Munich Re
MRSGNA Associate Underwriter, Ocean Marine
Munich Re, Schaumburg, Illinois, us, 60159
Munich Re Specialty Group North America (MRSG N.A.) is looking for enthusiastic individuals to join us as we grow. As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety risks and customs bonds with in-house claims solutions.
We are seeking a full time Associate Underwriter, Ocean Marine to join the Munich Re Specialty Group Insurance Services division to be a Hybrid employee in our Schaumburg, Illinois office reporting to the VP, Ocean Marine.
Job Profile
Work with US underwriting team on renewal insurance businessManage and evaluate renewal business to ensure risk qualityUse underwriting standards and guidelines to assess risk across assigned business lineRequest peer reviews (internal audits) and refer business out of authority to foster consistent and profitable risk selectionCollaborate with account Lead Underwriter and peers to identify profit and loss trends to drive department profitability goalsMonitor client needs, insurance market developments and economic changes to ensure future planning aligns with long-range business growth goalsManage renewal book of business by accepting or rejecting accounts based on sound underwriting judgement and effective communication with the Lead UnderwriterMeets with agents/brokers and insureds in order to build business partnerships and relationshipsContribute to the enhancement of underwriting tools, platforms, forms, services and standards, including documentation and training for new hiresAssist with the assignment of surveys as requiredAccount servicingJob Requirements
Bachelor's Degree or equivalent combination of education and/or work experience1-3 years of relevant experience preferredUS Ocean and Inland experience, some Marine experience a plusBilingual Spanish/English a plusDemonstrated proficiency in underwriting Ocean Marine and working knowledge of underwriting standardsUnderstanding of laws and regulations governing geography, class of business and industryExperience with EPIC or other insurance management platforms a plusAbility to negotiate to a mutually beneficial and desired outcome (internal and external)Ability to work within a dynamic and growing organizationAbility to travel occasionally within US and assigned region to maintain business partnerships and relationships; reinforce and promote the Munich Re value propositionAbout Us
MRSG N.A. is the holding company for Roanoke Insurance Group (RIG) and Munich Re Specialty Group Insurance Services (SIS) located throughout 7 locations in the United States and Canada with over 250 employees.
SIS provides insurance to retail and wholesale insurance brokers in North America. Specialty lines include ocean and inland marine, cyber, tech E&O, terrorism, active assailant & political violence.
RIG operates as a specialty insurance broker focused on surety, insurance and related offerings for logistics service providers, customs brokers and companies with supply chains.
Benefits
We offer our employees a diverse work environment which champions professional development, innovation and passion; providing employees with a great benefits package. All of our benefits are effective the first day of employment including:
Generous healthcare plansVoluntary dental & vision plans401(k) planFlexible spending plansHealth Savings Accounts (HSA)Paid time offPaid holidaysTuition reimbursementShort/long term disabilityPaid Parental LeaveEmployee Assistance Program (EAP)Employee Wellbeing ProgramCommunity involvementLife insurance
At MRSG N.A., individuality is a key driver for our success and progress. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building an inclusive culture where everyone is welcomed and valued for their authentic selves.
We offer equal opportunity employment regardless of age, sex, race, color, creed, national origin, religion, veteran status, sexual orientation, atypical hereditary traits, marital status, disability, gender identity or expression, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Applicants requiring employer sponsorship of a visa will not be considered for this position.
California applicants, please review our CA Privacy Statement at: https://www.roanokegroup.com/career-opportunities/
We are seeking a full time Associate Underwriter, Ocean Marine to join the Munich Re Specialty Group Insurance Services division to be a Hybrid employee in our Schaumburg, Illinois office reporting to the VP, Ocean Marine.
Job Profile
Work with US underwriting team on renewal insurance businessManage and evaluate renewal business to ensure risk qualityUse underwriting standards and guidelines to assess risk across assigned business lineRequest peer reviews (internal audits) and refer business out of authority to foster consistent and profitable risk selectionCollaborate with account Lead Underwriter and peers to identify profit and loss trends to drive department profitability goalsMonitor client needs, insurance market developments and economic changes to ensure future planning aligns with long-range business growth goalsManage renewal book of business by accepting or rejecting accounts based on sound underwriting judgement and effective communication with the Lead UnderwriterMeets with agents/brokers and insureds in order to build business partnerships and relationshipsContribute to the enhancement of underwriting tools, platforms, forms, services and standards, including documentation and training for new hiresAssist with the assignment of surveys as requiredAccount servicingJob Requirements
Bachelor's Degree or equivalent combination of education and/or work experience1-3 years of relevant experience preferredUS Ocean and Inland experience, some Marine experience a plusBilingual Spanish/English a plusDemonstrated proficiency in underwriting Ocean Marine and working knowledge of underwriting standardsUnderstanding of laws and regulations governing geography, class of business and industryExperience with EPIC or other insurance management platforms a plusAbility to negotiate to a mutually beneficial and desired outcome (internal and external)Ability to work within a dynamic and growing organizationAbility to travel occasionally within US and assigned region to maintain business partnerships and relationships; reinforce and promote the Munich Re value propositionAbout Us
MRSG N.A. is the holding company for Roanoke Insurance Group (RIG) and Munich Re Specialty Group Insurance Services (SIS) located throughout 7 locations in the United States and Canada with over 250 employees.
SIS provides insurance to retail and wholesale insurance brokers in North America. Specialty lines include ocean and inland marine, cyber, tech E&O, terrorism, active assailant & political violence.
RIG operates as a specialty insurance broker focused on surety, insurance and related offerings for logistics service providers, customs brokers and companies with supply chains.
Benefits
We offer our employees a diverse work environment which champions professional development, innovation and passion; providing employees with a great benefits package. All of our benefits are effective the first day of employment including:
Generous healthcare plansVoluntary dental & vision plans401(k) planFlexible spending plansHealth Savings Accounts (HSA)Paid time offPaid holidaysTuition reimbursementShort/long term disabilityPaid Parental LeaveEmployee Assistance Program (EAP)Employee Wellbeing ProgramCommunity involvementLife insurance
At MRSG N.A., individuality is a key driver for our success and progress. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building an inclusive culture where everyone is welcomed and valued for their authentic selves.
We offer equal opportunity employment regardless of age, sex, race, color, creed, national origin, religion, veteran status, sexual orientation, atypical hereditary traits, marital status, disability, gender identity or expression, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Applicants requiring employer sponsorship of a visa will not be considered for this position.
California applicants, please review our CA Privacy Statement at: https://www.roanokegroup.com/career-opportunities/