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For Companies At a Glance
- Tasks: Manage a diverse portfolio, build relationships, and drive business growth in the insurance sector.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance with a supportive culture.
- Benefits: Enjoy perks like critical illness insurance, wellbeing schemes, and support for professional development.
- Why this job: Be part of a dynamic team that values curiosity and boldness while making a social impact.
- Qualifications: Extensive marine underwriting knowledge and strong relationship-building skills are essential.
- Other info: Diversity and inclusion are at our core; we celebrate all backgrounds and offer equal opportunities.
The predicted salary is between 48000 - 72000 £ 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.
We are currently looking for an Underwriter to be based in our Manchester office on a full-time basis, reporting into the Underwriter & Team Leader.
Your role is to achieve and maintain a profitable, well-balanced, and growing portfolio with allocated intermediaries and customers to assist in meeting the long-term trading objectives of the Company.
Provide technical underwriting expertise and guidance to less experienced underwriting staff.
Responsibilities:
- Work with the intermediary/customer, undertaking 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 to ensure work is completed efficiently.
- Develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company’s trading objectives to deliver profitable and balanced growth.
- Plan and process your work to help the team meet its customer service and credit control targets.
- Identify, define, and close business opportunities, seeking input from other staff when appropriate, to ensure swift and effective business proposals that secure business for the Company.
- Serve as a reference point on all issues for the allocated intermediary/customer or less experienced staff to ensure high customer service levels.
- Assist in maintaining a balanced, high-quality portfolio by optimising the use of gathered information.
- Undertake other duties as directed within the scope of the job function.
Knowledge and Skills
- High level of underwriting knowledge within Marine Trade.
- Understanding of technical underwriting, philosophy, and Company trading strategy.
- Ability to interpret and effectively use management information.
- Knowledge of the local market.
- Internal relationships with Executive Directors, Line of Business Managers, team members, Underwriters, the Claims Department, and the Syndicate.
- External relationships with contacts within the allocated intermediaries and customers.
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognize that diversity can be multi-dimensional, intersectional, and complex. We aim to build a diverse workforce that includes various racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. We are committed to creating an equitable and inclusive work environment where this diversity is celebrated, valued, and provides equitable opportunities to succeed.
Candidates can request reasonable adjustments at any stage of our recruitment process by contacting your Talent Acquisition representative.
Our Commitment to Sustainability and Development
Our ESG strategy is designed to seize business opportunities and foster an inclusive, stimulating work environment. We support local initiatives and offer volunteering opportunities for colleagues, focusing on environmental, social, and governance topics, including:
- Critical illness insurance, Life Assurance, Permanent Health Insurance
- Wellbeing and Development Scheme, EAP, Health Assessments (subject to eligibility)
- Electric Vehicle Salary Sacrifice Scheme
- Support for Study & Continuing Professional Development
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Senior Cargo & Freight Underwriter employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cargo & Freight Underwriter
✨Tip Number 1
Network with professionals in the marine trade and underwriting sectors. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends, which can give you an edge during interviews.
✨Tip Number 2
Familiarise yourself with Munich Re's values and culture. Understanding their commitment to diversity, equity, and inclusion will help you align your responses during discussions and demonstrate that you're a good fit for their team.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed portfolios in the past. Highlight your ability to balance client needs with company objectives, as this is crucial for the role.
✨Tip Number 4
Research the local market and current trends in marine insurance. Being knowledgeable about the challenges and opportunities in the sector will show your enthusiasm and readiness to contribute from day one.
We think you need these skills to ace Senior Cargo & Freight Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Cargo & Freight Underwriter position. Tailor your application to highlight relevant experience in marine trade underwriting and case management.
Craft a Strong CV: Your CV should clearly outline your underwriting experience, particularly in marine trade. Include specific examples of how you've maintained profitable portfolios and developed relationships with intermediaries and clients.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company’s commitment to diversity and inclusion. Highlight your technical expertise and how it aligns with Munich Re's trading strategies and objectives.
Showcase Your Soft Skills: Emphasise your ability to build strong relationships and work collaboratively within a team. Mention any experience you have in mentoring less experienced staff, as this is a key aspect of the role.
How to prepare for a job interview at Munich Re
✨Showcase Your Underwriting Expertise
Make sure to highlight your extensive knowledge in Marine Trade and technical underwriting principles. Be prepared to discuss specific examples from your past experience that demonstrate your ability to manage a profitable portfolio.
✨Demonstrate Relationship-Building Skills
Since the role involves developing strong relationships with intermediaries, come ready to share how you've successfully built and maintained professional relationships in previous roles. This will show your understanding of balancing client needs with company objectives.
✨Prepare for Case Management Scenarios
Expect to be asked about your approach to end-to-end case management. Prepare to discuss how you would handle various scenarios, including decision-making within delegated authority and collaborating with team members for effective deal closure.
✨Emphasise Your Commitment to Diversity and Inclusion
Given the company's focus on diversity, equity, and inclusion, be ready to discuss how you can contribute to fostering an inclusive environment. Share any relevant experiences or initiatives you've been part of that align with these values.
