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Munich Re America

Regional Contract Surety Manager

Munich Re America, Chicago, Illinois, United States, 60290


Regional Contract Surety ManagerCompany:Munich Re AmericaLocation:Chicago, United States

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

Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs.

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.

The Opportunity

The Underwriter Senior will be responsible for the marketing, underwriting, administration, and overall business development of assigned geographic territory in accordance with the company’s surety business model to meet projected profitability and expense goals. You will serve as lead underwriter for assigned region as front line for the contract surety line of business.

Our value proposition includes embedding significant underwriting authority in the position to create an enhanced, new age customer and broker experience.

Responsibilities:

Develop and execute a strategic business plan to expand our surety portfolio and maintain full P/L responsibility for the region.

Establish and maintain key surety broker relationships in compliance with guidelines for new and renewal surety business.

Develop and underwrite a profitable portfolio, coordinating new/renewal business while exercising proper underwriting pricing and discipline.

Hire, develop and train team members in your region including Sr. Underwriters, Underwriters, Associates, and Trainees.

Collaborate with MRSI surety colleagues to leverage surety capabilities and increase our customer base.

Job Requirements:

Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or related field.

10 years or more of progressive experience working with surety products.

Entrepreneurial skill set, excellent marketing, negotiating and communication skills.

Successful track record of developing and maintaining strong relationships with agents/brokers.

Ability to think strategically and function tactically.

Exceptional communication skills that energize and engage brokers, clients, and colleagues.

Ability to present and negotiate complex agreements with brokers.

Effective time management and organizational skills.

Willingness to travel up to 40%.

This role is being offered in our Chicago, IL office or upper midwest region.

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 are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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Apply now!

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