Business Analyst Company Munich Re America Location Princeton , United States The Company Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients' needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks. Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html. The Opportunity The Business Analyst is a self-starting role that will support a portfolio of change management initiatives across the various business units within the organization including support the onboarding of our insurtech partners and implementation of those programs into the market. As the link between business functions and IT, these individuals will be accountable for evaluating and understanding existing processes to provide solutions that ensure realization of business value. Job Responsibilities: Business Analysis & Requirements Gathering <ul> <li>Assist in gathering, analyzing, and documenting business requirements for key transformation projects and processes,. </li> <li>Collaborate with stakeholders to define project scope, goals, and deliverables </li> <li>Assist in facilitating workshops and meetings to elicit requirements, validate solutions, and ensure stakeholder buy-in. </li> <li>Experience with creating preserving work products and artifacts </li> <li>Understand a core system in the value chain (e.g. Duck Creek, D365) </li> </ul>Process Improvement & Optimization <ul> <li>Analyze current processes, and identify inefficiencies, and assist in developing recommendations for process re-engineering opportunities. </li> <li>Develop simple process documentation, including process maps and supporting documentation. </li> <li>Ability to gather and document the costs and benefits of implementing an opportunity </li> </ul>Data Analysis & Reporting <ul> <li>Understand the underlying data needed to inform recommendations </li> <li>Ability to navigate the dashboards and reports to monitor project progress, KPIs, and other key metrics </li> </ul>Change Management & Training <ul> <li>Understand and support change management strategies to facilitate the successful adoption of new processes and technologies. Assist in developing training materials and support resources for end-users. </li> </ul>Project Management <ul> <li>Contribute to multiple projects concurrently as assigned, Escalate issues and risks as appropriate </li> </ul>Qualifications: <ul> <li>2+ years of experience in business analysis, project management, or similar role within the insurance, financial services, or other related industries </li> <li>Communication and interpersonal skills, with the ability to effectively present or lead discussions with various stakeholders. </li> <li>Passionate about delivering high-quality work products and output, demonstrating a meticulous attention to detail and a strong commitment to accuracy and excellence. </li> <li>Understanding of project management methodologies (e.g., Agile, Scrum, Waterfall) and experience working within cross-functional teams. </li> <li>Experience with Agile project management tools such as Azure DevOps or Jira. </li> <li>Analytical and critical thinking skills, with the ability to assess risks and make data-driven decisions. </li> <li>Proficiency in data analysis and visualization tools </li> <li>Proven ability to contribute to multiple projects and priorities simultaneously, while consistently meeting deadlines and maintaining a high level of performance. </li> <li>A commitment to continuous learning and professional development, staying current with industry trends, best practices, and emerging technologies. </li> <li>Experience with process improvement methodologies </li> <li>Experience with an insurance-specific software, such as policy, billing, and claims systems </li> <li>Negotiation skills, enabling effective collaboration with diverse stakeholders and third-party vendors </li> <li>Experience with data governance principles. </li> </ul>

Underwriting Portfolio Risk Analyst Sr Company HSB Location Hartford , United States A Senior Underwriting Portfolio Risk Analyst has overall responsibility to manage, monitor, expand, and optimize HSB's portfolio products for assigned largest, critical Client Company relationships, with a focus on achieving Profit and Growth targets. This role supports a key strategic initiative, to profitably grow our business acting as a catalyst to new product implementations and performance management of existing client companies. The Senior Underwriting Portfolio Risk Analyst is responsible for acting as a thought leader with Clients, bringing innovative solutions utilizing HSB's vast resources of data, products & services. Working to tactically deploy HSB's capabilities to optimize and enhance our client partnerships. Working closely with Product Managers and the Underwriting Lead, the Senior Underwriting Portfolio Risk Analyst will deploy creative approaches for data analysis (including but not limited to diagnostic and predictive analytics) to understand and optimize product performance. These analytical approaches are used to design surgical strategies for corrective action to ensure rate adequacy, appropriate price segmentation & detection of leading loss trends. This includes analyzing claims, engineering, expenses, exposure data/profile shifts, pure premium trends & 3rd party exposure data. The Senior Underwriting Portfolio Risk Analyst is responsible for delivering powerful client presentations (externally) to communicate financial results, data analysis, rate analysis & emerging loss trends. The Senior Underwriting Portfolio Risk Analyst is the technical expert for both our Client and Client Integration Team. A Senior Underwriting Portfolio Risk Analyst has underwriting binding authority to independently make underwriting decisions that drive their assigned portfolio's financial results, subsequently impacting the business' P&L. The Senior Underwriting Portfolio Risk Analyst has product expertise for all HSB Treaty products with a focus on supporting the products, services and enhancements for each product. This is accomplished by demonstrating a deep understanding of coverage and communicating the value of our products to existing clients and prospective clients. Qualifications Education and Experience: <ul> <li>Bachelors or equivalent work experience is required </li><li>7+ years of P&C insurance/reinsurance experience is required; </li></ul> <ul><li>5+ years in Underwriting preferred </li></ul> <ul><li>Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results </li><li>Demonstrated ability to translate large data analysis into actionable decisions </li><li>Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends </li><li>Past experience with responsibility for achieving profit and growth targets for a book a business. </li><li>Demonstrated experience with negotiation and conflict resolution </li><li>Exhibited ability to develop creative and unique solutions </li><li>HSB Product knowledge and Previous Experience and familiarity with HSB is desired </li></ul>Knowledge and Skills: <ul> <li>Financial Statement (Business Finance) knowledge and analysis </li><li>General insurance/reinsurance industry knowledge </li><li>Presentation Skills </li><li>Strong interpersonal, written and verbal communication skills </li><li>Portfolio analysis </li><li>HSB Product knowledge </li><li>Organization and time management skills </li><li>Consultative and Strategic negotiation skills </li><li>Strong project management skills to manage multiple concurrent projects and issues. </li><li>PC skills (Excel, PowerPoint, Power BI, and Word) </li><li>Detail Oriented </li><li>Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change </li><li>Naturally curious and inquisitive to identify issues and solve problems. Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues </li></ul> At The Hartford Steam Boiler, 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. We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

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Munich Re (Group) Jobs

Mrsgna Regional Product Manager Commercial InsuranceJune 9, 2024

Business AnalystJune 8, 2024

Underwriting Portfolio Risk Analyst SrJune 4, 2024

Underwriting Portfolio Risk Analyst SrJune 3, 2024

Mrsgna Regional Product Manager Logistics InsuranceMay 18, 2024