Munich Re Specialty - North America · 1 day ago
Underwriting Manager
New York, United States
Full-time
Hybrid
Senior Level
$178K/yr - $296K/yrMunich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. The Underwriting Manager is responsible for managing the US-based underwriting team and overseeing the delegated portfolio, requiring strong analytical, leadership, and relationship-management capabilities.
Insurance
Responsibilities
Work with the CUO and Head of Delegated Underwriting to support the US based team towards successful execution of our underwriting strategy and plan, in accordance with applicable underwriting authority levels, underwriting guidelines, internal directives, and client strategies
Manage and steer underwriting results for the applicable segments of the portfolio, utilizing MI and KPIs to critically analyze and evaluate the business - including review of production, loss experience, exposure, rate adequacy, and pricing discipline
Manage and underwrite individual account referrals where necessary, and provide risk referral support and peer review for the US-based team
Assess and refine underwriting guidelines, pricing models, and program performance metrics in collaboration and alignment with the rest of the Binding Authorities Underwriting teams and with Corporate Underwriting, where necessary
Manage CAT budget allocations and related economic analysis for the applicable segments of the portfolio, including premium projections and rate management against cost of capital
Review and approve contractual documentation and coverage forms
Stay current on external market trends and report internally to various stakeholders within Munich Re Specialty – North America
Collaborate with and actively participate on any cross-functional committees across Munich Re Specialty – North America
Manage coverholder oversight, including relationship management, operational reviews, audits, and due diligence
Conduct customer visits, marketing travel, and support team members in managing their travel schedules
Conduct policy and underwriting file reviews to ensure accuracy, consistency, and adherence to standards
Ensure coverholders adhere to underwriting standards, regulatory requirements, and program guidelines
Take a prominent role in developing and overseeing new and existing business relationships
Work closely with IT, Accounting, Claims, and other internal functions to resolve technical, operational, and system-related issues
Participate in the development and improvement of underwriting systems, processes, and tools and provide guidance and support to US-based underwriters in their implementation and use
Ensure compliance with regulatory, licensing, and internal governance requirements
Provide leadership and direction to the underwriting team, including recruitment, hiring, training, performance management, and professional development
Oversee staff performance and address personnel matters, including coaching, mentoring, and corrective action when necessary
Foster a high-performance, collaborative culture that emphasizes accountability and excellence, as well as ensuring close collaboration with the UK-based Managed Underwriting team and other UK-based functions
Qualification
Required
Extensive experience in Property/Casualty underwriting or underwriting management, preferably with an insurance carrier or wholesale broker
Strong background in Property, Personal Lines, and small Commercial Casualty business
Surplus Lines experience required
Strong competency in insurance coverage forms—ISO required; Lloyd's and manuscript forms would be beneficial
Experience reviewing and auditing underwriting files and managing staff who perform these functions
Computer proficiency in Outlook, Word, Excel
Excellent verbal and written communication skills
Highly organized, independent, and able to manage multiple responsibilities with minimal supervision
Strong relationship-building, negotiation, and marketing skills
Traveling responsibilities: approximately 30%
Preferred
Knowledge of WSIA members
Power BI and PowerPoint experience
Insurance designations (e.g., CPCU, AU, RPLU)
Familiarity with regulatory and licensing requirements
Benefits
Health insurance coverage
An employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)
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&D coverage that is equal to 1x annual salary
Short and Long Term Disability coverage
Supplemental Life and AD&D 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)
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
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community
Company
Munich Re Specialty - North America
Munich Re Specialty combines premier specialty expertise, capabilities, and products to offer partners and customers simplified access to a wide range of specialty insurance solutions and services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Kerner
Chief Executive Officer
Sabrina Hart
President and CEO
Company data provided by crunchbase