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- Tasks: Analyse and optimise underwriting performance while collaborating with diverse teams.
- Company: Join Munich Re, a leader in specialty insurance with a bold and curious culture.
- Benefits: Competitive salary, inclusive environment, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Degree in a quantitative field; experience in managing underwriting portfolios preferred.
- Other info: Diverse and inclusive workplace with a commitment to sustainability and community engagement.
The predicted salary is between 54000 - 84000 ÂŁ per year.
Join to apply for the Underwriting Oversight Portfolio Manager role at Munich Re Specialty â Global Markets, UK. At Munich Re Specialty â Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider for the London market, underpinned by an effective and adaptable strategy and superior products, supported by an environment that encourages people to be present, bold and curious.
Portfolio Oversight & Performance Management
- Analyse underwriting performance across classes and segments, identifying trends and key levers for maintaining or improving profitability.
- Monitor performance against plan, providing regular reporting and commentary on key outliers.
- Develop and maintain realâtime performance and analysis dashboards to support decision making at class and portfolio levels.
- Support regular performance reviews, ensuring ongoing alignment between underwriting strategy and portfolio outcomes.
Strategic Portfolio Optimisation
- Partner with underwriting teams to challenge and refine business mix, line size, and risk appetite to optimise capital utilisation and return on capital.
- Assess the impact of new business opportunities, product development, and market changes on portfolio composition and profitability.
- Provide insight into portfolio diversification, aggregation, and reinsurance strategy considerations.
Governance & Frameworks
- Contribute to the development and maintenance of portfolio management frameworks, ensuring consistency, transparency, and alignment with group and Lloyd's requirements.
- Ensure all portfolio analyses and recommendations are underpinned by sound methodology and comply with internal governance standards.
- Communicate key dependencies, limitations and findings clearly to stakeholders.
Collaboration & Stakeholder Engagement
- Work closely with Senior Underwriters, Oversight, Actuarial, Risk, Exposure management, Claims, Finance, and Operations to deliver wellârounded portfolio insights.
- Present findings and recommendations to senior management and relevant committees.
- Effectively manage the Performance Management analysts, supporting their development.
- Support the objectives and aspirations of the Underwriting Oversight team and Business Management function.
Knowledge and Skills
- Degree in a quantitative or businessârelated field; progress towards ACII, FIA, or CFA qualification advantageous.
- Comprehensive understanding of London market practices and risk environment.
- Proven experience in reviewing, analysing and managing underwriting portfolios.
- Strong understanding of underwriting principles, insurance financials and KPIs.
- Comprehensive understanding of cycle management and the key levers for improvement.
- Understanding of business strategy, planning and key support functions across insurance.
- Effective people management skills.
- Strong experience in dealing with key stakeholders.
- Commercial acumen and ability to challenge constructively within a highâperformance underwriting environment.
- Ideally experience in multiple specialty lines of insurance.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don't meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for.
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity and Inclusion foster innovation and resilience. We recognise diversity can be multiâdimensional, intersectional and complex, and we are committed to building a workforce that reflects a wide range of backgrounds and identities. 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
At Munich Re Specialty â Global Markets, our approach to ESG is underpinned by our desire to seize business opportunities and nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics, supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Learn more about sustainability at Munich Re â choose your impact!
Head of Commercial Claims, Europe in London employer: Munich Re Specialty - Global Markets, UK
Contact Detail:
Munich Re Specialty - Global Markets, UK Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Head of Commercial Claims, Europe in London
â¨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Munich Re. A friendly chat can open doors that a CV just can't.
â¨Tip Number 2
Prepare for interviews by knowing your stuff. Dive deep into Munich Re's values and recent projects. Show them youâre not just another candidate, but someone who truly gets their mission.
â¨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Head of Commercial Claims. Keep it concise and impactful â they want to see your passion!
â¨Tip Number 4
Donât forget to apply through our website! Itâs the best way to ensure your application gets noticed. Plus, it shows youâre serious about joining the team.
We think you need these skills to ace Head of Commercial Claims, Europe in London
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV is tailored to the Head of Commercial Claims role. Highlight relevant experience and skills that align with the job description, especially in underwriting performance and portfolio management.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've successfully managed underwriting portfolios or collaborated with stakeholders in the past.
Showcase Your Analytical Skills: Since the role involves analysing underwriting performance, be sure to mention any tools or methodologies youâve used for data analysis. We love candidates who can demonstrate their analytical prowess!
Apply Through Our Website: We encourage you to apply directly through our website. Itâs the best way to ensure your application gets into the right hands and shows us youâre serious about joining our team!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
â¨Know Your Numbers
As a Head of Commercial Claims, you'll need to demonstrate your understanding of underwriting performance metrics. Brush up on key KPIs and be ready to discuss how you've used data to drive decisions in previous roles.
â¨Showcase Your Strategic Mindset
This role requires strategic portfolio optimisation. Prepare examples of how you've successfully challenged business mixes or capital utilisation in the past. Highlight your ability to assess new opportunities and their impact on profitability.
â¨Engage with Stakeholders
Collaboration is key in this position. Think of instances where you've worked closely with various teams like Underwriting, Actuarial, or Finance. Be ready to discuss how you communicated insights and recommendations effectively to senior management.
â¨Emphasise Your People Management Skills
You'll be managing Performance Management analysts, so it's crucial to showcase your leadership experience. Prepare to talk about how you've supported team development and fostered a high-performance culture in your previous roles.