Hiring: Business Development Manager Company: Munich Re Location: Princeton, NJ Job Posted Time: 2026-09-13 11:51:25 Target Skills & Keywords : Risk Management About the job Experience: •10 years of Reinsurance and/or relevant Insurance experience (underwriting, account executive, and/ or actuarial preferred) Required Skills: •Future focused and always one step ahead. •Create, prioritize and implement forward looking client strategies for all assigned clients and prospects, in line with MRUS Key Priorities and Line of Business Strategies. •Create, prioritize and implement forward looking broker strategies that go beyond the transaction. •Thinking beyond the current portfolio to imagine a target picture and future possibilities to generate profitable revenue that does not exist today. •Lead client team in developing new business opportunities and servicing the in-force business. Ensure consistent understanding of target objectives and strategy for achieving desired outcomes. •Develop negotiation strategies and tactics to ensure achievement of financial objectives for assigned clients. Partner with Underwriting, Claims and Actuarial to establish final terms for individual placements including share size, price and other relevant terms and conditions. •Develop and maintain deep and thorough understanding of assigned clients and brokers, particularly of their key underwriting, capital and risk management objectives. Build strong relationships with client & broker staff that can provide strategic insights on evolving needs and value derived from the Munich Re (MR) relationship. •Manage client & broker relationships, establishing MRUS’s position consistent with our segmentation strategy (e.g., the lead reinsurer for our most desirable clients). Serve as primary point of contact within Munich Reinsurance America, Inc. (MRAm) for assigned clients and their designated brokers as respects traditional reinsurance business. Qualifications: •Bachelor’s degree in Business and/or equivalent work experience •Approximately 10 years of Reinsurance and/or relevant Insurance experience (underwriting, account executive, and/ or actuarial preferred) •Strategic thinker who can develop effective action plans to achieve desired outcomes •Strong interpersonal and social skills with a special focus on relationship management •Strong leadership skills needed to manage client teams in a matrix reporting environment •Effective presentation skills with ability to explain complex transaction structures to both technical and non-technical audiences •Strong sales orientation with ability to make a compelling link between MR offerings and critical client needs. Ability to handle tough negotiations that result in win-win outcomes. •In-depth knowledge of insurance and reinsurance principles and procedures •Operational familiarity with accounting, finance and actuarial concepts •The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company’s Princeton, NJ location Compensation: •$185,800 - $272,500 / year •Plus opportunity for company bonus based upon a percentage of eligible pay Interested candidates, please apply directly through the job posting on company's career page or try via AI auto apply on this platform. Don't miss this opportunity to join a forward-thinking team!