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ERGO NA Senior Portfolio Account Manager

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9371 Company Munich Re America Services Employment type Regular Area of expertise Asset & Investment Management
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The preferred location for this role is New York City, NY but we are open to Philadelphia, PA and Princeton, NJ.

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
As the world’s leading reinsurance company with 40,000 employees at over 50 locations in all parts of the world, Munich Re introduces a paradigm shift in the way you think about insurance.  By turning uncertainty in manageable risk we enable fundamental change.  Join us working on topics today that will concern society tomorrow, whether that may be climate change, major construction projects, medical risk assessment or even space travel.  Together we embrace a culture where multiskilled teams dare to think big.  We create the new and the different for our clients and cultivate innovation.  Sounds like you?  Make it happen and be part of Munich Re.


This new function in North America will be overseen jointly by Munich Re America Services and ERGO.


Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities. 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.
ERGO is one of the major insurance groups in Germany and Europe. The Group is represented in over 20 countries worldwide and focuses on its core and growth markets in Europe and Asia. ERGO offers a comprehensive range of insurance policies, pensions, investments and services.  With ERGO’s recent acquisition of Next Insurance, ERGO is now entering the North American insurance market for the first time.

The Opportunity


The ERGO NA Senior Portfolio Account Manager will report directly to the newly created Head of ERGO NA Underwriting position.  The Account Manager serves a critical function as the primary liaison between ERGO’s commercial accounts and both the ERGO and MRAS underwriting offices. This position is crucial in fostering strong relationships and collaboration with various stakeholders, including local management, claims, actuarial, and data solutions teams, and thus plays a key role in ensuring the success and profitability of the ERGO NA business. 

Future focused and always one step ahead!

Responsibilities include:
•    Serve as the primary contact for the ERGO NA business within the CUO division.
•    Manage the accounts and the associated risk of the ERGO NA business.
•    Coordinate and conduct structured management dialogues with ERGO NA business to set and monitor targets, identify deviations through local reporting, and collaborate with local management to define corrective measures. Ensure follow-up on agreed actions and measures.
•    Provide oversight of the P&L by actively engage with claims, actuarial, and data solutions to help manage the accounts.
•    Ensure close co-operation and collaboration with other teams within GSI and ERGO Global P&C teams and the corporate Munich Re network.
•    Facilitate effective communication and coordination between the local company, Global P&C and other group functions including ERGO International, Controlling, IRM.
•    Support and implement underwriting guidelines, underwriting training, underwriting audits, and due diligence, including follow-up actions.
•    Implement and execute CUO-Governance by applying Global Minimum Standards and managing processes and methods such as SAM methodology and product reports.
•    Actively participate in planning processes and conduct regular monitoring activities.
•    Prepare and follow up on meetings with the Board of Directors, ensuring thorough documentation and actionable outcomes.


Qualifications include:
•    Minimum of 7 years of professional experience in the US P&C industry, with a focus on small commercial lines.
•    Expertise in Pricing, UW, Claims, and Reinsurance preferred.
•    Proven ability to contribute to strategic UW projects.
•    Intercultural affinity and proven ability to work and communicate successfully in a multinational environment.
•    Willingness to travel within US and occasionally overseas .
•    Knowledge, skills and other capabilities acquired through a university degree in mathematics or economics and/ or equivalent training in the insurance industry.

The Company is open to considering candidates in numerous locations, including New York City (NYC), Princeton, and Philadelphia; therefore, the salary range posted below reflects market variations across various locations.  The offer will be adjusted per geography, with the higher end being more aligned with the New York job market.

The base salary range anticipated for this position is $141,800 to 226,100, 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.

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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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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