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Underwriting Assistant #11779

Location Philadelphia, United States Job type Full-Time Work mode Hybrid Job level Graduate & Entry-Level Job ID 11779 Company Munich Re Specialty - North America Employment type Regular Area of expertise Operations & Product Management
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Underwriting Assistant

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!

As an Underwriting Assistant, you will assist underwriters by providing the initial risk assessment support for new and renewal business.  You will also be responsible for delivering timely and accurate account setup, rating, technical underwriting support, policy issuance, and post issuance service for moderate to complex accounts.   Duties will include but aren’t limited to supporting insurance products; reviewing account coverages, losses, and additional data supporting underwriting decisions; collecting and reconciling account level data and accurately and efficiently develop pricing models.

Responsibilities

In this position you will:

  • Support new and renewal underwriting tasks for specialty insurance business units
  • Input information to increase the data quality associated with Statements of Values received from our producers to underwrite casualty business.
  • Collect, process, and store all appropriate documentation according to internal processes
  • Interact with internal and external stakeholders in support of underwriting decision making
  • Perform additional duties as assigned

Qualifications

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

  • Bachelor’s degree or experience equivalent in a related field
  • 2-3 years in a similar role supporting similar business types
  • Excellent customer service with ability to take ownership and drive issues to resolution
  • Highly adaptive and able to work effectively in changing environments
  • Working knowledge of Word
  • Advanced skills with Excel
  • Ability to work quickly and with little to no oversight
  • Appreciates a fast paced, team first, solutions-oriented culture  

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.

#LI-JR1

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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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