At a Glance
- 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 growing your career in a dynamic environment.
- Qualifications: Strong communication skills and a passion for client relations are essential.
- Other info: Be part of a diverse team that values empathy and clear communication.
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.
Why Join Us? 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.
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.
About Us 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.
Equal Opportunity Employer We welcome applications from all backgrounds and are committed to supporting employees with diverse experiences and identities.
Application Process All candidates can request a reasonable adjustment at any point during the recruitment process. Request an adjustment by speaking to your Talent Acquisition contact.
Seniority level Mid-Senior level
Employment type Full-time
Job function Customer Service
Industry Insurance
Praktikum im Bereich Meteorologische Risiken (m/w/d)* 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)*
✨Tip Number 1
Networking is key! Reach out to professionals in the insurance industry, especially those connected to Munich Re. Attend events or webinars where you can meet potential colleagues and learn more about the company culture.
✨Tip Number 2
Prepare for interviews by researching common questions related to meteorological risks and the insurance market. We recommend practising your answers with a friend or using mock interview tools to boost your confidence.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've handled data analysis in past roles. Highlight any experience with performance-related data, as this will resonate well with the role's responsibilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows your enthusiasm for joining our team at Munich Re.
We think you need these skills to ace Praktikum im Bereich Meteorologische Risiken (m/w/d)*
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 the role and how your background makes you a great fit. Don’t forget to mention your interest in meteorological risks!
Showcase Your Skills: In your application, be sure to showcase any specific skills that relate to the responsibilities listed, like performance analysis or broking documentation. We love seeing candidates who can demonstrate their expertise!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates 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 company’s background and its role in the insurance market. Familiarise yourself with Munich Re's innovative solutions and how they connect with clients. This will show your genuine interest and help you answer questions more confidently.
✨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 drive decisions or improve processes in previous roles. This will highlight your suitability for the position.
✨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 client relationships. This can set you apart as a candidate who values teamwork and collaboration.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and ability to handle complex situations. Think of examples from your past where you successfully managed challenges, especially in client interactions or data management. This will demonstrate your readiness for the role.