At a Glance
- Tasks: Build and maintain strong relationships with key strategic brokers in the insurance market.
- Company: Join Munich Re, a leader in global insurance with a focus on innovation.
- Benefits: Enjoy 25 days annual leave, private medical insurance, and a hybrid working model.
- Why this job: Make a real impact in the insurance industry while developing your career.
- Qualifications: Experience in insurance markets and strong relationship management skills required.
- Other info: Diversity and inclusion are at our core; we support your growth and well-being.
The predicted salary is between 36000 - 60000 £ per year.
We are currently looking for a Strategic Relationship Manager to work with us on a full-time basis in the North East England, reporting into the Head of Strategic Relationships. You will promote the proposition of Munich Re Specialty – Global Markets UK, specifically MRSI UK to the UK Regional Market in line with the appetite of the Group to generate profitable premium growth. You will be responsible for maintaining and enhancing strong relationships with designated key strategic brokers. You will work alongside a range of key stakeholders within the business, including underwriting teams and other functional services across the business to enhance the management of our broking partners and improve overall efficiencies for the group.
Responsibilities:
- Maintain and enhance key strategic broker relationships across Munich Re Specialty – Global Markets, specifically MRSI UK within the UK Regional Market.
- Formalise a challenging but realistic growth strategy with key partners.
- Support the Head of Strategic Relationships with the management and administration of broker relationships, deals and agreements as designated.
- Act as key point of contact for colleagues of Munich Re Specialty – Global Markets, specifically MRSI UK into specific strategic brokers, becoming the focal point for query resolution.
- Provide clear and relevant presentations to key internal and external stakeholders as and when required.
- Explore and consider alternative strategic relationships within the UK Regional Market that will enhance profitable growth for Munich Re Specialty – Global Markets, specifically MRSI UK.
- Support underwriters in achieving growth objectives by providing sales and development support.
- Develop strong relationships with Munich Re Specialty – Global Markets, specifically MRSI UK & MRSG colleagues across a range of functions including but not limited to underwriting, underwriting management and finance.
- Utilising CRM capabilities and working alongside colleagues from a range of functions, you will monitor key broker performance metrics beyond income generation, looking to enhance or remediate where appropriate.
- Effectively generate and support cross‑selling opportunities between product lines.
- Articulate UK Regional Market broker information to the global distribution team of MRSG whilst also promoting global MRSG capabilities to broking partners, making introductions and connections where relevant.
- Maintain a comprehensive knowledge of insurance, competitor and industry activity and provide market feedback.
- Work within the framework of Munich Re ethical and service standards.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
Knowledge and Skills:
- Knowledge and experience of working in the Lloyd’s and company insurance markets.
- Industry knowledge of marine and specialty markets.
- Understanding of basic underwriting principles across marine and specialty markets.
- Exceptional organisational skills with a pragmatic and clear approach.
- Strong problem solving skills with the ability to take multiple stakeholders into consideration.
- Understanding of business planning and regulatory issues relevant to the London insurance market.
- Strong data analytics and ability to understand fundamental performance metrics.
- Experience of preparing and conducting presentations to a range of stakeholders including C‑Suite.
- Track record of strong broker relationship management.
- In depth knowledge of the UK Regional Market broking environment.
- Respected market profile.
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. 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.
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
Strategic Relationship Manager in Leeds employer: Münchener Rückversicherungs-Gesellschaft
Contact Detail:
Münchener Rückversicherungs-Gesellschaft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategic Relationship Manager in Leeds
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in the Lloyd’s and company insurance markets. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. Remember, it’s all about building those relationships!
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Munich Re and understand their market position, especially in marine and specialty markets. Be ready to discuss how you can enhance broker relationships and contribute to profitable growth.
✨Tip Number 3
Show off your presentation skills! Since you’ll need to present to various stakeholders, practice delivering clear and engaging presentations. Use real examples from your experience to demonstrate your ability to communicate effectively.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Munich Re. Don’t forget to tailor your application to highlight your strategic relationship management skills!
We think you need these skills to ace Strategic Relationship Manager in Leeds
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Strategic Relationship Manager role. Highlight your experience in managing broker relationships and any relevant industry knowledge that aligns with our needs at Munich Re Specialty.
Showcase Your Skills: Don’t forget to emphasise your organisational and problem-solving skills. We want to see how you can juggle multiple stakeholders and still deliver results, so give us examples of when you've done this successfully.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language and structure your thoughts logically. This will help us understand your qualifications and how you can contribute to our team.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Münchener Rückversicherungs-Gesellschaft
✨Know Your Market
Before the interview, dive deep into the UK Regional Market and understand the key players, trends, and challenges. This knowledge will not only impress your interviewers but also help you articulate how you can enhance relationships with strategic brokers.
✨Showcase Your Relationship Skills
Prepare examples of how you've successfully managed broker relationships in the past. Be ready to discuss specific strategies you've used to maintain and enhance these relationships, as this role heavily relies on strong interpersonal skills.
✨Be Data Savvy
Brush up on your data analytics skills. Be prepared to discuss how you've used performance metrics to drive decisions in previous roles. Highlighting your ability to monitor and improve broker performance will set you apart from other candidates.
✨Practice Your Presentation Skills
Since you'll need to present to various stakeholders, practice delivering clear and engaging presentations. Consider using real-life scenarios or case studies to demonstrate your points, making sure to convey your understanding of underwriting principles and market dynamics.