Underwriting Analyst #5436

2 weeks ago

Philadelphia, Pennsylvania, United States Munich Re Full time
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

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

The Opportunity

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.

Key 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
Job Requirements:
  • 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.

#LI-JR1

  • Underwriting Analyst

    4 weeks ago

    Philadelphia, Pennsylvania, United States Munich Re Full time

    Underwriting AnalystWe 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 CompanyMunich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through...

  • Sr. Client Implementation Analyst

    4 weeks ago

    Philadelphia, United States Independence Blue Cross Full time

    Our organization is looking for dynamic individuals who love to learn, thrive on innovation, and are open to exploring new ways to achieve our goals. If this describes you, we want to speak with you. You can help us achieve our vision to lead nationally in innovating equitable whole-person health. The Sr. Client Implementation Setup Analyst is responsible...

  • Lead Client Implementation Analyst

    2 weeks ago

    Philadelphia, United States Blue Cross and Blue Shield Association Full time

    Our organization is looking for dynamic individuals who love to learn, thrive on innovation, and are open to exploring new ways to achieve our goals. If this describes you, we want to speak with you. You can help us achieve our vision to lead nationally in innovating equitable whole-person health. The role of the Lead Client Implementation Analyst is...

  • Lead Client Implementation Analyst

    6 days ago

    Philadelphia, United States Independence Blue Cross Full time

    Our organization is looking for dynamic individuals who love to learn, thrive on innovation, and are open to exploring new ways to achieve our goals. If this describes you, we want to speak with you. You can help us achieve our vision to lead nationally in innovating equitable whole-person health. The role of the Lead Client Implementation Analyst is...

  • Data Warehouse Business Analyst

    5 hours ago

    Philadelphia, United States IntePros Full time

    Business System Analyst OverviewThe Senior Business Systems Analyst determines business requirements by working with business clients and recommends appropriate business system applicationsRecommends systems criteria and project scopeIdentifies potential problems, performs analysis and implements system enhancements, modifications and upgradesPlans and...

  • Data Warehouse Business Analyst

    18 hours ago

    Philadelphia, United States IntePros Full time

    Business System Analyst OverviewThe Senior Business Systems Analyst determines business requirements by working with business clients and recommends appropriate business system applicationsRecommends systems criteria and project scopeIdentifies potential problems, performs analysis and implements system enhancements, modifications and upgradesPlans and...

  • Classification Manager

    1 week ago

    Philadelphia, United States PA Compensation Rating Bureau. Full time

    Job DescriptionJob DescriptionJob Summary:The Classification Manager works under the supervision of the Director Classification & Underwriting and is responsible for planning, coordinating and directing the activities of the Classification Department. Essential (Primary) Responsibilities:Assign and distribute all Departmental work, including mailReview file...

  • Credit Manager

    4 weeks ago

    Philadelphia, United States Equipment Finance Company Full time

    Our client, a multi national Equipment Finance company seeks a Credit Manager: Must have Equipment Finance experience!ESSENTIAL DUTIES & RESPONSIBILITIES:Analyze credit and financial data of persons and/or companies applying for creditDetermine transactional risk and present formal recommendations to managementWork closely with Sales to manage and develop...

  • Credit Manager

    4 weeks ago

    Philadelphia, United States Equipment Finance Company Full time

    Our client, a multi national Equipment Finance company seeks a Credit Manager: Must have Equipment Finance experience!ESSENTIAL DUTIES & RESPONSIBILITIES:Analyze credit and financial data of persons and/or companies applying for creditDetermine transactional risk and present formal recommendations to managementWork closely with Sales to manage and develop...

  • Crime Product Line Manager

    3 weeks ago

    Philadelphia, PA, United States Starr Companies Full time

    Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we...