At a Glance
- Tasks: Underwrite renewable energy accounts, focusing on solar, wind, and battery storage.
- Company: Join a forward-thinking company dedicated to sustainable energy solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Supportive team environment with a focus on innovation and continuous learning.
- Why this job: Make a real difference in the renewable energy sector while developing your career.
- Qualifications: Experience in renewable energy or insurance; engineering degree preferred but not essential.
The predicted salary is between 55000 - 65000 € per year.
The key role of the Underwriter is to underwrite for the Renewable Energy Account within the underwriting limits as set out in the underwriting authority sheet and ensure timely account servicing to Brokers and Clients with a primary focus on onshore Solar / Wind / Bess.
Responsibilities
- Assess, price, negotiate and underwrite for the Renewable Energy Account.
- Exercising judgement in all underwriting and remaining aware of own underwriting limits as set out in the Underwriting Authority sheet, all in accordance with the Syndicate Business Plan.
- Conduct and develop effective business relationships with brokers and clients with a view to both securing new business and retaining appropriate renewal business.
- Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
- Refer/liaise (when appropriate) to CUO and relevant internal department.
- Assist in the monitoring and development of underwriting tools and procedures.
- Provide support to junior members of the team and monitor their quality of work.
- Provide 1st level oversight and support to the administrative function of the Renewable Energy Account.
- Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
- 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.
- Ensure Renewable Energy Account conforms with the principles of Contract Certainty.
Knowledge and Skills
- Degree in engineering preferred but not mandatory.
- Sound technical understanding of current and future renewable energy technologies.
- At least 5 years of work experience in a relevant renewable energy industry and/or insurance role.
- Intermediate knowledge and understanding of: Underwriting Principles; Legal Principles; FCA and Lloyd’s rules and regulations including contract certainty issues; All company specific procedures that relate to own role.
- Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm.
- Develop and maintain market and risk awareness and willingness to continue to develop knowledge of products, underwriting and related issues through formal and informal learning, both internally and externally.
Equal Opportunity
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.
Green Solutions Underwriter employer: Munich Re Specialty - Global Markets, Syndicate
As a Green Solutions Underwriter, you will thrive in a dynamic and supportive work environment that prioritises innovation in the renewable energy sector. Our company fosters a culture of collaboration and continuous learning, offering ample opportunities for professional growth while making a meaningful impact on sustainable practices. Located in a vibrant area, we provide competitive benefits and a commitment to employee well-being, ensuring that you can excel both personally and professionally.
Contact Detail:
Munich Re Specialty - Global Markets, Syndicate Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Green Solutions Underwriter
✨Network Like a Pro
Get out there and connect with people in the renewable energy sector! Attend industry events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Knowledge
When you get the chance to chat with potential employers, make sure to highlight your understanding of renewable energy technologies and underwriting principles. Share insights or recent trends you've noticed – it shows you're engaged and knowledgeable!
✨Prepare for Interviews
Before any interview, do your homework! Know the company’s values, their approach to renewable energy, and be ready to discuss how your experience aligns with their goals. Practising common interview questions can also help you feel more confident.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly.
We think you need these skills to ace Green Solutions Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Green Solutions Underwriter role. Highlight your experience in renewable energy and underwriting, and don’t forget to mention any relevant qualifications or skills that match the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about renewable energy and how your background makes you a perfect fit for our team. Keep it concise but impactful!
Showcase Your Technical Knowledge:Since this role requires a sound understanding of renewable energy technologies, make sure to include any specific knowledge or experience you have in this area. We want to see your expertise shine through!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Munich Re Specialty - Global Markets, Syndicate
✨Know Your Renewable Energy Stuff
Make sure you brush up on your knowledge of renewable energy technologies, especially solar and wind. Being able to discuss current trends and future developments will show that you're not just familiar with the basics but are genuinely interested in the field.
✨Understand Underwriting Principles
Familiarise yourself with underwriting principles and the specific regulations that apply to the role. Be prepared to discuss how you would assess risks and price policies, as this will demonstrate your technical understanding and ability to make informed decisions.
✨Build Rapport with Brokers and Clients
Think about how you can establish effective business relationships with brokers and clients. Prepare examples from your past experiences where you've successfully negotiated or maintained relationships, as this is key to securing new business and retaining renewals.
✨Showcase Your Team Spirit
Since you'll be providing support to junior team members, be ready to talk about your experience in mentoring or leading a team. Highlight any instances where you've helped others improve their work quality, as this shows your commitment to teamwork and development.
