Head of Property Facultative US job in New York

New York, New York - NY Munich Re

Job Ref:	5253L
Employer:	Munich Re
Sector:	Reinsurance Risk Management
Qualifications:	Senior Qualified Actuary
Job Type:	Full Time
Salary and Benefits:	$294,300 - $431,600
Remote:	No
Location
Country:	United States
State/Province/County:	New York - NY
City:	New York
Post Code:	Not specified
Map:	(Show on map)
Description
Head of Property Facultative US Company Munich Re America Location New York , United States We will consider candidates in New York City, Chicago and Princeton, NJ. If a candidate is based in Princeton, regular travel to NYC will be expected. We're adding to our diverse team of experts and are looking to hire those who are committed to building a cooperative culture to develop solutions for our business partners and clients. The Company As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of one of the world's preeminent insurance and reinsurance brands. 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 global team we 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 Reporting to the Head of Munich Re F&C North America, your primary responsibility will be to achieve F&C's strategic objectives to grow the Property Fac business through a continued focus on profitability while allowing for more premium growth, and to be recognized as a valued consultant & large capacity provider to our clients. Your Job Develop and Implement F&C US strategic plans to identify opportunities to diversify the portfolio , increase line sizes on profitable accounts and expand client relationships, and shift small & medium sized business to automated solutions via direct marketing of our program & platform capabilities. Lead and manage a team of experienced underwriters located in various locations across the US Manage the underwriting process to ensure efficiency as well as underwriting and pricing integrity of the portfolio. Ensure underwriting practices are consistent with MR Group, MRF&C and US local guidelines, Best Practices and underwriting strategies. Identify deficiencies in underwriting, implement corrective actions and provide guidance/training for the development of underwriters. Delegate underwriting authority to staff, ensure underwriters have a clear understanding of underwriting and pricing guidelines and are proficient in the use of all applicable underwriting and pricing tools. Provide insight into the quantitative and qualitative analyses of results for the Property Fac Portfolio in conjunction with F&C Operations, Reserving and FMR. Take the lead in creating solutions and resolving problems involving other functional units such as Client Management, Underwriting Support, Pricing, and GC/NA. Successful candidates will possess the following skills/capabilities:** 10 + years of experience in (re)insurance underwriting, broker community or corporate risk market Bachelor's Degree preferred, advanced degree a plus Demonstrated superior leadership and management skills in a large corporate environment Ability to develop and execute plans and to provide strategic direction to the development and achievement of unit goals Underwriting expert level knowledge of applicable Property Lines of Business In-depth knowledge of the US insurance and reinsurance markets High level of actuarial understanding and demonstrated competency using -underwriting tools and systems. High level of reinsurance contract (terminology) understanding and ability to develop alternative clauses where necessary Exceptional communication skills that energize and engage clients and colleagues, with the ability to convey a vision and client-focused solutions Tech savviness and a willingness to experiment with and learn new technologies Willingness to travel 30% The Company is open to considering candidates in numerous locations, including NYC. The salary range posted below applies to the Company's NYC location. The base salary range anticipated for this position is $294,300 to 431,600 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 displayed represents the typical salary range for candidates hired in this position in NYC. 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 US, we see Diversity 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.

ref: (5253L) 13 days ago

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Head of Property Facultative US job in New York

New York, New York - NY Munich Re

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