Property Treaty Underwriter

Munich Re; New York (NY); Hybrid; USD 177,000 - 216,000; Full time

Job summary

Munich Reinsurance America, Inc. in New York, NY is seeking a Property Treaty Underwriter to assess risk and apply pricing guidelines to property reinsurance submissions.

You will follow the underwriting process, maintain guideline adherence, and support portfolio analytics. The role emphasizes communicating with brokers and clients to negotiate appetite and terms, contributing to Line of Business strategies, and managing key accounts with the Head of Underwriting and Team Lead.

Qualifications

• Bachelor’s degree in Economics, Math, or other quantitative field.
• 5+ years of experience as a Property Treaty Underwriter or related (re)insurance underwriting, actuarial, or broking role.
• Experience with statistical and data analysis of insurance information to support underwriting and pricing.

Responsibilities

• Evaluate risk for property reinsurance applications and determine acceptance.
• Follow underwriting processes and adhere to guidelines and pricing integrity.
• Negotiate appetite and terms with brokers and clients in a timely manner.
• Attend audits, broker visits, and industry meetings to support portfolio production.

Skills

Underwriting

Data analysis

Negotiation

Education

Bachelor's degree in Economics/Math

Job description

Company: Munich Reinsurance America, Inc.

Position: Property Treaty Underwriter

Location: New York, New York, United States

Job Type: Full-Time

Salary Range: $ 196,500 to $ 196,500 per year

Duties

Evaluate the risk associated with property reinsurance applications and determine the acceptance of such applications. Efficiently follow the underwriting process and adhere to internal policies/processes, underwriting and pricing integrity, and underwriting best practices. Develop and maintain a clear understanding of underwriting and pricing guidelines. Utilize underwriting, pricing, and portfolio analytics tools to quantitatively assess property reinsurance submissions and support pricing and capacity decisions. Provide insight into the quantitative and qualitative analyses of property reinsurance portfolio results for the business unit, including monitoring account experience and identifying emerging issues. Work with Division management to develop Line of Business (LoB) strategies and peril driven strategies. Maintain underwriting and business development responsibility for key accounts as assigned by the Head of Underwriting and Team Lead as appropriate. Effectively, persuasively, and punctually negotiate appetite and terms with brokers and clients. Attend Underwriting audits, client/broker visits, and conferences in support of the portfolio production. Participate in broker marketing and industry meetings and provide responsive service on broker and client requests.

Requirements

Bachelor’s degree in Economics, Math, or other quantitative field plus 5 years of experience as a Property Treaty Underwriter or related Property & Casualty (re)insurance underwriting, actuarial, or broking role. Prior work experience must include: Performing statistical and data analysis of insurance information to support property reinsurance underwriting and pricing, including the use and interpretation of experience‑based and exposure‑based rating model outputs; Reviewing and evaluating reinsurance contract terms and conditions as part of the underwriting assessment of client submissions; Assessing property risk using qualitative judgment and quantitative underwriting methodologies; Communicating with brokers and clients regarding underwriting appetite, pricing, and contractual terms, including negotiation of price and terms; and, monitoring and/or management of Property & Casualty (re)insurance portfolios to ensure alignment with underwriting guidelines and portfolio objectives. May telecommute but must have ability to report to New York, NY office 3 times per week.

Benefits

Opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).