Underwriting Analyst #9235

Company



Munich Re Specialty - North America



Location



Philadelphia
, United States

Underwriting Analyst

We are 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.

The Company

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

As an Underwriting Analyst you will assist underwriters by providing the initial risk assessment support for new and renewal business. You will also be responsible for delivering timely and accurate risk clearance, account setup, rating, technical underwriting support, policy issuance, and post issuance service for moderate to complex accounts.

Duties will include, but aren't limited to supporting insurance products; reviewing account coverages, losses, and additional data supporting underwriting decisions; collecting and reconciling account level data and accurately and efficiently develop pricing models Property accounts.

Consistent and effective communication to external (brokers/agencies) and internal (underwriters/actuaries, etc.) is essential for successful Underwriting Analysts.

Responsibilities

In this position you will:

• Support new and renewal underwriting tasks for Property business units by organizing submission information; completing risk clearance, pricing, quoting and binding support to underwriters
• Review, analyze and input financial and statistical information in appropriate system(s) to provide timely and accurate quote (pricing), policy, endorsement and additional required documentation
• Interpret data and set up account in appropriate system(s) ensuring accuracy, often working directly with the account underwriter and/or actuarial team members
• Support policy binding, issuance and service requirements
• High interaction and coordination with broker agents and internal team members to support underwriting decisions and to obtain and provide information as needed.
• Recommend process improvements, tool enhancements, testing of system and process changes
• Act as a mentor and/or coach to Underwriting Assistants and peers as necessary
• Perform quality control checks to ensure data accuracy and maximize the integrity, quality and usability of information
• Assist team members with and support projects as-needed/assigned

Qualifications

• College degree with emphasis on insurance, business or accounting preferred
• 3+ years insurance company experience with emphasis on analytic functions in underwriting support, and/or accounting preferred
• 3+ years' experience supporting/working within a high volume Property business unit
• Position requires mid to expert level knowledge of pricing models, insurance policies for within a Property business unit
• Intermediate to expert level computer skills - Microsoft Excel (highly important), Word, PowerPoint, SharePoint, and Outlook
• Bachelor's degree (or equivalent work experience) in related field

Ideal candidates will possess the following skills and capabilities:

• Has a proactive and passionate service approach with ability to take ownership and drive issues to resolution
• Is highly adaptive and able to work effectively in ambiguous and changing environments
• Is able to work quickly and with minimal direct oversight
• Demonstrates the ability to manage competing priorities within a team first, solutions oriented culture
• Excellent interpersonal, verbal and written communication skills.
• Actively listens to others to ensure understanding of issues.
• Dedicated to meeting the expectations and requirements of internal and external customers.
• High learning agility; proven track record of learning new duties quickly and understanding implications of system input, decisions, etc.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all 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 strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

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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