Senior Underwriting & Analytics Analyst

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!

Insurtech Programs, a business unit within Munich Re Specialty – North America (MRS-NA), partners with MGAs that digitally and autonomously distribute insurance products in the U.S. market. The team is product-agnostic across P&C, including specialty lines, with a particular focus on small commercial. Insurtech Programs provides both reinsurance and fronting paper to its partners and aims to build long-term, sustainable relationships. The team collaborates closely with Claims, Pricing, Operations and oversight functions. Our strategy is to expand our partnership portfolio in alignment with the underwriting mandate, business appetite, and profitability goals.

This role will support two primary areas:

• Data & Analytics Support: Collaborate with the Data & Analytics Lead, contributing to the development and execution of the data and tool strategy, supporting data onboarding for new partners, and coordinating with IT and Operations.
• Underwriting & Partner Support: Assist Senior Underwriters in due diligence, partner onboarding, and account management. This includes reviewing submissions and providing post-launch monitoring and analysis.

Depending on the candidate’s skill set and development trajectory, the role may also support marketing efforts, including introductory meetings with prospects and brokers and coordination and participation in conferences and industry events.

Responsibilities

In this position you will:

• Reporting & Data Analytics:

1. • Develop and coordinate ad-hoc reporting requests and standardized monitoring dashboards and program performance reports that provide actionable insights, in collaboration with actuarial, claims, and IT teams.
   • Act as a data subject matter expert within the team, co-shaping and executing the data strategy to streamline future partner onboarding and data exchanges using MRS-NA’s infrastructure and technology stack. 
   • Serve as designated back up for the Data & Analytics Lead

• Underwriting
  • Support the review and analysis of new partner opportunities, including submission review, UAT, product reviews, and competitor and market research.
  • Assist in partner onboarding from a data perspective, including determining data requirements and managing the data workstream throughout implementation.
• Sales/Marketing
  • Participate in introductory meetings with brokers, VCs, and industry stakeholders to represent the team’s appetite and conduct initial screening of opportunities.
  • Participate in key conferences and industry events.

Qualifications

Successful candidates will possess the following experience/skills/qualifications:

• 3+ years of relevant experience in the Property & Casualty insurance industry; primary insurance and U.S. market experience preferred.
• Bachelor’s degree in a relevant field (e.g., finance, economics, risk management, mathematics, statistics, data science); professional designations are a plus.
• Experience with data modeling and visualization tools; familiarity with insurance data concepts and KPIs.
• Proficiency in Excel and SQL; experience with Power BI and Python is a plus.
• Experience working with or implementation of automated underwriting tools is a plus; familiarity with the Insurtech or startup ecosystem is also a plus.
• Ability to challenge and improve existing processes and effectively manage internal and external stakeholders to drive timelines.
• Strong independence, planning, organizational, and problem-solving skills.
• Willingness to travel as needed (up to 15%)

The Company is open to considering candidates in numerous locations, including New York City (NYC), Princeton (NJ), Philadelphia (PA), and Atlanta (GA). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography.

The base salary range anticipated for this position is $88,400-$140,900, 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 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.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

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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