Underwriting Associate

Munich Re Specialty - North America

Princeton, NJ0–42 yrs49m agovia LinkedIn

About the Role

The Underwriting Associate is an early-experience underwriting role designed to support the development of underwriting professionals through practical experience and formal learning. Associates are embedded directly within an underwriting team from day one and learn the craft through hands-on involvement in underwriting work. Associates develop core underwriting skills by working alongside experienced underwriters, gaining exposure to risk assessment, pricing, and coverage evaluation while building sound judgment and technical capability. Learning is practical, collaborative, and closely tied to real business outcomes, complemented by structured onboarding and select shared learning experiences alongside a cohort of colleagues.

This role has the potential to be located in one of the following teams:

  • Financial Lines: Atlanta or Chicago
  • Surety: New York, Philadelphia, Princeton, or Charlotte
  • Public Entity Risk Solutions (PERS): San Francisco, Chicago, Atlanta, Philadelphia, Princeton, New York City, or Hartford

Key Responsibilities

  • Learn and apply underwriting fundamentals, including risk assessment, pricing, coverage terms and conditions, and policy forms, through hands-on work alongside experienced underwriters.
  • Support quoting and binding activities under supervision, including preparing underwriting analysis, summaries, and file documentation.
  • Partner with brokers and internal colleagues to support underwriting workflows, communicate clearly and professionally, and assist with follow-ups and information gathering.
  • Maintain underwriting file quality and data hygiene, including tracking exposures, documenting decisions, and following through on assigned actions.
  • Practice disciplined, supported decision-making aligned with underwriting guidelines, risk appetite, and portfolio strategy, with guidance from underwriting leadership.
  • Use Excel and core underwriting systems to analyze accounts, support portfolio views, and build foundational analytical skills.

How You’ll Grow (First Year)

  • Manager-led, business-embedded learning within your assigned underwriting team.
  • Frequent coaching and feedback from underwriters focused on technical skill development, judgment, and readiness for greater responsibility.
  • Access to HR-supported onboarding, learning resources, and a flexible technical training catalog.
  • Exposure to Claims, Corporate Underwriting, and other internal partners through business needs and collaboration.
  • Progressive expansion of responsibility based on demonstrated capability, performance, and development.

Requirements & Tech Stack

  • Microsoft Office (Excel, Word, PowerPoint)
  • Core underwriting systems

Qualifications

  • Bachelor’s degree in Risk Management, Insurance, Actuarial Science, Mathematics, Statistics, Economics, Finance, Accounting, Business Administration, Business Analytics, or a related field.
  • At least one prior internship with a meaningful degree of responsibility or equivalent work experience.
  • Strong analytical and critical-thinking skills with attention to detail.
  • Strong written, verbal, and interpersonal communication skills.
  • Ability to work effectively in a team-oriented, fast-paced environment.
  • Highly organized, adaptable, self-directed, and resourceful.

Preferred Qualifications

  • Exposure to insurance, underwriting, financial analysis, or commercial casualty.
  • Demonstrated ability to manage priorities, follow through on assignments, and learn complex concepts.
  • Service-oriented mindset with a collaborative approach.

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