Parametric Jobs (NOW HIRING)

Parametric Structuring Analyst

We're 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. We will consider a range of experience for this role and the offer will be commensurate with that.

The Company

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
The Opportunity

Future focused and always one step ahead.

We are seeking a Parametric Structurer Analyst to join our Parametric NatCat Americas team. This role will focus on deal management, supporting the Regional Director in executing business development strategies, and documenting transactions. The successful candidate will structure, underwrite, and execute parametric transactions and derivatives, develop new product offerings, and build relationships with clients, brokers, and external partners to drive business growth.

Responsibilities:

* Strong technical skills in structuring, underwriting, and executing parametric transactions and derivatives

* Ability to execute regional market strategies in line with global strategies

* Excellent relationship-building and communication skills to establish, maintain, and strengthen contacts with clients, brokers, external partners, and key decision makers

* Ability to support the execution of new product offerings and business cases, particularly in parametric solutions and Nat Cat peril-oriented products

* Ability to monitor regulatory environments and changes that may affect product offerings or setup

* Ability to manage carriers and legal requirements, including development and checking of primary and reinsurance wordings

* Strong networking skills to build relationships with external transaction service providers, such as brokers, banks, risk modelers, law firms, rating agencies, and NGOs

* Experience in contributing to the development and execution of regional market strategies and generating client/broker marketing materials

* Strong analytical and problem-solving skills, with the ability to structure, price, and underwrite complex parametric transactions and derivatives

* Ability to work collaboratively with internal stakeholders, including Corporate Underwriting, Finance and Control, and other business units within the Munich Re organization.

Qualifications:

* Bachelor's degree in law, business, economics, mathematics, or similar qualifications with a thorough understanding of reinsurance risk and actuarial principals.

* 2+ years of Catastrophe or Property related (re)insurance underwriting experience (Parametric experience preferred)

* Attention to detail as pertains to complex structuring and contract wordings

* Strong client orientation, with an entrepreneurial mindset and focus on execution

* Excellent technical understanding and demonstrated proficiency using pricing tools and MS Excel

* Underwriting knowledge of applicable Property Lines of Business is preferred

* Fluency in Spanish preferred

* Willingness to work in a team-environment to make key group decisions

* Willingness to travel for client presentations and client maintenance (up to 25% of the time)

* Underwriting knowledge of applicable Property Lines of Business is preferred

The Company is open to considering candidates in numerous locations, including New York City (NYC), NY. The salary range posted below applies to the Company's NYC location.

The base salary range anticipated for this position is $115,600 - $169,500 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 displayed represents the typical salary range for candidates hired in this position in NYC. 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.