Senior Property Underwriter in Manchester

Join to apply for the Senior Property Underwriter role at Munich Re Specialty - Global Markets, UK. We are currently looking for an Underwriter (level 1) to work on a full-time basis in either our Manchester or Birmingham office, reporting into the P&C Underwriting Manager.

Responsibilities

• Lead underwriting activities for designated intermediaries and customers.
• Achieve and maintain a profitable, well-balanced and growing portfolio to meet the company’s long-term trading objectives.
• Represent and promote Munich Re to external intermediaries and internal stakeholders.
• Provide technical underwriting expertise and guidance to less experienced underwriting staff.

Underwriting

• Underwrite new and renewal business in line with underwriting guidelines and appetite.
• Work with the intermediary/customer to handle cases for the allocated portfolio and deliver agreed joint business development plans.
• Make effective on-site decisions within delegated authority to complete work efficiently.
• Deal with complex multinational accounts, ensuring tailored solutions and risk-appropriate decisions.
• Plan and process own work to assist the team in meeting customer service and credit control targets.
• Undertake other duties as directed within the level of the job function.

Strategic Contributions

• Support the creation and implementation of underwriting strategy, forecasts and portfolio management to achieve profitability and technical excellence.
• Identify, define and develop business opportunities, seeking input from other staff where appropriate, to ensure swift and effective business proposals.
• Assist in maintaining a balanced and high-quality portfolio, optimising the use of gathered information.

Technical Expertise

• Deliver technical presentations where required.
• Act as a reference point for the allocated intermediary/customer or less experienced staff, ensuring a high level of customer service.

Intermediary and Customer Management

• Develop strong relationships with allocated intermediaries, balancing their needs with the company’s trading objectives to deliver profitable and balanced trading growth.
• Represent and promote Munich Re externally with intermediaries and customers.

Conduct

• Help drive forward good conduct for the business to deliver the best outcomes for customers and 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.

Knowledge and Skills

• High level of Property underwriting knowledge.
• Understanding of technical underwriting philosophy and company trading strategy.
• Ability to interpret and effectively use management information.
• Excellent communication skills.
• Knowledge of local insurance market practices.
• Build internal relationships with line-of-business managers, team members, underwriters, the claims department and the syndicate.
• Develop external relationships with contacts within allocated intermediaries, customers and the local market.

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity and Inclusion foster innovation and resilience. We recognise diversity can be multi-dimensional and complex, so we work 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. We are committed to building an equitable and inclusive environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. All candidates can request a reasonable adjustment at any point in our recruitment process.

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