At a Glance
- Tasks: Underwrite construction liability and develop innovative insurance solutions.
- Company: Join Munich Re, a diverse and inclusive employer committed to the LGBTQ+ community.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Exciting opportunities for growth and collaboration in a fast-paced environment.
- Why this job: Make an impact in the insurance industry while working with a dynamic team.
- Qualifications: Strong understanding of construction liability and excellent communication skills.
The predicted salary is between 60000 - 70089 £ per year.
This job is with Munich Re, an inclusive employer and a member of my Gwork – the largest global platform for the LGBTQ+ business community.
Please do not contact the recruiter directly.
Responsibilities
- Underwriting
- Contribute to development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability
- To underwrite new and renewal business in line with underwriting guidelines and appetite.
- Work with the intermediary/customer, undertake end-to-end handling of 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.
- Deal with complex accounts, ensuring tailored solutions and risk appropriate decisions.
- Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
- Undertake other duties as directed within the level of the job function.
- Strategic contributions
- Support the creation and implementation of underwriting strategy, forecasts and portfolio management required to achieve profitability and technical excellence.
- Identify, define and develop business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively.
- Assist in maintaining a balanced and high quality portfolio, optimising the use of information gathered.
- Technical expertise
- Deliver technical presentations where required.
- Act as a reference point for the allocated intermediary/customer or less experienced staff, so that a high level of customer service is delivered.
- Ensure the underwriting technical standards are maintained across the portfolio
- Intermediary and Customer management
- Work with the Underwriting team to develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company's trading objective in a way that will deliver profitable and balanced trading growth.
- Represent and promote Munich Re externally with intermediaries and customers.
- Knowledge and Skills
- High level of construction liability underwriting knowledge.
- Understanding of technical underwriting, philosophy and Company trading strategy.
- Ability to interpret and effectively use management information.
- Excellent communication skills.
- Knowledge of the local insurance market practices.
- Build internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department and the Syndicate.
- Develop external relationships with a range of contacts within the allocated intermediaries, customers and local market.
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!
Underwriter Level 1 - Construction Liability in Manchester employer: Munich Re
As a leading insurance provider in Greater London, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our employees benefit from comprehensive professional development opportunities, competitive remuneration, and a supportive environment that encourages growth and transformation. Join us to be part of a team that is dedicated to making a meaningful impact in the insurance industry while enjoying the vibrant lifestyle that Greater London has to offer.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter Level 1 - Construction Liability in Manchester
✨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 Underwriter Level 1 - Construction Liability in Manchester
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.
