Binding Authority Underwriter

Location
Princeton , United States

Your job

IntroductionBell & Clements (B&C) is a specialist insurance company offering expertise in underwriting, broking and capacity management provisions for Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, US and international markets. B&C has been part of the Munich Re Group since 2007 and is a registered Lloyd’s broker. There are over 150 staff based across the London headquarters and U.S office in Virginia with close collaboration throughout.B&C offers industry leading technology solutions that benefit both customers and inhouse processes. Being part of the Munich Re Group enables an inclusive culture that is progressive and ambitious with an established employee benefits program.Purpose of the PositionThe purpose of this position is to be the primary owner and lead underwriter of assigned coverholder and ensure profitability and growth.Responsibilities

• Primary owner for profitability and growth of assigned coverholder delegated authority contracts and relationships.
• Monitor and adjust assigned contract aggregate usage, in coordination with London teammates.
• Lead underwriter for assigned coverholders on risk referrals outside contract authority or appetite.
• Participate and lead underwriting reviews throughout the year, as well as development and monitoring of progress in underwriting reviews.
• Participate in pursuit and on-boarding of new contracts and relationships.
• Lead role in annual planning for assigned coverholders and contracts.
• Participate in the review and revision of underwriting appetite and coverholder contracts.
• Coordination and communication with Claim and IT as needed for specific coverholder needs.
• Coordination and communication with In-House facilities and Lloyd’s market facilities as appropriate.
• Work with Munich Engine team to coordinate appetite, aggregate, and integration of products

Your profile

Key Skills and Experience

• 10+ years as P/C Insurance Underwriter, Underwriting Management or the equivalent experience.
• Surplus Lines Experience required.
• Existing relationships with WSIA Members preferred.
• Property/Personal Lines/Casualty small account business experience.
• Insurance Coverage/Form competency – ISO mandatory, Lloyds and Manuscript a plus.
• Ability to review/audit policies-underwriting files and management of those who do.
• Ability to interact closely with IT/Accounting/ Claims Departments.
• Ability to research and resolve technical insurance and system issues.
• Ability to communicate and negotiate clearly with coverholders to achieve desired outcomes.
• Computer Proficiency in Outlook/Word/Excel and PowerPoint.
• Independent/Self Starter.
• Organizational/Office Skills.
• Insurance Designation(s) and/or Agent License a plus.
• Insurance Licensing/Regulatory experience a plus.
• Travel for customer underwriting review and marketing visits and conventions (25-50%).

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.

About us

Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.

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 you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.