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- Tasks: Underwrite for Renewable Energy projects, focusing on Solar and Wind.
- Company: Join a leading firm in sustainable energy solutions.
- Benefits: Competitive salary, flexible working options, and growth opportunities.
- Other info: Supportive team environment with mentorship for junior members.
- Why this job: Make a positive impact on the environment while developing your career.
- Qualifications: Knowledge of underwriting principles and strong communication skills.
The predicted salary is between 45000 - 55000 £ per year.
The key role of the Underwriter is to 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 / Bess.
Provide 1st level monitoring and oversight for administrative process aspects of the account, at all times demonstrating care for customers and respect for the regulatory obligations and reputation of the Syndicate.
Responsibilities- Assess, price, negotiate and underwrite for the Renewable Energy Account.
- Exercising judgement in all underwriting and remaining aware of own underwriting limits as set out in the Underwriting Authority sheet, all in accordance with the Syndicate Business Plan.
- Conduct and develop effective business relationships with brokers and clients with a view to both securing new business and retaining appropriate renewal business.
- Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
- Refer/liaise (when appropriate) to CUO and relevant internal department.
- Assist in the monitoring and development of underwriting tools and procedures.
- Provide support to junior members of the team and monitor their quality of work.
- Provide 1st level oversight and support to the administrative function of the Renewable Energy Account as follows:
- S2000 / EDOC data Entry Process (ensure timeliness and accuracy of data entered by UAs and refine process as required).
- Credit Control Process (to coordinate with credit control and follow up with broker).
- CAT monitoring (ensure timeliness and accuracy of data entered by UAs).
- Benchmark Rating Adequacy Process (ensure timeliness and accuracy of data entered by UAs).
- Monitor exception reports and take relevant action plans to escalate to seniors and rectify with relevant underwriter / UAs.
- Intermediate knowledge and understanding of:
- Underwriting Principles
- Legal Principles
- FCA and Lloyd’s rules and regulations including contract certainty issues
- All company specific procedures that relate to own role
Green Solutions Underwriter employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Green Solutions Underwriter
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or at events. We can’t stress enough how important it is to build relationships with brokers and clients – it’s all about who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Make sure you can discuss the Renewable Energy Account confidently. We recommend practising common interview questions and having examples ready that showcase your skills.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. We believe it’s a great way to keep yourself top of mind for the hiring team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re always looking for passionate individuals who are keen to make a difference in the renewable energy sector.
We think you need these skills to ace Green Solutions Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Green Solutions Underwriter role. Highlight your experience with renewable energy, underwriting principles, and any relevant legal knowledge. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about renewable energy and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Showcase Your Relationship-Building Skills: In this role, building relationships with brokers and clients is key. Share examples in your application of how you've successfully developed business relationships in the past. We’re all about collaboration here at StudySmarter!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do!
How to prepare for a job interview at Munich Re
✨Know Your Underwriting Limits
Before the interview, make sure you fully understand the underwriting limits as outlined in the authority sheet. Be prepared to discuss how you would exercise judgement within these limits while assessing and pricing for the Renewable Energy Account.
✨Showcase Your Relationship-Building Skills
Since developing effective business relationships with brokers and clients is key, think of examples from your past experiences where you've successfully secured new business or retained renewals. Highlight your communication skills and how you maintain those relationships.
✨Familiarise Yourself with Compliance
Brush up on FCA and Lloyd’s rules and regulations, especially around contract certainty. Be ready to explain how you ensure compliance in your work and how you would handle any potential risks that may arise in the role.
✨Demonstrate Your Team Support Skills
As a Green Solutions Underwriter, you'll be expected to support junior team members. Think about how you've mentored others in the past and be ready to share specific examples of how you monitor quality and provide constructive feedback.