At a Glance
- Tasks: Underwrite construction liability and develop innovative insurance solutions.
- Company: Join Munich Re, a leader in engineering and construction insurance.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity to build relationships and advance your career in a global company.
- Why this job: Make impactful decisions in a dynamic industry while growing your expertise.
- Qualifications: Strong knowledge of construction liability underwriting and excellent communication skills.
The predicted salary is between 30000 - 40000 £ per year.
Responsibilities
- Underwriting
- Contribute to development and promotion of Munich Re Engineering and Construction productswith 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.
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Underwriter Level 1 - Engineering 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.
We think you need these skills to ace Underwriter Level 1 - Engineering Liability in Manchester
Underwriting Knowledge
Construction Liability Expertise
Technical Underwriting
Portfolio Management
Business Development
Customer Service Skills
Communication Skills
