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For Companies At a Glance
- Tasks: Manage a diverse portfolio while providing expert underwriting guidance.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance with a supportive culture.
- Benefits: Enjoy perks like remote work options, wellbeing schemes, and professional development support.
- Why this job: Be part of a dynamic team that values curiosity and boldness, driving impactful change.
- Qualifications: Extensive underwriting knowledge and strong relationship-building skills are essential.
- Other info: Diversity and inclusion are at our core; we welcome all perspectives.
The predicted salary is between 43200 - 72000 £ per year.
Overview
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About us At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.
At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.
Please see our website for more information.
Underwriter (Cargo & Freight) (Level 2)
We are currently looking for an Underwriter to be based in our Leeds office on a full-time basis, reporting into the Underwriter & Team Leader.
We are open to considering individuals currently working within UK general insurance, whether that be insurance company based or with an insurance broker.
You to achieve and maintain a profitable, well balanced and growing portfolio with allocated intermediaries and customers to assist in meeting long term trading objectives of the Company.
Provide technical underwriting expertise and guidance to less experienced underwriting staff.
Responsibilities:
- Undertaking end-to-end handling for the allocated portfolio to deliver the agreed joint business development plans in line with the Company\’s overall trading strategy.
- Make effective decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
- Working with the underwriting team, develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company\’s trading objective in a way that will deliver profitable and balanced trading growth.
- Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
- Identify, define and close business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively, securing business for the Company.
- Act as a reference point on all issues for the allocated intermediary/customer or less experienced staff, so that a high level of customer service is delivered.
- Assist in maintaining a balanced and high quality portfolio, optimising the use of information gathered.
- Other ad-hoc tasks as required by the business.
- Undertake other duties as directed within the level of the job function.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC) , ExCo and Board for Conduct Risk.
Knowledge and Skills
- High level of underwriting knowledge.
- Understanding of technical underwriting, philosophy and Company trading strategy.
- Ability to interpret and effectively use management information.
- Excellent communication skills.
- Knowledge of the local market.
- Internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department and the Syndicate.
- External relationships with a range of contacts within the allocated intermediaries and customers.
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Learning and innovating today, striving for sustainable societies and business tomorrow
At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.
Learn more about sustainability at Munich Re – choose your impact!
Benefits
- 25 days Annual Leave + Bank Holidays
- 10% Non-contributory Pension
- Eligibility for an Annual Bonus
- Private Medical + Dental Insurance
- Critical illness insurance + Life Assurance + Permanent Health Insurance
- Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
- Electric Vehicle Salary Sacrifice Scheme
- Study & continuing Professional Development Support
- Hybrid Working + IT Home Set-up Support
#BePresent #BeBold #BeCurious
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Underwriter (Cargo & Freight) employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter (Cargo & Freight)
✨Tip Number 1
Familiarise yourself with the latest trends in cargo and freight underwriting. Understanding the current market dynamics will not only help you during interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those involved in underwriting. Attend relevant events or join online forums to build connections that could provide insights or even referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed portfolios or developed relationships with intermediaries in the past. This will showcase your experience and ability to contribute to the company's objectives.
✨Tip Number 4
Research Munich Re Specialty's values and recent initiatives, especially around diversity, equity, and inclusion. Being able to align your personal values with theirs can make a strong impression during the interview process.
We think you need these skills to ace Underwriter (Cargo & Freight)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter position. Tailor your application to highlight relevant experience in underwriting, particularly in cargo and freight.
Highlight Relevant Experience: In your CV and cover letter, emphasise your extensive underwriting knowledge and any specific experiences that align with the job description. Mention your ability to handle end-to-end processes and develop strong relationships with intermediaries.
Showcase Your Skills: Demonstrate your technical underwriting expertise and decision-making abilities in your application. Provide examples of how you've successfully managed portfolios and contributed to business development in previous roles.
Personalise Your Cover Letter: Craft a personalised cover letter that reflects your understanding of Munich Re Specialty's values, especially their commitment to diversity, equity, and inclusion. Explain why you are a good fit for their team and how you can contribute to their long-term trading objectives.
How to prepare for a job interview at Munich Re
✨Showcase Your Underwriting Knowledge
Make sure to highlight your extensive underwriting knowledge during the interview. Be prepared to discuss specific examples of how you've successfully managed portfolios and made effective decisions in previous roles.
✨Demonstrate Relationship-Building Skills
Since the role involves developing strong relationships with intermediaries, come ready with examples of how you've built and maintained professional relationships in the past. This will show your ability to balance their needs with the company's objectives.
✨Prepare for Technical Questions
Expect technical questions related to underwriting processes and strategies. Brush up on your understanding of the local market and be ready to interpret management information effectively, as this is crucial for the role.
✨Emphasise Your Adaptability
The company values adaptability, so be sure to share instances where you've successfully adapted to changing circumstances or challenges in your previous roles. This will demonstrate your alignment with their culture of being present, bold, and curious.
