Munich Re Specialty Group North America is seeking a Temporary Underwriting Assistant in their Schaumburg, IL office. The role involves processing documents, financial analysis, and supporting bond renewal underwriting activities.
Responsibilities
- 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
Skills
- 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
Company Overview
Munich Re is an insurance company that provides reinsurance, insurance, and risk solutions. It was founded in 1980, and is headquartered in Munich, Bayern, DEU, with a workforce of 10001+ employees. Its website is https://www.munichre.com.