Apply on Employer Site

Munich Re · 2 weeks ago

Working Student Legal & Compliance (m/f/d)*

Princeton, NJ

Full-time

Hybrid

Mid, Senior Level

$72K/yr - $105K/yr

4+ years exp

Munich Re is a leading insurance and reinsurance company known for its financial strength and stability. The Underwriting Analyst role involves supporting underwriters by managing submission requests, processing new business and renewals, and ensuring accurate financial entries while collaborating with various stakeholders.

FinanceInsuranceInsurTechRisk Management

Comp. & Benefits

Hiring Manager

JoanAnn Rafferty

Responsibilities

Organize submission information:

Review and organize the submission or specification for new and renewal business and endorsements within the time standard and business hours set out by the department

Provide internal processing and research support on complex submissions. Provide Underwriters with required reports and analysis

Review the limits, deductibles and input terms and conditions into global and local systems

Clear submissions for single risk and facultative certificate in the appropriate Munich global system

Request information and follow up for any missing information using emails

Prepare submissions for entry into the underwriting systems for rating purposes

Set up folders electronically for submissions, new and renewal business, and endorsements. Clear any incoming mail/emails in the underwriting system, match up with appropriate file (s)

Perform quality control of system entries to ensure accurate financials and mitigate any resulting financial impacts; maximize the integrity, quality and usability of information which will minimize discrepancies encountered by local and global data consumers

Collaborate with Underwriters, internal departments and clients to ensure all assumptions are properly included

Run basic rating and pricing models

Independently handle:

Preparation of quotes and binders

Policy Review, Policy Processing for both insurance single risk policies, endorsements and reinsurance certificates

Research loss information

Clear accounting discrepancies and assist claims with any information they may require

Recommend process improvements tool and enhancements, testing of systems and process changes

Participate on global or local projects as assigned

Qualification

Underwriting analysisPricing modelsInsurance policies knowledgeMicrosoft ExcelCustomer service skillsResults drivenMicrosoft WordMicrosoft PowerPointSharePointMicrosoft OutlookDetail oriented