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Form of workMunich Re Specialty Group North America (MRSG N.A.) is seeking enthusiastic and talented individuals to join us as we grow. As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety risks and customs bonds with in-house claims solutions.
We are seeking a full time Senior Underwriter, Ocean Marine to join the Munich Re Specialty Group Insurance Services (SIS) division in our Schaumburg, IL office.
Job Profile
- Work with underwriting team on production and review of new and renewal insurance business
- Manage and evaluate new and renewal business to ensure risk quality including:
- Ratings
- Claims
- Catastrophe Management
- Use underwriting standards and guidelines across assigned business line
- Request peer reviews (internal audits) and refer business out of authority to foster consistent and profitable risk selection
- Collaborate in your business approach by communicating with peers, identifying profit and loss trends on your assigned business to drive department profitability goals
- Build, foster and maintain internal and external relationships
- Monitor client needs, insurance market developments and economic changes to ensure future planning aligns with long-range business growth goals
- Seek and engage with team leadership to enhance personal capabilities
- Produce/manage book of business by accepting or rejecting accounts based on sound underwriting judgement; effectively manage own assigned agents/brokers/accounts
- Meet with agents/brokers and insureds in order to build business partnerships and relationships
- Responsible for own production goals
Job Requirements
- Excellent interpersonal skills
- College degree or equivalent work experience
- 3+ years US Ocean and Inland/relevant experience
- Good written and oral communication skills
- Proficient in Microsoft Word, Excel and PowerPoint
- Knowledge of underwriting standards
- Ability to travel occasionally within US and assigned region to maintain business partnerships and relationships
About Us
MRSG N.A. is the holding company for Roanoke Insurance Group (RIG) and Munich Re Specialty Group Insurance Services (SIS) located throughout 7 locations in the United States and Canada with over 250 employees.
SIS provides insurance to retail and wholesale insurance brokers in North America. Specialty lines include ocean and inland marine, cyber tech E&O, terrorism, active assailant & political violence.
RIG operates as a specialty insurance broker focused on surety, insurance and related offerings for logistics service providers, customs brokers and companies with supply chains.
Benefits
We offer our employees a diverse and challenging work environment which champions high performance, professional development, innovation and passion; providing employees with a highly competitive benefits package. All of our benefits are effective the first day of employment including:
- Generous healthcare plans
- Voluntary dental & vision plans
- 401(k) plan
- Flexible spending plans
- Health Savings Accounts (HSA)
- Paid time off
- Paid holidays
- Tuition reimbursement
- Short/long term disability
- Paid Parental Leave
- Employee Assistance Program (EAP)
- Employee Wellbeing Program
- Community involvement
- Life insurance
At MRSG N.A., we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. We pride ourselves on having a diverse workforce. 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 value and celebrate the uniqueness of individuals and the different perspectives they provide. We offer equal opportunity employment regardless of age, sex, race, color, creed, national origin, religion, veteran status, sexual orientation, atypical hereditary traits, marital status, disability, gender identity or expression, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
