At a Glance
- Tasks: Underwrite renewable energy accounts and build strong relationships with brokers and clients.
- Company: Join a forward-thinking company focused on sustainable energy solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Supportive team environment with a focus on continuous learning and development.
- Why this job: Make a real difference in the renewable energy sector while developing your career.
- Qualifications: Experience in renewable energy or insurance; engineering degree preferred but not essential.
The predicted salary is between 60000 - 75000 £ per year.
The Green Solutions Underwriter will underwrite for the Renewable Energy Account within the underwriting limits as set out in the underwriting authority sheet and ensure timely account servicing to Brokers and Clients with a primary focus on onshore Solar, Wind, and BESS.
Provide 1st level monitoring and oversight for the administrative process aspects of the account, demonstrating care for customers and respect for regulatory obligations and the reputation of the Syndicate.
Responsibilities- Assess, price, negotiate, and underwrite for the Renewable Energy Account.
- Exercise judgement in all underwriting and remain aware of own underwriting limits as set out in the Underwriting Authority sheet, in accordance with the Syndicate Business Plan.
- Conduct and develop effective business relationships with brokers and clients to secure new business and retain appropriate renewal business.
- Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
- Refer or liaise (when appropriate) to the CUO and relevant internal departments.
- Assist in the monitoring and development of underwriting tools and procedures.
- Provide support to junior team members and monitor their quality of work.
- Oversee administrative functions of the Renewable Energy Account, including S2000/EDOC data entry, credit control, CAT monitoring, and benchmark rating adequacy processes.
- Monitor exception reports and take relevant actions, escalating to seniors and rectifying with underwriters or UAs as needed.
- Identify potential risks within the role and the controls in place, reporting significant changes or control effectiveness to the line manager.
- Understand the lines of escalation and responsibilities of the PCRSG, UCSC, ExCo, and Board for Conduct Risk.
- Ensure the Renewable Energy Account conforms with the principles of contract certainty.
- Degree in engineering preferred but not mandatory.
- Sound technical understanding of current and future renewable energy technologies.
- At least 5 years of work experience in a relevant renewable energy industry and/or insurance role.
- Intermediate knowledge and understanding of Underwriting Principles; Legal Principles; FCA and Lloyd’s rules and regulations including contract certainty issues; and all company-specific procedures that relate to the role.
- Demonstrate clear understanding of colleagues’ roles and how they relate to the firm's structure and business plans; maintain market and risk awareness and continuously develop knowledge of products, underwriting, and related issues through formal and informal learning.
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!
Green Solutions Underwriter in City of Westminster employer: Munich Re
As a Green Solutions Underwriter, you will join a forward-thinking company that prioritises sustainability and innovation in the renewable energy sector. Our collaborative work culture fosters professional growth, offering extensive training and mentorship opportunities to enhance your skills while making a meaningful impact on the environment. Located in a vibrant area, we provide a supportive atmosphere where your contributions are valued, and you can thrive in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Green Solutions Underwriter in City of Westminster
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Munich Re). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Munich Re. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Green Solutions Underwriter in City of Westminster
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Munich Re.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Munich Re. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Munich Re
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Munich Re to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Munich Re, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Munich Re's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
