Assistant Underwriter Jobs in Park Ridge, IL (NOW HIRING)

Public Entity Underwriter

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

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

 
We are seeking a Public Entity Underwriter to join our Municipality and Transit team. In this role, you will play a critical part in underwriting complex accounts, building strong client relationships, and driving growth within our Public Entity Risk Solutions (PERS) division.
 

Underwriting Responsibilities:

In this position you will:

   Underwrite in accordance with division guidelines and philosophy.
   Develop and maintain strong, professional relationships with appropriate contacts at existing and prospective client and production sources.
   Respond to and find solutions to client business needs with underwriter(s) and management distinguishing MRSNA's business and products from competitors.
   Assist management in the development of new or potential business clients.
   Become proficient in the handling of larger, more complex accounts.
   Research and communicate to personnel matters relating to Public Entity Risk Solutions (PERS) issues.
   Exhibit a high degree of market awareness and provide consistent input to management on market activities.
   Possess a clear understanding of our underwriting and pricing guidelines to ensure appropriate risk-reward decision-making.
   Maintain an in-depth knowledge of all tools and models used in the underwriting process.
   Maintain compliance with Corporate and Divisional underwriting guidelines.
   Be a team player in support of all PERS and MRSNA objectives.

Qualifications:

Successful candidates will possess the following experience/skills/qualifications:

   Experienced underwriter with deep industry knowledge
   7+ years of experience in insurance, broker community, underwriting and/ or corporate risk market.
   Relationship selling skills
   Creativity and flexibility
   Effective Time Management and organizational skills
   Superior communication skills, written and verbal
   Excellent computer skills

The Company is open to considering candidates in numerous locations, including Chicago (IL), Philadelphia (PA), Atlanta (GA), Hartford (CT), New York (NY) and Princeton (NJ). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography.

The base salary range anticipated for this position is $138,400 - $230,700, plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the NYC job market. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

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).
 

In addition to the above insurance offerings, our employees also enjoy:

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.
 

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.