Underwriting Assistant #9103

Company



Munich Re Specialty - North America



Location



Philadelphia
, United States

Underwriting Assistant

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 - North America 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. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.

Munich Re Specialty - North America 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. For more information on Munich Re Specialty - North America, including licensing, regulatory-required, and other information on the operating companies, visit Munich Re Specialty - North America Disclosures

The Opportunity

Future focused and always one step ahead!

As a Surety Underwriting Assistant you will assist underwriters by providing the initial risk assessment support for new and renewal business. You will also be responsible for delivering timely and accurate account setup, rating, technical underwriting support, policy issuance, and post issuance service for moderate to complex accounts. Duties will include but aren't limited to supporting insurance products; reviewing account coverages, losses, and additional data supporting underwriting decisions; collecting and reconciling account level data and accurately and efficiently develop pricing models.

Responsibilities

• Support new and renewal underwriting tasks for 1-3 specialty insurance business units
• Process reported bonds for invoicing and record bond transactions

• Input statistical information needed to support decomposing and clearing of submissions, quote, and policy development
• Perform administrative tasks including mailing of corporate seals to agencies

• Research risk information in support of underwriting decisions

• Collect, process, and store all appropriate documentation according to internal processes

• Interact (although infrequently) with broker agents

• Interact with internal stakeholders in support of underwriting decision making

Perform additional duties as assigned

Qualifications

• Bachelor's degree in related field

• 2-3 years in similar role supporting similar business types

• Excellent customer service with ability to take ownership and drive issues to resolution

• Highly adaptive and able to work effectively in changing environments

• Working knowledge of Excel and Word

• Ability to work quickly and with little to no oversight

• Appreciates a fast paced, team first, solutions oriented culture

At Munich Re US, we see Diversity 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.

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.

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