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Senior Surety Underwriter - Contract

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9542 Company Munich Re Specialty - North America Employment type Regular Area of expertise Claims & Underwriting
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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!

The Senior Surety Underwriter will be responsible for the producing, underwriting, and business development of assigned geographic territory in accordance with the company’s surety business model to assist in meeting projected profitability and expense goals.  You will serve as lead underwriter for assigned region as front line for either the commercial or contract departments or both.  The position supports the Regional Surety Manager in balancing the needs to achieve budgeted financial results through specific marketing and production efforts along with sound underwriting practices in an effort to produce profitable results. You will have front line responsibility for assigned agents and accounts and will assist in the training and development of less experienced underwriters and trainees.


Our value proposition includes embedding significant underwriting authority in the position to create an enhanced, new age customer and broker experience.  We will do this by providing an enhanced level of autonomy in the position to allow our regional offices to better service our agents and clients using an agile and lean approach.

Responsibilities

In this position you will:

  • Underwrites, assesses and manages assigned portfolio of accounts with little or no supervision by his/her Manager.
  • Understands and executes personal and branch objectives and strategies in an effort to produce budgeted results.
  • Develops and leverages productive agency/client relationships through a high level of visibility with agents, brokers and clients in support of business objectives.
  • Plans and executes effective regular travel to develop and enhance new and existing producer and account relationships; Visits new and existing accounts.
  • Communicates acceptance or rejection of new and existing accounts while working towards establishing and enhancing the Company’s brand.
  • Accountable for accurate underwriting documentation/information in account management systems and adherence to documentation standards and ensures accuracy and integrity of all information contained in account files, and keeps them up to date.
  • Actively keeps management apprised of issues of importance to the Branch and to the Company.
  • May assist or be directly responsible in the development, mentoring/coaching or supervision of less experienced Underwriters, or Underwriting Trainees, as determined by his/her Manager

Qualifications

  • Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or related field
  • 5 years or more of experience working with surety products
  • Demonstrates the ability to read, analyze, discuss and interpret financial statements, bond forms, contract documents and government regulations and reach appropriate risk assessment conclusions.
  • Entrepreneurial skill set, excellent marketing, negotiating and communication skills
  • Successful track record of developing and maintaining strong relationships with agents/brokers
  • Ability to think strategically and function tactically
  • Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions
  • Effective time management and organizational skills
  • Willingness to travel up to 40%

The Company is open to considering candidates in numerous locations, including New York City (NYC), Princeton, and Philadelphia. The salary range posted below reflects market variations across various locations. This role is designated for either NYC, Princeton, Philadelphia, or Remote and reflects multiple geographies. The offer will be adjusted per geography.

The base salary range anticipated for this position is $113,400-$269,200, 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.

#LI-MB1

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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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