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- Tasks: Lead the UK Business Development team and shape innovative strategies for growth.
- Company: Join Munich Re, a global leader in reinsurance with a collaborative culture.
- Benefits: Enjoy competitive pay, generous leave, private medical insurance, and a strong pension plan.
- Why this job: Be part of a transformative journey in a dynamic market and make a real impact.
- Qualifications: Experience in business development and a strong understanding of the UK Protection market.
- Other info: Embrace diversity and inclusion while fostering a supportive team environment.
The predicted salary is between 43200 - 72000 ÂŁ per year.
About UK Life Branch:
With our head office in Munich, the UK Life Branch (UKLB) is based in 1 Fen Court, London. The UK life market is one of the, if not the, most competitive life markets in the world. Life insurers work in a dynamic market where medical advancements, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is further challenged by changing regulations and ever tougher competitive competition. With modest long-term growth, decreasing number of insurers, and an over supply of reinsurers, we need an effectively executed, smart strategy, in order to succeed.
Against this context, the UKLB has surpassed its 2025 ambition ahead of time. Fueled by our achievement, we have set our 2030 ambition and are already underway with creating the foundations to meet our future stretch targets. This is a unique and exciting time to be joining the UKLB and to lead the UK Business Development team at the start of our transformative journey on our continued growth story.
We are proud to work in collaboration with our clients and provide the financial strength of the world’s largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable.
About the role:
The Head of UK Business Development role is a pivotal and influential position within the UK Protection division. As part of the Protection Leadership Team, you will report to the Head of Protection on the UK ExCo. With a strong understanding of the UK advised Protection market, you will be responsible for shaping and delivering the new business strategy, identifying sustainable and profitable opportunities in line with agreed strategy and risk appetite.
In a market facing modest long-term growth, continued consolidation of insurers, and oversupply of reinsurers, this is a challenging and rewarding opportunity. Success will come from developing yourself and a diverse team of Business Developers, and from collaborating across disciplines — with actuaries, underwriters, claims specialists, and other experts. Progress will be achieved through collective effort, not individual contribution alone.
Key Responsibilities:
Business Management and Strategy
Team Leadership and Development
Operational Excellence and Communication
People and Culture
Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role.
Key Skills & Experience
Desired Qualifications and Educational Background
Regulatory & Conduct Requirements:
In addition to the responsibilities set out above, the Head of Business Development role will also become responsible for:
Benefits
You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers\’ contributory pension of 10%
We are one of the few employers to offer fully paid 6months family leave for times when you need it the most.
About us
You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning
You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders
We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn
You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions
We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged
At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want 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. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
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!
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
About Munich Re Follow Us
Head of Business Development employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Business Development
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common questions. We recommend using the STAR method to structure your answers. Show them how your experience aligns with their needs, and don’t forget to ask insightful questions to demonstrate your interest!
✨Follow Up
After your interview, send a thank-you email to express your appreciation for the opportunity. It’s a simple gesture that can set you apart from other candidates. We believe it shows your enthusiasm and professionalism!
✨Apply Through Our Website
When you find a role that excites you, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are genuinely interested in joining our team!
We think you need these skills to ace Head of Business Development
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to reflect the specific skills and experiences that align with the Head of Business Development role. Highlight your understanding of the UK advised Protection market and how your background fits into our ambitious goals.
Showcase Your Leadership Skills: We want to see how you've led teams in the past! Share examples of how you've motivated and developed your team, especially in challenging environments. This will help us understand your approach to fostering a collaborative and high-performing culture.
Be Clear and Concise: When writing your application, clarity is key. Use straightforward language and structure your thoughts logically. We appreciate well-organised content that makes it easy for us to see your qualifications and potential fit for the role.
Apply Through Our Website: Don't forget to submit your application through our website! This ensures that your application is processed correctly and gives you the best chance to be considered for this exciting opportunity with us at StudySmarter.
How to prepare for a job interview at Munich Re
✨Know Your Market
Before the interview, dive deep into the UK advised Protection market. Understand the current trends, challenges, and opportunities. This knowledge will not only impress your interviewers but also help you articulate how you can contribute to their ambitious 2030 goals.
✨Showcase Your Leadership Style
As a potential Head of Business Development, it's crucial to demonstrate your leadership approach. Prepare examples of how you've successfully led teams, fostered collaboration, and motivated others. Highlight your ability to create an inclusive culture that aligns with their values.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in complex situations. Think of specific scenarios where you've had to analyse risks and present solutions. Be ready to discuss how you would handle challenges in a competitive market like the UK life insurance sector.
✨Communicate Clearly and Authentically
Effective communication is key in this role. Practice articulating your thoughts clearly and confidently. Use examples from your past experiences to illustrate your points, and don’t forget to ask insightful questions about the company’s strategy and culture to show your genuine interest.
