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.

Please see our website for more information.

Underwriter Level 1 - Construction Liability

We are currently looking for a Underwriter Level 1 - Construction Liability to be based in Manchester, Birmingham, Leeds, Glasgow or London on a full-time basis, reporting into the Engineering Underwriting Manager.

This is a pivotal role focused on establishing a profitable construction liability proposition to complement and expand on our existing high-quality engineering and construction portfolio.

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!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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; economic and geographic backgrounds; physical abilities; ages; 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.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re - choose your impact!

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious