Single Risk Technical Analyst

Single Risk Technical Analyst

This role is based in Princeton, NJ.

We’re 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. We will consider a range of experience for this role and the offer will be commensurate with that.

The Company

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.

The Opportunity

Future focused and always one step ahead!

With this opportunity, your primary responsibility will be to assist our MR F&C Corporate underwriting teams.

You will prepare larger insurance policies for all lines of business and perform related policy administration responsibilities. The role interacts as needed with underwriting, accounting, product development, and operations counterparts to resolve any issues related to policy issuance, administration, and bookings.

Responsibilities:

• Prepare and assemble insurance policies and amendments for multiple lines of business in required timeframes
• Enter policy information into company systems
• Store policy documents according to internal processes
• Investigate policy administration errors
• Accurately prepare legal notices and ensure proper mailing to insureds as directed
• Interact with internal and some external clients
• Recognize and resolve conflicting instructions
• Recommend improvements to work processes
• Assist in the training and development of less experienced team members
• Perform additional duties as assigned

Qualifications

Successful candidates will possess the following skills and capabilities:

• High school diploma
• Experience in servicing commercial insurance policies
• Ability to service numerous internal and external clients
• Ability to learn and work with multiple workflow management tools, and strong organizational skills to keep track of pending items
• Ability to perform insurance policy data entry and understand coding requirements
• Basic knowledge of primary and/or reinsurance underwriting process and coverage
• Intermediate to expert level computer skills – Microsoft Word, Excel, Outlook, and SharePoint
• Excellent customer service skills with successful ability to take ownership of and resolve issues
• Detail oriented and results-driven
• Good interpersonal, verbal and written communication skills.

The ideal candidate:

• Has a proactive and passionate service approach with ability to take ownership and drive issues to resolution.
• Is highly adaptive and able to work effectively in ambiguous and changing environments.
• Is able to work quickly and with minimal direct oversight.
• Demonstrates the ability to manage competing priorities within a team-first, solution-oriented culture.

The Company is open to considering candidates in Princeton, NJ. The base salary range anticipated for this position is $62,200 - $88,300 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 Princeton, NJ. 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.