Underwriting Operations Analyst

1 day ago

Princeton NJ United States Kalepa Insurance Services, LLC Full time
Underwriting Operations Analyst

Company
Munich Re America
Location
Princeton, United States

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.

The Company

Munich Re US (MR US) offers 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.

We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients’ needs, creating opportunities to achieve sustained profitable growth.

The Opportunity

This Underwriting Operations Analyst is focused on implementing initiatives that drive strategic priorities, improve processes, and research and address issues as they arise across all MRUS functions. This role will be responsible for providing high-level support of technical systems, workflows, and platforms. Duties will include providing technical underwriting support, internal processing, and research assistance on complex submissions, technical and analytical expertise, as well as providing Underwriters with required reports and analysis.

Responsibilities

  1. Underwriting Analysis
    • Provide high level support of technical underwriting, internal process and research support on complex submissions.
    • Work with underwriters to ensure all assumptions are properly coded. Partner regularly with Underwriters to discuss status of new and renewal opportunities in order to ensure that the processing systems reflect the latest terms.
    • Review the limits, deductibles and input terms and conditions into global and local systems.
    • Perform quality control of system entries to ensure accurate financials and mitigate any resulting financial impacts.
  2. Project Management
    • Participate on global or local projects that impacts the business unit or division.
    • Provide assistance to the Operations Manager and Team Lead with special projects that will better enhance our system, processes and procedures within the organization.
  3. Process Management
    • Problem-solve issues raised by Underwriters, Accounting, Claims, and Contracts regarding business processes, transaction processing, and discrepancies.
  4. Business Systems/Platform Administration
    • Test and communicate roll-out upgrades and enhancements, verifying and communicating system downtimes.
    • Train new or less experienced employees and provide training on how to access and use global systems and databases in order to assist the production units in the underwriting process.
    • Recommend process improvements, tool enhancements, testing of system and process changes.

Qualifications

  • 5+ years’ in an analytic function such as underwriting, accounting, or statistical disciplines with emphasis on insurance, business, STEM, or accounting preferred.
  • Basic knowledge of primary and/or reinsurance underwriting process and coverages.
  • Strong with Microsoft Office software (Outlook, Word, Excel, Power BI).
  • Reporting experience preferred; programming experience a plus.
  • Attention to detail.
  • Strong ability to multi-task, organize and prioritize responsibilities to meet individual and team deadlines.
  • Excellent interpersonal skills including verbal and written communication. Self-starter, requiring minimal oversight.

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.

Apply now

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