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- Tasks: Manage a diverse portfolio and provide expert underwriting guidance.
- Company: Join Munich Re, a leader in specialty insurance with a supportive culture.
- Benefits: Enjoy 25 days leave, private medical insurance, and a non-contributory pension.
- Why this job: Make an impact in a dynamic environment while developing your skills.
- Qualifications: Strong underwriting knowledge and excellent communication skills required.
- Other info: Embrace diversity and innovation in a hybrid working model.
The predicted salary is between 36000 - 60000 £ per year.
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.
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. You will 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.
- 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
Underwriter in Leeds employer: Münchener Rückversicherungs-Gesellschaft
Contact Detail:
Münchener Rückversicherungs-Gesellschaft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter in Leeds
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Munich Re through LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by understanding their culture. Munich Re values being present, bold, and curious, so think of examples from your past that showcase these traits. Show them you fit right in!
✨Tip Number 3
Practice your technical knowledge! Brush up on underwriting principles and be ready to discuss how you can contribute to a profitable portfolio. Confidence in your expertise will impress the hiring team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the team at Munich Re.
We think you need these skills to ace Underwriter in Leeds
Some tips for your application 🫡
Show Your Underwriting Skills: Make sure to highlight your underwriting knowledge and experience in your application. We want to see how you can bring your expertise to our team and help us achieve our trading objectives.
Tailor Your Application: Don’t just send a generic CV and cover letter! Tailor your application to reflect the specific requirements of the Underwriter role. Mention how your skills align with our company’s strategy and values.
Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate well-structured applications that make it easy for us to see your qualifications and fit for the role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the info you need about us there!
How to prepare for a job interview at Münchener Rückversicherungs-Gesellschaft
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge before the interview. Understand the technical aspects and the company's trading strategy, as this will help you answer questions confidently and demonstrate your expertise.
✨Showcase Your Communication Skills
Since excellent communication is key in this role, prepare to discuss how you've effectively communicated with intermediaries and customers in the past. Think of specific examples where your communication made a difference in achieving business objectives.
✨Build Relationships
Be ready to talk about how you develop strong relationships with intermediaries. Highlight any experiences where you balanced their needs with company goals, as this shows you understand the importance of collaboration in underwriting.
✨Embrace Diversity and Inclusion
Familiarise yourself with the company's commitment to diversity, equity, and inclusion. Be prepared to discuss how you can contribute to a diverse workforce and create an inclusive environment, as this aligns with their core values.
