Title:  Head of Insurance Programs

We will consider candidates in Princeton, NJ, New York City or Philadelphia, PA.

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!

The Head of North America Programs role is responsible for the profitability and growth of the Insurance Programs for MRSNA in the US, Canadian, and Insurtech Programs markets, all combined a portfolio of $1B+ GWP. This role is a member of the MRSNA Executive Leadership Team, reporting directly to the President and CEO.

Key Responsibilities:

•    Lead, develop and provide oversight for a team of senior Underwriting leaders and underwriters to achieve Programs and MRSNA profitability objectives.
•    Develop and execute the North America strategic business plans that support objectives and provide direction and oversight of the production within the book of business.
•    Navigate complex underwriting dynamics in the Programs space both geographically and through diverse channels using innovative problem solving and non-traditional approaches to program design and financial structuring while reviewing all aspects of a client’s operation and providing insight for profitability, growth and financial stability.
•    Develop account opportunities with entities with which we delegate or share underwriting authority.
•    Establish and maintain professional relationships with senior management of existing or prospective clients.
•      Effectively collaborate across MRSNA functional units to support the onboarding and in force management of the programs portfolio
•    Ensure underwriting and production efforts follow corporate underwriting guidelines and established best practices:
•    Review and approve individual underwriting authorities to maximize individual accountability and efficiency.
•    Establish clear processes for prioritizing departmental and individual workloads
•    Maintain in-depth knowledge of all tools and models used in the underwriting process.
•    Create a team culture that aligns with the MRSNA and Global Specialty ambitions and values.  Effectively delegate work and maximize productivity of the team, setting priorities and eliminating unnecessary work.  Facilitate all levels of organizational communication and support/own company decisions that impact the team.
•    Responsible for proper staffing of the unit and support of Strategic Workforce Planning overall for MRSNA.
•    Ensure a clear understanding of our underwriting guidelines and pricing guidelines to ensure appropriate risk-reward decision-making.

As a member of the MRSNA Leadership Team:
•    Participate in the development of the division’s financial and strategic plans, goals, and objectives.
•    Become familiar with key talent within MRSNA and the broader Global Specialty group and work to actively engage, empower and develop employees.
•    Foster a culture of collaboration across all MRSNA units enhancing Divisional success.
•    Lead and/or participate in broader GSI or Group level initiatives as needed.

Requirements include:

•    Bachelor's degree in Finance, Accounting or related field 
•    Strong underwriting, marketing and analytical skills that have been proven over 15+ years of insurance/reinsurance and client management experience 
•    7+ years of management experience 
•    Willingness to travel 20%-30% 

Qualifications include:
 
•    Exceptional communication skills that energize and engage clients and colleagues, with the ability to convey a vision and client-focused solutions
•    Excellent negotiation and consultative skills which can be deployed at any level of an organization, including creativity, emotional intelligence, adaptability and problem-solving skills
•    Tech savviness and a willingness to experiment with and learn new technologies
•    Ability to think strategically and function tactically
•    Effective project management skills related to execution overall and evaluation of new insurance programs and their in-force management

The Company is open to considering candidates in numerous locations, including New York City (NYC), Princeton, and Philadelphia. The salary range posted below reflects market variations across various locations. This role is designated for either NYC, Princeton, or Philadelphia and reflects multiple geographies. The offer will be adjusted per geography.
 
The base salary range anticipated for this position is $294,100-$490,100, 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, with the with the higher end being more aligned with the NYC job market.  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.

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.