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Chief Underwriting Officer

New York City, NY, USA | Munich Re Group

  • Industry:
    Insurance - General
  • Position Type:
  • Functions:
    Financial Services Professional
  • Experience:
    15-20 years
Job Description:
80 people have viewed this job

Establish, implement, and monitor underwriting strategy, policy, guidelines and controls for MRSI, consistent with Group objectives and directives, and consistent with client group focus.

Direct and manage overall technical underwriting activities for MRSI and assure high-level of technical proficiency is achieved in all areas.

Direct and manage actuarial pricing resources to support the development and maintenance of portfolio and individual account pricing tools and the execution of pricing activities.

Direct and manage product development resources to deliver new product rates, rules and policy forms and the maintenance, consistency and simplification of existing product rates, rules and policy forms.

Establish and maintain underwriting file review protocols for MRSI.

Establish and maintain an underwriting training curriculum for MRSI working with other divisions in Munich Re.

Manage business portfolio to achieve business mix and performance goals as established by MRSI.

Establish, maintain and execute MRSI’s underwriting authority delegation and referral processes.

Monitor domestic insurance and reinsurance market trends and developments in order to make adjustments as appropriate to underwriting policy and strategy.

Motivate and lead a high performance management team; attract, recruit and retain required members of the team not currently in place; provide mentoring as a cornerstone to the management career development program.

Responsible for the maintenance of relationships and the flow of information between various service and operating units of the Group (e.g. Munich Re, Claims, Legal, Corporate Underwriting, etc.).

Your profile

Successful candidates will possess the following experience/skills/qualifications

Bachelor degree in Business, Finance, Accounting or related field

15+ years insurance underwriting (or related) experience

5+ years of people management experience

In-depth knowledge of the exposure and experience rating processes

In-depth technical knowledge of single risk, program and treaty insurance underwriting in property and casualty lines of business

Excellent people skills, with an ability to partner with a dynamic leadership team

Possess personal qualities of integrity, credibility, and commitment to corporate mission

Strong negotiation skills

Excellent communication (written, verbal and presentation), interpersonal and networking skills with all levels of organizations

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