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VP - Fac Cert Casualty Underwriter

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 8932 Company Munich Re America Employment type Regular Area of expertise Claims & Underwriting
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We are open to this position being located in:  Chicago, New York City, Atlanta, San Francisco or Princeton.

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. 

Munich Re Facultative and Corporate (MR F&C) was created to bundle Munich Re’s facultative and corporate business into one global unit. We believe that  by aligning our single risk business in one unified team we will better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners.



The Opportunity


Future focused and always one step ahead.

As an Underwriter, you will underwrite and price a portfolio of reinsurance business in accordance with Munich Re America guidelines, strategy and profitability standards.  You will be responsible for developing recommended individual risk pricing and terms within appropriate underwriting authority.  This includes completing risk analysis and assessment, coverage evaluation and pricing as well as participating in client negotiations in order to maintain and develop a profitable portfolio of reinsurance business. 

Responsibilities

Underwriting: 

  • Demonstrate ability to underwrite and price moderate to highly complex facultative certificate reinsurance business in accordance with corporate, divisional and department guidelines and philosophy.
  • Underwrite new and renewal business in accordance with underwriting authority, including all tasks associated with information and data gathering, data manipulation, risk and coverage analysis, pricing, and deal negotiations.
  • Provide responsive service on all broker and direct client requests.
  • Possess comprehensive knowledge of guidelines structure and exercise sound underwriting judgement.
  • Adhere to underwriting procedures and delegated authority.
  • Demonstrate proficiency in the use of pricing models, tools and other risk evaluation models including the ongoing development of one’s technical product and underwriting expertise.
  • Monitor profitability of assigned clients providing direct report quarterly reviews.
  • Assist in peer reviews of team members accounts, technical underwriting training of Underwriting Assistants, Other Fac Cert underwriters, Risk Analysts and visiting MRM underwriters.

Marketing:

  • Strong knowledge of MRAm Products and Services.
  • Develop opportunities inside and outside area of expertise.
  • Maintain strong market presence by developing direct and broker strategies promoting F&C’s capabilities and market knowledge externally.
  • Develop new sources of business will be a significant part of position.
  • Provide significant input for facultative department strategy and implementation.
  • Proven ability to interact effectively with clients, brokers and colleagues.

Business Planning:

  • Participate in and provide significant input for the business plan development.
  • Execute specific aspects of business plan as assigned.
  • Self- Development Planning to achieve business and developmental objectives.

Qualifications

  • Bachelor’s Degree in Business, Insurance or Risk Management preferred.
    7+ years of experience in (re)insurance, broker community and/ or corporate risk market
    5 + years of underwriting experience preferred
    CPCU, ARe designations preferred;
    Knowledge of internal processing procedures and systems.
    Demonstrated knowledge of General Liability, Automobile Liability, Professional Liability, Workers Compensation, Umbrella/Excess Liability coverage and risk analysis
    Knowledge of common facultative reinsurance structures and terms
    Strong interpersonal and social skills;
    In-depth knowledge of the US insurance and reinsurance markets supported by attending industry workshops/conferences and active involvement in professional societies.
    Excellent oral and written communication skills.  Ability to explain complex transaction structures to both technical and non-technical audiences
    Effective time management skills
    Excellent computer skills
    Ability to develop and execute plans and to provide strategic direction to the development and achievement of unit goals
    Willingness to travel for audits and client and broker visits (approx. 20% of time)

The Company is open to considering candidates in numerous locations, including Chicago, New York City, Atlanta, Princeton and San Francisco.  The salary range posted below reflects market variations across various locations. The offer willl be adjusted per geography.

The base salary range anticipated for this position is $123,300 - $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 and San Francisco job markets. 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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