Data Product Manager GSI

Data Product Manager

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

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

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 our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

Data driven decision making and value generation through AI are key priorities for Global Specialty Insurance. To speed-up execution we are hiring resources dedicated for Data Products and GenAI use cases at the GSI-level.

The resources will be integrated in the Data Assets US team, but will be fully dedicated to Global Specialty Insurance.

The Data Assets Team is based out of Munich and the US and works with internal and external partners across the globe. The team closely liaises and jointly drives projects with all business units and central units like Corporate Underwriting and Corporate Claims. In order to grow the team, we are looking for someone with an entrepreneurial mindset to propel Munich Re's GenAI and data strategy forward.

Responsibilities         

• Chart the course for GSI’s GenAI and data strategy by identifying key focus areas, pinpointing use cases, and outlining implementation roadmaps.
• Own data products and GenAI use cases at the GSI level, supporting Underwriting and Claims excellence
• Foster cross-functional teamwork, bridging the gap between different GSI Business Units and the global data and AI teams in Munich
• Cultivate synergies and cost-sharing opportunities between business units by connecting similar GenAI use cases, leveraging shared learnings and accelerating innovation.
• Actively promote and expand the adoption of existing GenAI capabilities, data products and data platforms among relevant stakeholders, ensuring their value is widely recognized and utilized.

Qualifications

Successful candidates will possess the following skills/capabilities:       

• Proven project management capabilities in an agile setup for 3+ years
• Strong proficiency in application of GenAI models of different vendors
• Solid understanding of the reinsurance and insurance business models - detailed knowledge about Specialty business is a plus
• Excellent skills in technical data handling and API usage
• Entrepreneurial and customer-centric mindset and ability to develop strategic targets and conceptually transform requirements into solutions
• Integrative personality, strong in building and maintaining relationships (internally and externally)
• Drive and dedication, as well as creativity and hands-on attitude to initiate and execute use cases (“getting things done”)
• Excellent ability to communicate to both technical and non-technical communities to ensure data uses and limitations are well understood and will provide substantive business value

The Company is open to considering candidates in numerous locations, including Princeton (NJ) and remote. 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 $92,500- $135,600, 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 is adjusted to reflect the varying market conditions across different locations. 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.