Senior Underwriter (Permanent) in London

London, England, United KingdomCategory: Claims & UnderwritingCompany: Munich ReTogether, we engage with everything we have and are, to help humankind act braver and better. Munich Re's large, international network of experts places us in a strong position to develop solutions for highly complex risks. The sectors we serve and the solutions we offer are diverse, but they all share one thing in common: the substantial financial foundation of Munich Re. The industrial insurance arm of Munich Re Group, which means our clients are multinational corporations. We write both traditional and non-traditional insurances through 6 lines of business; namely, Property, Energy, Casualty, Engineering, Cyber and what we term Special Enterprise Risks. We overlay these underwriting activities with support from our Client Management and Claims & Operations units. Therefore, we also need to be global, and we do this by positioning staff in strategic markets and locations as well as travelling to meet clients. You will work in the London office and write large and complex risks across all general property industry segments, with particular focus on the existing and upcoming facultative facilities and Nat Cat exposure. This is an INTERNAL ROLE only, which would either be a rotation (2+2) or with a view to a permanent role. Underwriting, e.g. assessment and pricing of risks and exposures, analysis of policy wordings and R/I certificates etc., of complex property risks in line with given authorities and guidelinesOptimizing, developing and maintaining a profitable portfolio including consideration of accumulation on a per risk and portfolio basisEstablishing, expanding and maintaining client and broker business relationships including client/broker visitsContributing to the development of underwriting and portfolio strategies including proactive implementationWorking on market, industry and portfolio analysesIdentifying new trends for specific industries and client needs, providing ideas to generate new business opportunities and productsParticipating in and driving initiatives, working groups and projectsEnsuring a collaborative, transparent and productive cooperation with relevant interfaces and stakeholders throughout all divisions and regionsCompetencies: Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation's performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement. Collaboration (we lead the 'we') – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction. Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions. Experience in underwriting facultative property and a good knowledge of the relevant markets, key occupancies and perilsProfound knowledge and experience in the application of all relevant Munich Re underwriting and reporting tools as well as underwriting guidelinesParticular experience in managing facultative facilities. High affinity towards IT, i.e. digitalization and automationVery customer-focused with excellent communication, negotiation and presentation skills, ability to build strong relationships with clients and brokersStrongly committed and motivated team player with the ability to work independently and cross-functionally with a diverse group of stakeholdersExcellent networking and intercultural skillsExcellent analytical and conceptual, problem solving and solution-oriented skills, open-minded thinking and very good decision-making capabilitiesWillingness to travelExcellent spoken and written English is essentialDesired Qualifications and Educational Background: CII or equivalent desirableThought Leaders: You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. Regulatory & Conduct Requirements: Ensure compliance with Insurance Distribution Directive Satisfying all regulatory reporting requirements in collaboration with the reporting functionEnsuring compliance with Munich Re's Code of Conduct and the FCA Conduct RulesBenefitsYou 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. We inspire people to be capable of joint performance. 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; 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. You can request an adjustment by speaking to your Talent Acquisition contact.