Public Entity Underwriter

About the Position

Public Entity Underwriter

Location: Chicago, United States

Job type: Full-Time

Work mode: Hybrid

Job level: Professional

Job ID: 13882

Company: Munich Re Specialty - North America

Employment type: Regular

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The Opportunity

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.

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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.

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Underwriting Responsibilities

In this role, you will:

• Underwrite in accordance with division guidelines and philosophy.
• Develop and maintain strong, professional relationships with appropriate contacts at existing and prospective client and production sources.
• Respond to and find solutions to client business needs with underwriter(s) and management distinguishing Munich Re Specialty - North America’s business and products from competitors.
• Assist management in the development of new or potential business clients.
• Become proficient in the handling of larger, more complex accounts.
• Research and communicate to personnel matters relating to Public Entity Risk Solutions (PERS) issues.
• Exhibit a high degree of market awareness and provide consistent input to management on market activities.
• Possess a clear understanding of our underwriting and pricing guidelines to ensure appropriate risk-reward decision-making.
• Maintain an in-depth knowledge of all tools and models used in the underwriting process.
• Maintain compliance with Corporate and Divisional underwriting guidelines.
• Be a team player in support of all PERS and Munich Re Specialty - North America objectives.

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Qualifications

Successful candidates will possess the following experience/skills/qualifications:

• Experienced underwriter with deep industry knowledge
• 7+ years of experience in insurance, broker community, underwriting and/or corporate risk market.
• Relationship selling skills
• Creativity and flexibility
• Effective Time Management and organizational skills
• Superior communication skills, written and verbal
• Excellent computer skills

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We Offer

• Base salary range: $138,400 - $230,700, plus opportunity for company bonus based upon a percentage of eligible pay.
• Benefits:
  • Health insurance coverage (PPO or High Deductible)
  • Prescription drug coverage
  • Vision and dental insurance plans
  • Additional insurance coverages provided at no cost (basic life insurance, AD&D coverage, Short and Long Term Disability coverage, Supplemental Life and AD&D plans)
  • Voluntary Benefit plans (Accident, Critical Illness, and Hospital Indemnity)
  • A robust 401k plan with up to a 5% employer match
  • Retirement savings plan that is 100% company funded
  • Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
  • Eligibility to receive a yearly bonus as a Munich Re employee
  • A variety of health and wellness programs provided at no cost
  • Paid time off for eligible family care needs
  • Tuition assistance and educational achievement bonuses
  • A corporate matching gifts program
  • Paid time off to volunteer in your community

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About the Company

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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