MRSGM NA Underwriting Assistant Surety TEMP

Note: This role is a temporary position for the duration of approximately 3 months.

Location: Hybrid role in Schaumburg, IL

Munich Re Specialty Group North America (MRSG N.A.) is looking for enthusiastic individuals to join us as we grow. As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety risks and customs bonds with in-house claims solutions.

We are seeking a Temporary Position Underwriting Assistant, Surety to join the Roanoke Insurance Group division as a hybrid employee in our Schaumburg, IL office reporting to the VP, Surety Operations.

Job Description

• Processing of LC and GIA Documents; Contact with Financial Institutions where necessary
• Input, Scanning, Filing and Processing of all documents received
• Quarterly rating updates for LC’s using IDC and S&P information
• Daily and Monthly Reconciliation of Collateral Records utilizing Excel and proprietary software
• Processing bond terminations and related system documentation
• Retrieving, formatting, and distributing monthly Renewal Reports
• Custom Bond Renewal Underwriting
• Financial analysis and spreadsheet support

Requirements

• 1-2 years of experience in accounting, finance or business related - or -
• Associates Degree in accounting, finance or general business
• No initial Underwriting Authority given; subject to change based on training and performance with max level authority no more than $500M.
• Attention to detail
• Ability to monitor and meet deadlines
• Effective oral and written communication
• Ability to take direction and prioritize
• Beginning/moderate level Excel
• Beginning/moderate level Word

About Us

MRSG N.A. is the holding company for Roanoke Insurance Group (RIG) and Munich Re Specialty Group Insurance Services (SIS) located throughout 7 locations in the United States and Canada with over 250 employees.

SIS provides insurance to retail and wholesale insurance brokers in North America. Specialty lines include ocean and inland marine, cyber, tech E&O, terrorism, active assailant & political violence.

RIG operates as a specialty insurance broker focused on surety, insurance and related offerings for logistics service providers, customs brokers and companies with supply chains.

At MRSG N.A., individuality is a key driver for our success and progress. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building an inclusive culture where everyone is welcomed and valued for their authentic selves.

We offer equal opportunity employment regardless of age, sex, race, color, creed, national origin, religion, veteran status, sexual orientation, atypical hereditary traits, marital status, disability, gender identity or expression, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

MRSGNA is open to considering candidates in numerous locations, including Schaumburg, IL. The hourly rate posted below applies to the Schaumburg, IL location. The hourly rate anticipated for this position is $20.00/hour. The salary estimate displayed represents the typical rate for candidates hired in this position in Schaumburg, IL. Factors that may be used to determine your actual rate include your specific skills, how many years of experience you have and comparison to other employees already in this role.

Applicants requiring employer sponsorship of a visa will not be considered for this position.

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