ERGO NA Senior Portfolio Account Manager

Munich Re; New York (NY); On-site; USD 141,000 - 227,000; Full time

Job summary

Munich Re seeks a Senior Portfolio Account Manager to serve as the primary liaison between ERGO’s commercial accounts and underwriting teams. This role involves managing accounts, overseeing P&L, and fostering strong stakeholder relationships. Candidates should have at least 7 years of experience in US P&C, focusing on small commercial lines, and a degree in mathematics or economics.

Benefits

Health insurance

Wellness programs

401k matching

Paid time off

Qualifications

• At least 7 years of experience in US P&C, focusing on small commercial lines.
• Willingness to travel within the US and occasionally abroad.

Responsibilities

• Serve as the main contact for ERGO NA within the CUO division.
• Manage accounts and associated risks.
• Conduct management dialogues to set and monitor targets.

Skills

Intercultural skills

Strategic underwriting projects

Knowledge in Pricing

Knowledge in Underwriting

Knowledge in Claims

Knowledge in Reinsurance

Education

Degree in mathematics, economics, or equivalent insurance training

Job description

The preferred location for this role is New York City, NY, but we are open to Philadelphia, PA, and Princeton, NJ.

We are expanding our diverse team of experts and seek individuals committed to fostering a culture of innovation for our business units and clients.

The Company

As the world’s leading reinsurance company with 40,000 employees across over 50 locations globally, Munich Re is redefining insurance by turning uncertainty into manageable risk. We tackle issues like climate change, major construction, medical risk, and space travel. Join us to work on impactful topics and be part of a culture that encourages big thinking, innovation, and creating new solutions for our clients.

This new North American function will be overseen jointly by Munich Re America Services and ERGO.

About Munich Re America Services (MRAS)

MRAS is a shared service organization supporting Munich Re’s US P&C Companies and other group entities, providing financial strength and stability. Our risk experts craft tailored products and services—from traditional reinsurance to niche and specialty offerings.

About ERGO

ERGO, a major European insurance group, operates in over 20 countries, focusing on core markets in Europe and Asia. Recently, with the acquisition of Next Insurance, ERGO is entering the North American insurance market for the first time.

The Opportunity

The ERGO NA Senior Portfolio Account Manager reports directly to the Head of ERGO NA Underwriting. This role is vital as the primary liaison between ERGO’s commercial accounts and the underwriting teams, fostering strong stakeholder relationships and ensuring business success and profitability.

Key qualities include being future-focused and proactive.

Responsibilities include:

1. Serve as the main contact for ERGO NA within the CUO division.
2. Manage accounts and associated risks.
3. Conduct management dialogues to set and monitor targets, identify deviations, and define corrective actions.
4. Oversee P&L by collaborating with claims, actuarial, and data teams.
5. Coordinate with GSI, ERGO Global P&C, and other group functions.
6. Support underwriting guidelines, training, audits, and due diligence.
7. Implement CUO-Governance using global standards and methodologies.
8. Participate in planning and monitoring activities.
9. Prepare for and follow up on Board meetings with thorough documentation.

Qualifications include:

• At least 7 years of experience in US P&C, focusing on small commercial lines.
• Knowledge in Pricing, UW, Claims, and Reinsurance preferred.
• Proven ability in strategic UW projects.
• Intercultural skills and success in multinational environments.
• Willingness to travel within the US and occasionally abroad.
• Degree in mathematics, economics, or equivalent insurance training.

Additional Details

The company is open to candidates in NYC, Princeton, and Philadelphia. The salary range reflects market variations, with the higher end aligned with NYC. The anticipated base salary is $141,800 to $226,100, plus potential bonuses and benefits such as health insurance, wellness programs, 401k matching, and paid time off.

Our commitment to Diversity, Equity, and Inclusion aims to create a respectful, valued, and empowered workforce that mirrors our communities. We are an equal opportunity employer, providing accommodations for individuals with disabilities.