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- Tasks: Manage and negotiate insurance contracts while building strong client relationships.
- Company: Join a leading insurance expert with a culture of innovation and inclusivity.
- Benefits: Enjoy competitive salary, health perks, hybrid working, and professional development support.
- Why this job: Make an impact in the insurance industry while developing your career in a dynamic environment.
- Qualifications: Strong communication skills and a passion for building relationships are essential.
- Other info: Experience a warm culture with team events and opportunities for growth.
The predicted salary is between 500 - 1500 £ per month.
Munich Re Specialty North America is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd's Broker and a wholly owned subsidiary of Munich Re, giving us access to the expertise, products and risk appetite of one of the largest insurance groups in the world.
We are a responsible employer known for innovation and adding value in the insurance distribution chain. As a fully integrated part of Munich Re, we offer career development opportunities, an inclusive culture, and a broad range of benefits including health and wellbeing, hybrid working, financial wellness packages, and professional development.
The Role: Broker Based in London Offices
Purpose of the Position
To manage and negotiate new and renewal business with Lloyd's, London market companies, and clients. Responsibilities include producing presentation material, handling data and performance analysis, and developing business relationships.
Key Responsibilities
- Develop and maintain strong relationships with clients and markets.
- Manage end-to-end placement of assigned contracts, including preparing renewal presentations, monitoring US contract renewals for timely issuance, producing performance-related data and statistical analysis, completing broking documentation (broking checklist, business plan, market sheets, TCF forms), and clearing temp table transactions.
- Liaise with Claims and Underwriting (in-house and GLISE) to resolve queries.
- Handle new and renewal open market risks.
- Identify and develop new business opportunities.
- Support the data analytics team in enhancing reporting capabilities.
- Ensure data accuracy and completeness to support departmental needs.
- Assist the Chief Broking Officer and Head of Broking as needed.
- Contribute to team development and knowledge sharing.
Other Responsibilities
- Resolve internal and external queries proactively.
- Escalate complex issues to senior staff as appropriate.
- Participate in US travel and client visits as required.
- Engage with Continuous Conversations for performance and development.
- Set and work towards personal and professional development goals.
- Comply with all company policies and procedures.
Benefits
- Permanent position.
- Annual salary commensurate with experience and skills.
- Annual leave: 25 days per year plus bank holidays, increasing with length of service.
- Health & Wellbeing: private medical insurance for employees, partners and families, Digital GP service and an annual allowance for health and wellbeing activities.
- Hybrid and remote working: support to work from home up to three days per week.
- Flexible working hours.
- Professional Qualification Support: discretionary financial support for professional qualifications.
- Generous gender-neutral family leave policy: full pay for 26 weeks with 26 weeks' continuous service at expected week of childbirth.
- Team fun: warm and social culture with regular get-togethers.
We foster a culture of change, empathy, clear communication, and inclusive growth. We leverage digitisation to deliver innovative solutions and support your career journey. We value diversity and are committed to building an equitable and inclusive work environment.
We welcome applications from all backgrounds and are committed to supporting employees with diverse experiences and identities.
All candidates can request a reasonable adjustment at any point during the recruitment process. Request an adjustment by speaking to your Talent Acquisition contact.
Praktikum im Bereich Meteorologische Risiken (m/w/d)* in London employer: Munich Re Specialty - North America
Contact Detail:
Munich Re Specialty - North America Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Praktikum im Bereich Meteorologische Risiken (m/w/d)* in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your pitch! Be ready to explain why you're the perfect fit for the role and how your skills can benefit the company. Keep it concise and engaging – you want to leave a lasting impression!
✨Tip Number 4
Don't forget to follow up after interviews! A simple thank-you email can go a long way in showing your appreciation and keeping you top of mind. Plus, it’s a great opportunity to reiterate your enthusiasm for the position.
We think you need these skills to ace Praktikum im Bereich Meteorologische Risiken (m/w/d)* in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role you're applying for. Highlight relevant experience and skills that match the job description, especially in areas like data analysis and client relationship management.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about meteorological risks and how your background makes you a great fit for our team. Keep it engaging and personal.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that show how you've successfully managed projects or built relationships in a professional setting.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you receive updates directly from us!
How to prepare for a job interview at Munich Re Specialty - North America
✨Know Your Stuff
Before the interview, dive deep into the world of meteorological risks and insurance. Familiarise yourself with key terms and concepts that are relevant to the role. This will not only help you answer questions confidently but also show your genuine interest in the field.
✨Showcase Your Analytical Skills
Since the role involves data handling and performance analysis, be prepared to discuss your experience with data analytics. Bring examples of how you've used data to make decisions or improve processes in previous roles. This will demonstrate your ability to support the data analytics team effectively.
✨Build Rapport
During the interview, focus on building a connection with your interviewers. Ask insightful questions about their experiences at Munich Re and express your enthusiasm for developing strong relationships with clients and markets. This will highlight your interpersonal skills, which are crucial for the role.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of situations where you've had to manage complex issues or negotiate successfully. Practising these scenarios will help you articulate your thought process and showcase your readiness for the challenges of the role.
