Team Lead Corporate Engineering & Energy

Hiring Manager: Doug Akerson (Level 11)

About the role

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. 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 team we will better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners.

Future focused and always one step ahead! Manage a team of MR F&C U.S. Corporate Engineering & Energy underwriters. The Team Lead will be responsible for overseeing a set of multidisciplinary underwriters with a focus on operational power & energy property insurance and construction.

Responsibilities

• Manage the underwriting process to ensure efficiency as well as portfolio underwriting & pricing integrity.
• Uphold underwriting practices consistent with all MR Group and F&C delegated authority and local guidelines, Mandate, Best Practices and underwriting strategies.
• Assist the Head of U.S. Corporate Engineering & Energy with portfolio management and demonstrate an agility to adjust according to external market forces.
• Thought leadership in business segment through representation at market and client events.
• Negotiate and conclude the offers, terms of contract with Brokers/Clients and, when necessary and feasible, submit counter proposals.
• Develop financial and non-financial goals and objectives for individual underwriters consistent with Group and F&C strategic objectives.
• Develop and mentor underwriters and support the development of talent across the MR Group.
• Embrace and lead the Continuous Conversations model of performance and development enablement.
• Assist with talent acquisition and retention initiatives, employing diversity and inclusion to build diverse, high performing teams.

Qualifications

• 10+ years of experience in (re)insurance, broker community and/or corporate risk market.
• 7+ years of underwriting experience preferred.
• Bachelor's Degree preferred; advanced degree a plus.
• Professional designations desirable.
• Demonstrate executive presence, instilling trust at all levels internally, and with client and broker partnerships.
• Demonstrated superior negotiation skills, facilitating and managing the complexities and challenges associated with sourcing business.
• Excellent written and oral communication skills. Able to adjust communication style to audience at all levels internally or externally.
• Outstanding presentation skills, able to speak at professional seminars, panels or workshops.
• Demonstrate advanced proficiency in the use of pricing models and other risk evaluation models. Strategic decision making based on data interpretation beyond models.
• Leverage staff data and analytics expertise to drive profitable underwriting results.
• Manage the peer review process. Ensure plans are developed and executed as a result of the review process. Involved where necessary for more complex reviews.
• Ability to travel nationally and internationally (up to 30%).

Location

The Company is open to considering candidates in numerous locations, including New York City (NY), Chicago (IL), Houston (TX), San Francisco (CA). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography.

Pay

The base salary range anticipated for this position is $226,900–$305,000 plus opportunity for company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position in Chicago, New York City, and/or San Francisco. 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.

Benefits

• Two options for health insurance plan (PPO or High Deductible) with prescription drug coverage included
• Vision and dental insurance plans
• Basic life insurance equal to 1x annual salary and AD&D coverage equal to 1x annual salary at no cost
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans available for purchase for yourself and dependents (includes Spouse/domestic partner and children)
• Voluntary Benefit plans supplementing health and life insurance (Accident, Critical Illness and Hospital Indemnity)
• 401k plan with up to 5% employer match
• Retirement savings plan that is 100% company funded
• Paid time off starting at 24 days each year, with additional days added at milestone service anniversaries
• Eligibility for yearly bonus as a Munich Re employee
• Health and wellness programs provided at no cost
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Corporate matching gifts program enhancing charitable donations
• Paid time off to volunteer in your community