Underwriting Analyst - 14513

Munich Re Specialty - North America; Princeton (NJ); On-site; USD 70,000 - 107,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid time off (PTO)

Annual bonus eligibility

Tuition assistance

Job summary

Munich Re Specialty - North America is seeking a detail-oriented Underwriting Support professional to assist our Casualty units with submission intake, pricing, quoting, binding, and policy issuance. You will help ensure data accuracy and timely service.

You will collaborate with underwriters, actuarial teams, brokers and internal stakeholders, perform quality checks, mentor junior staff, and contribute to process improvements.

Qualifications

• Bachelor’s degree (or equivalent) in a related field.
• 3+ years in insurance underwriting support with analytic focus.
• Able to work in a fast-paced, client-centric environment.
• Excellent customer service skills and knowledge of insurance policies.
• Office suite skills: Excel, Word, SharePoint and Outlook.

Responsibilities

• Support new and renewal underwriting tasks for Casualty units—pricing, quotes, and binding.
• Review, analyze, and input financial and statistical information for quotes, policies, endorsements, and reinsurance.
• Set up accounts in systems and ensure accuracy with underwriters/actuarial team members.
• Support policy and reinsurance binding, issuance, and service needs.
• Coordinate with brokers and internal teams to inform underwriting decisions.
• Suggest process improvements and tool enhancements.
• Mentor Underwriting Assistants and peers as needed.
• Perform data quality checks to ensure data integrity.
• Assist team members with projects.

Skills

Analytical thinking

Customer service

Attention to detail

Education

Bachelor’s degree (or equivalent work experience) in related field

Tools

Microsoft Excel

Microsoft Word

SharePoint

Outlook

Job description

Applicants, including applicants holding a valid CPT/OPT visa, who will require employer sponsorship of a visa now or in the future will not be considered for this position.

We are 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.

The Company

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

We are seeking a detail-oriented Underwriting support professional to assist our Casualty business units with new and renewal underwriting activities. This role plays a critical part in the underwriting lifecycle, supporting submission intake, pricing, quoting, binding, and policy issuance while ensuring accuracy and timeliness of data and documentation.

The position requires strong analytical and organizational skills to review financial and statistical information, interpret data, and maintain accounts within underwriting systems. The role partners closely with underwriters, actuarial teams, brokers, and internal stakeholders to facilitate informed underwriting decisions and deliver high-quality service.

In addition to core processing responsibilities, this individual will contribute to process improvements, perform quality control checks to ensure data integrity, and support ongoing projects. The role may also involve mentoring junior team members and fostering collaboration across the underwriting team

Key Responsibilities

• Support new and renewal underwriting tasks for Casualty business units by organizing submission information; pricing, quoting, and binding support to underwriters
• Review, analyze and input financial and statistical information in appropriate system(s) to provide timely and accurate service for quotes (pricing), policy and endorsement issuance, reinsurance booking, and provide additional required documentation
• Interpret data and set up accounts in appropriate system(s) ensuring accuracy, often working directly with the account underwriter and/or actuarial team members
• Support insurance policy and reinsurance contract binding, issuance, and service requirements
• High interaction and coordination with broker agents and internal team members to support underwriting decisions and to obtain and provide information as needed.
• Recommend process improvements, tool enhancements, testing of system and process changes
• Act as a mentor and/or coach to Underwriting Assistants and peers as necessary
• Perform quality control checks to ensure data accuracy and maximize the integrity, quality, and usability of information
• Assist team members with and support projects as needed/assigned

Qualifications

• Bachelor’s degree (or equivalent work experience) in related field
• 3+ years insurance company experience with emphasis on analytic functions in underwriting support
• Ability to work in an often fast-paced, client-centric environment
• Excellent customer service skills and working knowledge of insurance policies
• Intermediate to expert level computer skills – Microsoft Excel (highly important), Word, SharePoint, and Outlook

The Company is open to considering candidates in numerous locations, including Philadelphia (PA), Chicago (IL), and Princeton (NJ). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography. The base salary range anticipated for this position is $70,000 - $107,000, plus 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). The salary estimate is adjusted to reflect the varying market conditions across different locations, with the higher end being more aligned with the Princeton (NJ) market. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&DD coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&DD plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• Paid time off to volunteer in your community.

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.