Portfolio Underwriter Sr

Munich Re; Hartford (CT); On-site; USD 85,000 - 120,000; Full time

Job summary

Munich Re is seeking a Senior Portfolio Underwriter to manage and optimize portfolio products for critical client relationships. This role involves introducing new products and analyzing performance metrics to achieve profit and growth objectives.

The ideal candidate will have extensive experience in P&C insurance and a proven track record in underwriting and achieving growth targets. Strong analytical and negotiation skills are essential, as well as the ability to deliver compelling presentations to clients.

Qualifications

• 7+ years of P&C insurance/reinsurance experience.
• 5+ years in Underwriting preferred.
• Understanding of commercial and personal lines insurance.
• Experience in achieving profit and growth targets.
• Strong analytical skills to interpret large datasets.

Responsibilities

• Manage, monitor, expand, and optimize portfolio products.
• Introduce new products and manage existing client performance.
• Use creative data analysis for product performance optimization.
• Make crucial underwriting decisions impacting the portfolio.
• Deliver compelling client presentations on various analyses.

Skills

Financial Statement knowledge

General insurance/reinsurance knowledge

Presentation Skills

Strong verbal communication skills

Portfolio analysis

Consultative negotiation skills

Project management skills

Excel

PowerPoint

Detail Oriented

Education

Bachelor's degree or equivalent work experience

Tools

Power BI

Word

Job description

The Senior Portfolio Underwriter at HSB holds the paramount responsibility for managing, monitoring, expanding, and optimizing the portfolio products for the company’s largest and most critical client company relationships. This role is central to achieving profit and growth objectives and is a cornerstone of HSB's strategic initiative to foster business growth. It involves acting as a catalyst in the introduction of new products and managing the performance of existing client companies.

As a thought leader for clients, the Senior Portfolio Underwriter is tasked with devising innovative solutions by tapping into HSB’s comprehensive resources, encompassing data, products, and services. The role demands a tactical deployment of HSB’s capabilities to maximize and enhance client partnerships.

In collaboration with Product Managers and the Underwriting Lead, the Senior Portfolio Underwriter utilizes creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance. These analytical techniques are essential for developing targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends. This responsibility includes a thorough examination of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.

The Senior Portfolio Underwriter is also responsible for crafting and delivering compelling client presentations externally. These presentations are designed to effectively communicate financial results, data analyses, rate assessments, and evolving loss trends, positioning the Senior Portfolio Underwriter as the technical authority for both clients and the Client Integration Team.

With underwriting binding authority, the Senior Portfolio Underwriter independently makes crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, thereby impacting the company’s P&L.

Education and Experience:

• Bachelor's or equivalent work experience is required
• 7+ years of P&C insurance/reinsurance experience
• 5+ years in Underwriting preferred
• Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
• Demonstrated ability to translate large data analysis into actionable decisions
• Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
• Past experience with responsibility for achieving profit and growth targets for a book/a business
• Demonstrated experience with negotiation and conflict resolution
• Exhibited ability to develop creative and unique solutions
• HSB Product knowledge and previous experience and familiarity with HSB is desired

Knowledge and Skills:

• Financial Statement (Business Finance) knowledge and analysis
• General insurance/reinsurance industry knowledge
• Presentation Skills
• Strong interpersonal, written and verbal communication skills
• Portfolio analysis
• HSB Product knowledge
• Organization and time management skills
• Consultative and Strategic negotiation skills
• Strong project management skills to manage multiple concurrent projects and issues.
• PC skills (Excel, PowerPoint, Power BI, and Word)
• Detail Oriented
• Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change
• Naturally curious and inquisitive to identify issues and solve problems. Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues

At The Hartford Steam Boiler, a subsidiary of Munich Re, 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.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.