International Graduate Trainee Programme - Underwriting Track
Munich Reinsurance America, Inc.
September 4, 2018
Princeton, New Jersey
Full Time - Entry Level
4 Year Degree
This program is open only to recent college graduates with a graduation date between May 2018 - May 2019. For internal purposes this posting should be used to refer external candidates only.
As one of the world's leading reinsurance companies, Munich Re is dedicated to training all employees to reach the highest levels of insurance and reinsurance knowledge and to bringing that knowledge and expertise to our clients. The International Graduate Trainee Programme is one way of accomplishing this critical goal. This selective program offers comprehensive training for recent college graduates. Successful underwriting track candidates will complete a two year program which includes classroom (20%) and hands-on (80%) training leading to careers in Underwriting. This is an experience-based program combining three core components: foundational classroom training, rotational assignments and industry exams. Below please see specific expectations for these components:
During this two year program a Trainee will be required to attend scheduled classroom training. This training is similar to a university setting, and is conducted by the company’s leading underwriters and other professionals. Classroom training requirements include: • Participating actively in the presentation/discussion. • Demonstrating that (s)he has read the pre-reading material, if applicable. • Asking questions which demonstrate interest in developing a full understanding of the material.
One to three month rotational assignments throughout different departments enable Trainees to gain exposure to a variety of business functions and projects. During each rotation, a Trainee is required to actively participate in various scheduled rotational assignments: • Review rotation guide with rotation manager/specialist to assure that expectations are consistent. • Ask questions which demonstrate interest in developing a full understanding of the subject matter/techniques. • Complete assigned work/tasks in a correct, timely and thorough fashion. Each Trainee will have the opportunity to go on one international rotation as well.
All Trainees are required to continue their education through the passing of industry exams. • CPCU exams: the Trainee will pass 8 exams over a 2 year period with the requirement that the Trainee passes one CPCU exam per quarter.
End Product: Upon successful completion of the program, Trainees will be offered a permanent Underwriting position, predominantly in our Princeton, NJ location, based upon Company staffing needs and the Trainee’s preferences.
Click on the following link to learn more about the International Graduate Trainee Programme and hear from past Trainees. https://youtu.be/CuHNbPDk6-w
Applicants requiring employer sponsorship of a visa will not be considered for this position.
Your submission must be received by October 19, 2018 to be considered.
• Bachelor or Master Degree in Risk Management, Insurance, Actuarial Science, Math, Statistics, Economics, Finance, Accounting, Business Administration • GPA of 3.25 or higher • Demonstrated leadership abilities in college or community activities • Prior internships (at least one internship with meaningful degree of responsibility) • Superior communication skills (oral and written) • Good interpersonal skills • Interest in being part of an international organization • Preferred but not required: • Knowledge of other languages (basic knowledge of one foreign language or expressed willingness to learn a second language) • International experience (international internship, study abroad)
About Munich Reinsurance America, Inc.
As a member of Munich Re's US organization, we offer clients the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
We analyze risks from a variety of different angles and deliver holistic insurance solutions. We work with interdisciplinary teams throughout Munich Re and its network of external experts to constantly analyze technological, social and legal developments, identifying trends, considering future scenarios, and ensuring our competence continues to grow. That is how forward-looking solutions for tomorrow's world are born. If your passion is to do exceptional things, and you are looking for a company that values your contributions, promotes value-oriented culture and rewards performance with opportunities for skill development and career advancement, then join our team. Experience a unique diversity of individual skills, challenging tasks, and what it means to always be a step ahead due to our ambitious and appreciative work environment.