market leader in these classes of business. For the Munich Re F&C (MRF&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 one of the following office locations: New York, Chicago, Houston, San Francisco, or Atlanta.
Responsibilities
Produce, underwrite and manage a portfolio which contains a variety of civil, energy and power construction projects per risk appetite through contacts with retail and wholesale insurance Brokers, Risk Purchasing Groups and Captivesli>
Underwriter charged with the responsibility for accepting Engineering (Power-Gen & Construction) and Energy allocated business.
Perform the underwriting referral function as needed with colleagues and peers in line with established authority for Engineering and Energy business, as specified and as required in the underwriting guidelines and mandates.
Implement use of pricing and layering models of the MRF&C Energy and the Munich Re rating and drive 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 by using depth of underwriting background/experience for program development.
Drive policy form enhancements and rating tools as well as being innovative with respect to distribution channel choices.
Be a support/referral resource to other distribution channels and client groups, providing construction underwriting expertise and input.
Negotiate and conclude the offers, terms of contract with brokers/clients and, when necessary and feasible, submit counter proposals.
Analyze and evaluate our distribution of limits, attachment points and layers for Engineering & Energy business to maximize profitability potential.
Relative to losses: track and monitor loss development for construction the Construction portfolio including keeping current on industry loss trends and work with the Claims department as needed.
Marketing
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.
Seminars and Media
Participate in appropriate Construction related industry seminars/workshops as a speaker and/or trainer.
Devise, organize and assist in successful delivery of MRF&C Property Engineering & Energy technical seminars.
Contribute to technical journals.
Participation on Technical Market Committees
Ensure appropriate representation on technical insurance market committees, so providing technical input as well as sourcing key market knowledge.
Assist the Manager, Property Engineering & Energy aka Energy, Power & Construction as and when required in fulfilling all managerial and administrative duties of the MRF&C U.S. Corporate Engineering & Energy.
Qualifications
Bachelor’s Degree with preference in a technical field i.e. Engineering
10+ years practical industry experience preferred.
Knowledge of internal processing procedures and systems would be highly beneficial.
Negotiation and relationship marketing skills.
Strong computer skills
Excellent verbal/written, language and communication skills
Ability to travel nationally and internationally.
Management/leadership skills.
Benefits
Two options for your health insurance plan (PPO or High Deductible).
Prescription drug coverage.
Vision and dental insurance plans.
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.
Voluntary Benefit plans (Accident, Critical Illness and Hospital Indemnity).
Robust 401(k) plan with up to a 5% employer match.
Retirement savings plan 100% company funded.
Paid time off starting at 24 days each year, increasing with tenure.
Yearly bonus eligibility.
Health and wellness programs at no cost.
Paid time off for family care needs.
Tuition assistance and educational achievement bonuses.
Corporate matching gifts program.
Volunteer paid time off.
#J-18808-Ljbffr