Product Development Specialist

Join to apply for the Product Development Specialist role at Munich Re Specialty - North America

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.

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.

The Product Development Specialist role will support our U.S. Underwriting teams by drafting new and amending existing policy form wordings, liaising with the regulatory and operations teams during the form filing process, and collaborating with claims and underwriting teams. This role reports to the Product Development Sr Manager Casualty. The Product Development Specialist works closely with the Product Development team and other stakeholders in Corporate Underwriting and functional Business Units, fostering continuing development of knowledge of product lines and other functions.

• Minimum 10 years of Property and Casualty underwriting experience preferably with an Insurance Carrier or Wholesale Insurance Broker
• ISO and Manuscript Insurance Coverage and Form competency necessary
• Ability to research and resolve technical insurance issues
• Proficient in all Microsoft Office programs (Outlook, Word, Excel, One Note, PowerPoint, SharePoint, and Teams)
• Strong influencing skills to ensure alignment with Underwriting, Operations, Finance, Technical, and Compliance
• Strong leadership skills with the ability to build rapport, teamwork, and resolve conflicts
• Presentation and training experience
• Bachelor’s or University Degree in Business Management, Science, Finance or equivalent required
• Insurance Designation such as CPCU, ASLI, AU a plus

• Bachelor’s Degree required. Juris Doctor Degree preferred. CPCU a plus.
• 5-8 years insurance experience in product development process and overall product knowledge based on previous law firm or relevant insurance and/or reinsurance experience in product development, claims or underwriting in Commercial Casualty and Professional Liability lines of business, including sophisticated underwriting applications and techniques
• Strong command of ISO Commercial Lines, ISO Manuals/Circulars, regulatory concepts, along with a strong collaborative, proactive and self-starter nature
• Superior interpersonal, communication, and time management skills and ability to develop and foster relationships with key internal and external stakeholders and contribute in a dynamic, fast-paced environment and effectively deliver on multiple priority matters
• Excellent research, detail orientation, creative problem solving and project management skills
• Proficiency in enhancing existing processes and feedback loops

Base salary range: $99,700‑$166,100 plus company bonus based on a percentage of eligible pay. Additional benefits include health insurance, employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.