What are the responsibilities and job description for the Underwriting Manager - Residential Products position at Munich RE?
American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property - such as manufactured homes and specialty dwellings - and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can't. We write admitted products in all 50 states and have a premium volume of $2.2 billion.
Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re's Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.
Purpose:
Lead a team of Personal Lines Residential, Recreational, and/or Commercial Physical Damage Underwriters to (1) deliver underwriting quality that compliantly achieves American Modern's profitable growth goals, (2) deliver a positive underwriting experience via production and service level targets that meet our sales partners' and policyholders' expectations, (3) serve as a profitable growth co-pilot by fostering meaningful collaboration and relationships with American Modern Sales Partners, internal stakeholders, and external sales partners to help drive profitable growth, and (4) develop our people to achieve their career ambitions.
Roles & Responsibilities:
All levels of Management
Develop associates to ensure a combination of logic, expertise, analysis, experience, wisdom, and underwriting methods are consistently used to make sound, compliant, and timely underwriting decisions
Develop and maintain effective relationships with internal stakeholders, such as fellow members of the Underwriting Leadership team, Sales, Product, Corporate Underwriting, and Customer Service, as well as the Munich Re parent companies, fostering consistent communications, effective processes, and teamwork
Develop and maintain effective relationships with external Sales Partners to provide meaningful insights on their book of business and the achievement of our profit targets via portfolio-based underwriting, as well as individual risk underwriting techniques
Maintain and foster deep product and underwriting expertise within the Underwriting Department in order to deliver on our responsibilities and financial targets
Lead a diverse team to deliver expected key performance indicators, service level targets, and a positive customer experience, as measured by, but not limited to, the non-cat loss ratio, quality controls scores, new business turnaround times, and Net Promoter Scores
Foster a positive culture and team environment that includes development, accountability, excellence, and team building through continuous conversations resulting in increased employee engagement and results
Utilize data and analytics to manage production, performance, and drive efficiencies
Identify and drive process improvements and workflow efficiency initiatives
Ensure a culture of compliance through systems, audit, and training
Support adherence to risk management policies and procedures
Responsible for high-level administrative functions within the department, which include performance management of staff, anticipation of staffing needs, design and implementation of training programs for strategic growth
Additional Manager responsibilities:
Analyze market and financial data to make informed decisions, and ensure all underwriting decisions mitigate risk and comply with company standards
Share feedback when areas of concern are discovered with Product, Sales, sales partners, etc.
Serve as the face of Underwriting to internal stakeholders and key Sales Partners, fostering a partnership to deliver a positive and profitable relationship
Develop and lead successful teams and culture, while attracting and retaining top talent
Required Technical Skills:
Excellent written and verbal communication skills
Leadership
Time management
Process improvement skills
Advanced experience with MS Word, Excel, Power Point, Appian and Microsoft Power Automate, Power BI, and Outlook,
Project Management
Change management
Organizational agility
Skills / Knowledge / Experience:
Required: 5 years of underwriting experience. Required: 2 years supervising exempt associates, teams or process, preferably in underwriting - tactical and strategic in nature
Required:
- Bachelor's Degree
Preferred:
- Advanced degree
- Supervisor's certification, CPCU or other industry coursework/designation
We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:
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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
- A hybrid environment that gives you a choice in where and how you get work done
- A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
- An on-site complimentary workout facility as well as walking trails on campus grounds
- On-site wellness center complete with nurse practitioner
- Financial assistance for adoptions and infertility treatment
- Paid time off for eligible family care needs
- Tuition assistance and educational achievement bonuses
- Free parking
- A corporate matching gifts program that further enhances your charitable donation
- Paid time off to volunteer in your community
At American Modern, a subsidiary of Munich Re, 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.
Applicants requiring employer sponsorship of a visa will not be considered for this position.
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