E&S Healthcare Underwriting Manager

Location
New York , United States

Your job

E&S Healthcare Underwriting Manager

We will consider candidates to work in: New York, Chicago, Philadelphia or Atlanta.

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 reinsurance and/or relevant insurance experience for this role and the offer will be commensurate with that.

The Company

Within Munich Reinsurance America, Inc., Munich Re Specialty Insurance (MRSI) brings together a number of existing primary insurance businesses focused on MGA/program business and binding authority/brokerage as well as larger single-risks. MRSI, which also includes a start-up Excess & Surplus (E&S) unit, will create a lean and agile commercial insurance operation that is simple, customer-focused and digitally-enabled to address the complex needs of our customers and help them adapt to a changing market.

Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.

The Opportunity
Future focused and always one step ahead.

Responsibilities:

• Lead, motivate and coordinate an Underwriting Team
• Drive the distribution strategy by cultivating new and existing broker relationships that includes development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals.
• Develop and execute the Underwriting strategy and appetite
• Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement
• Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines and admitted business that meets profitability and growth targets. Operate within granted authority and make referrals to underwriting leadership as appropriate.
• Development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals. Coordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.
• Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement.
• Cultivate and maintain professional wholesale and retail broker relationships.
• Assistance in day to day operations and projects as assigned which could have client, business group, divisional and corporate impact.
• Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc.
• Maintaining Underwriting governance across the team

The Company is open to considering candidates in numerous locations, including NYC. The salary range posted below applies to the Company’s NYC location.

The base salary range anticipated for this position is $182,900 - $268,200, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

Your profile

Successful candidates will be possess the following skills/capabilities:

• Excellent underwriting, marketing and analytical skills that have been developed in 10+ years of experience
• Strong ability to lead, manage and effectively influence peers.
• Advanced working knowledge PL products and insurance concepts, UW processes and procedures, laws and regulations, terminology, concepts and principles related to strategic planning, and other relevant industry trends
• Successful track record of developing and maintaining strong relationships with retail and wholesale brokers
• Tech savviness and a willingness to experiment with and learn new technologies
• Ability to think strategically and function tactically
• Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions
• Ability to present and negotiate complex agreements with brokers
• Effective time management and organizational skills
• Willingness to travel 20%-30%

At Munich Re US, we see Diversity 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.

About us

Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.

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 you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.