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For Companies At a Glance
- Tasks: Manage a profitable portfolio and build strong relationships with intermediaries.
- Company: Join Munich Re, a leader in specialty insurance with a supportive culture.
- Benefits: Enjoy 25 days leave, private medical insurance, and hybrid working options.
- Why this job: Make an impact in a dynamic environment while developing your career.
- Qualifications: Strong communication skills and a passion for customer service.
- Other info: Diversity and inclusion are at the heart of our workplace culture.
The predicted salary is between 36000 - 60000 £ per year.
About us At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals. Please see our website for more information.
We are currently looking for a junior Underwriter to be based in our Leeds office on a full-time basis, reporting into the Underwriter & Team Leader. You will achieve and maintain a profitable, well-balanced and growing portfolio with allocated intermediaries and customers to assist in meeting long-term trading objectives of the Company.
Responsibilities
- Working on site with intermediary/customers, undertaking end-to-end handling of straightforward cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company’s overall trading strategy.
- Make effective on-site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
- Working with the Cargo and Freight Underwriting Manager, and the underwriting team, develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company’s trading objectives in a way that will deliver profitable and balanced training growth.
- Plan and process own work so that the relevant part of the team’s workload is handled efficiently and effectively.
- Make a positive input into the team’s effectiveness, suggesting ways in which work systems and processes can be amended and improved.
- Respond to and take ownership of customer enquiries and allocated mail.
- Identify, define and close business opportunities, seeking the input of other members of staff.
- Act as a reference point on all issues for the allocated intermediary/customer referring complex issues where necessary, so that a high level of customer service is delivered.
- Ensure open communication and collaboration across all lines of business and the sales and development function.
- Undertake other duties as directed within the level of the job function.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers/policyholders.
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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. 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.
Learning and innovating today, striving for sustainable societies and business tomorrow
At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Learn more about sustainability at Munich Re – choose your impact!
Benefits
- 25 days Annual Leave + Bank Holidays
- 10% Non-contributory Pension
- Eligibility for an Annual Bonus
- Private Medical + Dental Insurance
- Critical illness insurance + Life Assurance + Permanent Health Insurance
- Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
- Electric Vehicle Salary Sacrifice Scheme
- Study & continuing Professional Development Support
- Hybrid Working + IT Home Set-up Support
Underwriter Level 3 in Leeds employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter Level 3 in Leeds
✨Tip Number 1
Get to know the company inside out! Before your interview, dive into Munich Re's values and culture. This will help you connect your skills with their mission and show that you're genuinely interested in being part of their team.
✨Tip Number 2
Network like a pro! Reach out to current employees on LinkedIn or attend industry events. Building relationships can give you insider info and might even lead to a referral, which is always a bonus!
✨Tip Number 3
Prepare for situational questions! Think about how you've handled challenges in the past, especially those related to customer service and decision-making. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Tip Number 4
Don't forget to follow up! After your interview, send a thank-you email expressing your appreciation for the opportunity. It shows professionalism and keeps you fresh in their minds as they make their decision.
We think you need these skills to ace Underwriter Level 3 in Leeds
Some tips for your application 🫡
Show Your Curiosity: When writing your application, let your curiosity shine through! Mention specific aspects of the role or company that intrigue you and how they align with your career goals. We love candidates who are eager to learn and grow.
Be Bold in Your Achievements: Don’t shy away from showcasing your accomplishments! Use clear examples to demonstrate how you've successfully handled similar responsibilities in the past. We appreciate boldness and want to see how you can contribute to our team.
Tailor Your Application: Make sure to tailor your application to the Underwriter Level 3 role. Highlight relevant skills and experiences that match the job description. This shows us that you’ve done your homework and are genuinely interested in joining our team.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. 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 us!
How to prepare for a job interview at Munich Re
✨Know Your Stuff
Before the interview, make sure you understand the basics of underwriting and the specific responsibilities of an Underwriter Level 3. Familiarise yourself with Munich Re's values and how they align with your own. This will help you demonstrate your enthusiasm and fit for the role.
✨Showcase Your Relationship Skills
Since building strong relationships with intermediaries is key, prepare examples from your past experiences where you've successfully managed client relationships or resolved conflicts. Highlight your ability to balance customer needs with company objectives.
✨Be Ready to Discuss Improvements
Think about ways you could enhance work systems and processes in underwriting. Be prepared to share your ideas during the interview, as this shows initiative and a proactive mindset, which are highly valued at Munich Re.
✨Embrace Diversity and Inclusion
Familiarise yourself with Munich Re's commitment to diversity, equity, and inclusion. Be ready to discuss how you can contribute to a diverse workforce and create an inclusive environment. This will show that you resonate with their culture and values.
