Senior Casualty Treaty Underwriter

About the Position

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.

Location: New York, United States; Princeton, United States

Job type: Full-Time

Work mode: Hybrid

The Opportunity

The Senior Treaty Casualty Underwriter will underwrite, price and support a portfolio of new and renewal Casualty treaty reinsurance business in accordance with Munich Re US guidelines, strategy and profitability standards. The underwriter is responsible for risk analysis and assessment, coverage evaluation, pricing, and assisting in contract negotiations in order to maintain and develop a profitable portfolio of Casualty assumed reinsurance business.

Responsibilities

• Underwrite, price and support a portfolio of new and renewal General Casualty treaty reinsurance business in accordance with Munich Re US guidelines, strategy and profitability standards.
• Responsible for risk analysis and assessment, coverage evaluation, pricing, and contract negotiations.
• Underwrite and price Casualty treaty reinsurance business independently and supervise junior underwriters.
• Strong understanding of various reinsurance structures and their impact on profitability and volatility estimates.
• Cooperate with management and senior executives when dealing with complex issues, larger clients, accounts, projects, analyses, or internal relationships.
• Underwrite new and renewal treaty business in accordance with delegated underwriting authority.
• Complete underwriting audits of clients and prospects.
• Attend industry conferences, seminars, expert panels, and other marketing events.
• Lead projects related to the development and implementation of underwriting processes and strategies for Casualty lines.
• Develop proficiency in the use of Munich Re pricing models and other risk evaluation tools.
• Function as subject matter expert for the broader Casualty Treaty team.

Requirements

• 15+ years of primary insurance and/or reinsurance company experience.
• Underwriting knowledge of Casualty Treaty and niche classes; including actuarial concepts, industry trends, accounting and legal a plus.
• Experience in primary and/or reinsurance General Liability, Umbrella, Auto, Excess Liability, Professional Liability, or Other specialty underwriting a plus.
• Strong interpersonal and social skills; team player.
• Strong negotiation, oral and written communication skills; Excellent presentation skills.
• Ability to think creatively and show flexibility handling multiple projects.
• Effective time management skills.
• Excellent computer skills; proficiency in MS 365.
• Willingness to travel for audits and client and broker visits (approx. 25% of time).
• CPCU, ARe, FCAS / ACAS designations a plus.
• BS / BA required, advanced degree such as MS/MBA or other quantitative field a plus.

We Offer

• Competitive base salary range: $237,100 - $347,700 plus opportunity for company bonus.
• Comprehensive benefits package including health insurance coverage, employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
• Additional insurance coverages provided at no cost such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents.
• Voluntary Benefit plans that supplement your health and life insurance plans.
• A robust 401k plan with up to a 5% employer match.
• A 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 that further enhances your charitable donation.
• Paid time off to volunteer in your community.

About 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.

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.