Fac Cert Property Underwriter

Join to apply for the Fac Cert Property Underwriter role at Munich Re. 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. 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. With this opportunity, you will underwrite, price, and support a portfolio of new and renewal property facultative reinsurance business in accordance with Munich Re F&C guidelines, strategies, and profitability standards. Facultative Underwriters are responsible for risk analysis and assessment, coverage evaluation, pricing and marketing to assigned brokers and clients. This position will lead or assist in certificate and program negotiations in order to maintain and develop a profitable facultative reinsurance portfolio. Responsibilities Independently and profitably, underwrite and price property facultative reinsurance business in accordance with corporate and divisional guidelines. Underwrite new and renewal certificate and program business in accordance with underwriting authority, including all tasks associated with information and data gathering, data manipulation, risk and coverage analysis, pricing, and deal negotiations. Develop and maintain strong market presence by developing client and broker strategies. Demonstrate advanced proficiency in the use of pricing models and other risk evaluation models. Review primary policy, contract and endorsement wording and ensure accuracy and conformance with guidelines. Independently negotiate reinsurance certificate and program contracts with clients and brokers. Lead underwriting audits of clients in order to provide credible evaluations of the quality of our clients’ property books of business when necessary. Provide responsive service on all broker and client requests. Conduct peer reviews of team members’ accounts. Demonstrate and maintain enhanced technical product and underwriting expertise with respect to primary insurance market and products. Work collaboratively with colleagues in other functional areas and across the group, share knowledge by participating in line of business monitoring and product development activities. Lead projects related to the development and implementation of underwriting strategy for property lines. Qualifications 7+ years of primary insurance and / or reinsurance experience 5+ years of underwriting experience preferred Bachelor’s Degree preferred, advanced degree a plus. Bachelor’s degree with background in Business, Actuarial Science, Mathematics, Economics or related field and / or equivalent work experience. Advanced degree a plus, CPCU, ARe designations preferred. Understanding and application of pricing methods, models and concepts. High degree of intellectual curiosity combined with critical thinking skills, analytical problem solving abilities, and strong intuition to flexibly seek new ways to approach underwriting / pricing methodologies. Strong ability to interact effectively with clients, brokers, and colleagues. Excellent written and oral communication skills. Ability to think creatively, balance workloads, and provide significant contributions in the handling of multiple cross-divisional projects. Strong desire to grow and develop as a professional. Excellent computer skills (MS Office suite with an emphasis on Excel). Expected travel – up to 25%. Team player with an ability to interact with varying personality types. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. #J-18808-Ljbffr