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MRSGM NA VP, Ocean Marine

Location Schaumburg, United States Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 10714 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
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All locations Schaumburg, United States; Houston, United States; New York, United States;

Munich Re Specialty Global Markets North America (MRSGM N.A.) is looking for enthusiastic 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 Vice President, Ocean Marine to join the Re Specialty Group Insurance Services division to be a hybrid employee in one of the following US office locations (Schaumburg, IL, New York, NY, Houston, TX) reporting to the SVP, CUO Marine & Specialty.

Job Profile 
•    Lead and manage the Ocean Marine Underwriting Team by setting clear guidelines and standards for new and renewal business.
•    Oversee and evaluate new and renewal business to ensure risk quality.
•    Drive Underwriting Standards across assigned business lines by assuring Underwriting- and Service standards are being met, conducting peer reviews (internal audits) to foster consistent and profitable risk selection.
•    Ability to foster a collaborative approach to growing the Ocean Marine Business Lines by communicating with peers, identifying profit and loss trends, developing strategic portfolio growth initiatives and information from your team on changing underwriting standards to drive department profitability goals.
•    Review reports on loss ratios, conduct research on market trends and best practices and be the leader in the implementation of innovative underwriting strategies to enhance Ocean Marine portfolio and ensure organization is competitive in the market.
•    Build, foster and maintain internal and external relationships within Ocean Marine by leading the delivery of training, utilizing individual credibility to inform on risk exposure decision-making process and leading team to efficiently underwrite business to meet profit goals, service standards, and production.
•    Monitor territorial needs and economic changes to ensure future planning aligns with long-range business growth goals for all Regions.
•    Manage a culture of service and proficiency by actively leading, coaching, and mentoring direct reports.
•    Manage budget and resources by forecasting expenditures and properly accounting for Ocean Marine Expenses/Corporate Expenses. 
•    Contribute to a positive environment by leading by example; reinforce Munich Re Ocean Marine Culture and Underwriting Standards. Be the leader that contributes "extraordinary service, can do, team oriented, performance" attitude.
•    Build and train your team to build a profitable book of business by accepting or rejecting accounts based on sound underwriting judgement. Analyze, price, and evaluate new and renewal business.
•    Monitor and assess Ocean Marine profitability, mix of business, compliance, etc.
•    Contribute to the enhancement of underwriting tools, platforms, forms, services and standards.

Job Requirements
•    Surplus lines and Admitted experience
•    Licensed Producer or ability to receive home state Agents and producer license within 6 months of hire
•    Strong Leadership Skills
•    Ability to coach and encourage employees towards improving performance, while managing own objectives
•    Understanding of laws and regulations governing class of business and industry.
•    Ability to negotiate to a mutually beneficial and desired outcome (internal and external)
•    Open to collaboration with others at all levels within organization to accomplish common goals
•    Production experience
•    MGA and Lloyds experience helpful

MRSGM N.A. is open to considering candidates in numerous locations, including Schaumburg, IL. The salary range posted below applies to the Company’s Schaumburg, IL location. The base salary range anticipated for this position is $185,000 to $250,000. In addition, the Company makes available a variety of benefits to employees, including health insurance coverage, life and disability insurance, 401k match, paid holidays, sick time, and paid vacation. The salary estimate displayed represents the typical salary range for candidates hired in this position in Schaumburg, IL. 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.

About Us
MRSGM 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 work environment which champions professional development, innovation and passion; providing employees with a great 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 MRSGM N.A., individuality is a key driver for our success and progress. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building an inclusive culture where everyone is welcomed and valued for their authentic selves.

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.

Applicants requiring employer sponsorship of a visa will not be considered for this position.
California applicants, please review our CA Privacy Statement at: https://www.roanokegroup.com/career-opportunities/

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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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