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For Companies At a Glance
- Tasks: Manage a diverse portfolio while providing expert underwriting guidance.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance with a supportive culture.
- Benefits: Enjoy perks like remote work options, wellbeing schemes, and professional development support.
- Why this job: Be part of a dynamic team that values curiosity and boldness, driving impactful change.
- Qualifications: Extensive underwriting knowledge and strong relationship-building skills are essential.
- Other info: Diversity and inclusion are at our core; we welcome all perspectives.
The predicted salary is between 43200 - 72000 £ per year.
About us
At Munich Re Specialty – Global Markets (MRS-GM), our ambition is to become the leading Primary Specialty Insurance provider through an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this.
Our success is rooted in a strong culture that encourages people to be present, bold, and curious, enabling them to achieve their individual goals.
We are currently seeking an Underwriter to join our Leeds office on a full-time basis, reporting to the Underwriter & Team Leader.
The role involves maintaining a profitable, balanced, and growing portfolio with allocated intermediaries and customers, contributing to the company\’s long-term trading objectives.
You will provide technical underwriting expertise and guidance to less experienced staff.
Responsibilities:
- Handle end-to-end processes for your allocated portfolio to meet business development and trading strategies.
- Make effective decisions within your delegated authority to ensure efficient work completion.
- Develop strong relationships with intermediaries, balancing their needs with the company\’s objectives to foster profitable growth.
- Plan and organize your work to meet customer service and credit control targets.
- Identify and close business opportunities promptly, collaborating with team members as needed.
- Serve as a reference point for intermediaries, customers, and junior staff to ensure high-quality service.
- Maintain a balanced, high-quality portfolio by utilizing gathered information effectively.
- Perform other ad-hoc tasks as required.
- Contribute to good conduct and compliance with policies related to customer outcomes and risk management.
Knowledge and Skills:
- Extensive underwriting knowledge and understanding of technical underwriting and company strategy.
- Ability to interpret management information effectively.
- Knowledge of the local market and internal/external relationships.
Diversity, Equity & Inclusion
We foster innovation and resilience through Diversity, Equity, and Inclusion, recognizing the value of diverse perspectives and experiences. We are committed to creating an inclusive environment with equitable opportunities for all.
Candidates can request reasonable adjustments during the recruitment process by contacting Talent Acquisition.
Our Commitment to Sustainability and Development
Our ESG strategy focuses on environmental, social, and governance topics, supporting community initiatives and offering volunteering opportunities. Benefits include critical illness insurance, wellbeing schemes, electric vehicle salary sacrifice, and professional development support.
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Underwriter (Cargo & Freight) employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter (Cargo & Freight)
✨Tip Number 1
Familiarise yourself with the latest trends in cargo and freight underwriting. Understanding the current market dynamics will not only help you during interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those involved in underwriting. Attend relevant events or join online forums to build connections that could provide insights or even referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed portfolios or developed relationships with intermediaries in the past. This will showcase your experience and ability to contribute to the company's objectives.
✨Tip Number 4
Research Munich Re Specialty's values and recent initiatives, especially around diversity, equity, and inclusion. Being able to align your personal values with theirs can make a strong impression during the interview process.
We think you need these skills to ace Underwriter (Cargo & Freight)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter position. Tailor your application to highlight relevant experience in underwriting, particularly in cargo and freight.
Highlight Relevant Experience: In your CV and cover letter, emphasise your extensive underwriting knowledge and any specific experiences that align with the job description. Mention your ability to handle end-to-end processes and develop strong relationships with intermediaries.
Showcase Your Skills: Demonstrate your technical underwriting expertise and decision-making abilities in your application. Provide examples of how you've successfully managed portfolios and contributed to business development in previous roles.
Personalise Your Cover Letter: Craft a personalised cover letter that reflects your understanding of Munich Re Specialty's values, especially their commitment to diversity, equity, and inclusion. Explain why you are a good fit for their team and how you can contribute to their long-term trading objectives.
How to prepare for a job interview at Munich Re
✨Showcase Your Underwriting Knowledge
Make sure to highlight your extensive underwriting knowledge during the interview. Be prepared to discuss specific examples of how you've successfully managed portfolios and made effective decisions in previous roles.
✨Demonstrate Relationship-Building Skills
Since the role involves developing strong relationships with intermediaries, come ready with examples of how you've built and maintained professional relationships in the past. This will show your ability to balance their needs with the company's objectives.
✨Prepare for Technical Questions
Expect technical questions related to underwriting processes and strategies. Brush up on your understanding of the local market and be ready to interpret management information effectively, as this is crucial for the role.
✨Emphasise Your Adaptability
The company values adaptability, so be sure to share instances where you've successfully adapted to changing circumstances or challenges in your previous roles. This will demonstrate your alignment with their culture of being present, bold, and curious.
