Underwriting Operations Analyst

Munich Re Group - Princeton, NJ

Full-time - Mid Level

Princeton, NJ

Insurance Carriers and Related Activities

About the position

The Underwriting Operations Analyst at Munich Re America is responsible for implementing initiatives that drive strategic priorities, improve processes, and address issues across various functions. This role provides high-level support for technical systems, workflows, and platforms, ensuring accurate underwriting processes and assisting underwriters with complex submissions and reporting.

Responsibilities

• Provide high level support of technical underwriting, internal process and research support on complex submissions.
• Work with underwriters to ensure all assumptions are properly coded.
• Partner regularly with Underwriters to discuss status of new and renewal opportunities to ensure processing systems reflect the latest terms.
• Review limits, deductibles, and input terms and conditions into global and local systems.
• Perform quality control of system entries to ensure accurate financials and mitigate any resulting financial impacts.
• Participate on global or local projects that impact the business unit or division.
• Assist the Operations Manager and Team Lead with special projects to enhance systems, processes, and procedures.
• Problem-solve issues raised by Underwriters, Accounting, Claims, and Contracts regarding business processes and transaction processing.
• Test and communicate roll-out upgrades and enhancements, verifying and communicating system downtimes.
• Train new or less experienced employees on accessing and using global systems and databases.

Requirements

• 5+ years' experience in an analytic function such as underwriting, accounting, or statistical disciplines with emphasis on insurance, business, STEM, or accounting preferred.
• Basic knowledge of primary and/or reinsurance underwriting process and coverages.
• Strong proficiency in Microsoft Office software (Outlook, Word, Excel, Power BI).
• Reporting experience preferred; programming experience a plus.
• Attention to detail and strong ability to multi-task, organize, and prioritize responsibilities to meet deadlines.
• Excellent interpersonal skills including verbal and written communication.
• Self-starter, requiring minimal oversight.

Nice-to-haves

• Experience in reporting and programming.

Benefits

• Diversity, Equity, and Inclusion initiatives
• Equal opportunity employer
• Reasonable accommodations for individuals with disabilities