At a Glance
- Tasks: Underwrite complex surety risks and develop the surety business in the DACH region.
- Company: Join Munich Re, a leader in the insurance industry with a global presence.
- Benefits: Competitive salary, professional development, and opportunities for international travel.
- Other info: Opportunity to work in a diverse environment with excellent career growth.
- Why this job: Make an impact in a dynamic market while working with a collaborative team.
- Qualifications: 5-8 years of experience in surety underwriting and strong communication skills.
The predicted salary is between 70000 - 90000 £ per year.
Munich Re Specialty – Global Markets (MRS‑GM) is looking for a Senior Surety Underwriter in Germany to support the development and growth of our surety business in the DACH region. The role involves underwriting complex surety risks, portfolio development, and representing Munich Re in the market.
Responsibilities
- Originate and underwrite complex surety risks, including credit assessments, deal structuring, and risk analysis, in line with Munich Re’s guidelines.
- Support restructuring and claims cases in collaboration with internal and external stakeholders.
- Monitor portfolio performance, ensuring underwriting discipline and compliance.
- Execute the regional strategy and contribute to business growth in the DACH markets, taking ownership of assigned transactions.
- Independently manage international bonding transactions, ensuring alignment with underwriting standards.
- Represent Munich Re in the market, fostering strong relationships with brokers, clients, and industry stakeholders.
- Identify market trends, opportunities, and risks to inform underwriting decisions.
- Conduct independent reviews of contract and bond wordings to ensure compliance with internal guidelines.
- Approve transactions within delegated underwriting authority or prepare referrals for higher‑level approval when required.
Collaboration & Execution
- Work closely with the Lead Underwriter and cross‑functional teams including claims, legal, compliance, and finance.
- Support internal training initiatives and knowledge sharing across the organization.
- Demonstrate a hands‑on mentality and willingness to go above and beyond during the ramp‑up phase.
- Contribute to special projects as required.
Knowledge and Skills
- Minimum 5–8 years of experience in surety underwriting, credit insurance, or banking.
- University graduate or equivalent education.
- In‑depth knowledge of surety products, financial analysis, and risk assessment.
- Proven track record in originating, structuring, and underwriting surety transactions.
- Understanding of financial markets, credit risk, and capital instruments.
- Entrepreneurial mindset with the ability to develop bespoke solutions for complex client needs.
- Hands‑on, proactive mindset with the ability to work independently and collaboratively.
- Excellent communication, negotiation, and stakeholder management skills.
- Fluency in English and German; additional European languages (e.g., Spanish, Italian) are a plus.
- Willingness to travel and experience working in cross‑cultural environments.
Senior Surety Underwriter Germany (m/f/d)* in London employer: Munich Re Specialty - Global Markets, UK
Munich Re Specialty – Global Markets is an exceptional employer, offering a dynamic work environment in the heart of Germany. With a strong focus on employee development and collaboration, we provide ample opportunities for growth within the surety underwriting field. Our culture promotes innovation and teamwork, ensuring that every team member can contribute meaningfully to our success while enjoying the benefits of working in a leading global company.
Contact Details:
Munich Re Specialty - Global Markets, UK Recruitment Team
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