Cyber Underwriter

Munich Re; Manchester; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading company in specialty insurance is seeking an Underwriter to join their team in Manchester. The role involves managing a portfolio, guiding junior staff, and ensuring profitable trading growth. Candidates should have strong underwriting knowledge and local market understanding, with a preference for those holding a Dip CII/ACII qualification.

Benefits

Critical illness insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Study & Professional Development Support

Qualifications

• 3+ years underwriting Cyber experience preferred.
• Understanding of technical underwriting and company trading strategy.
• Ability to interpret management information.

Responsibilities

• Manage a profitable portfolio with intermediaries and customers.
• Develop relationships with intermediaries to achieve trading objectives.
• Identify and close business opportunities effectively.

Skills

Underwriting knowledge

Technical underwriting

Management information interpretation

Local market knowledge

Education

Dip CII/ACII

Job description

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinnedby an effective and adaptablestrategy,superior products and industry leaders working in a supportive environmentto 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 a Underwriter to be based in Manchester, Leeds, Birmingham or Glasgow on a full-time basis, reporting into the Cyber Underwriting Manager.

As an Underwriter, you will achieve and maintain a profitable, well balanced and growing portfolio with allocated intermediaries and customers to assist in meeting long term trading objectives of the Company. You will also provide guidance to less experienced underwriting staff.

Responsibilities:

• Working within your team, occasionally visiting intermediaries/customers, undertaking end-to-end handling of straight forward 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.
• Working with the underwriting team, 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.
• Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
• Identify, define and close business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively, securing business for the Company.
• Act as a reference point on all issues for the allocated intermediary/customer or less experienced staff, so that a high level of customer service is delivered.

Knowledge and Skills

• Appropriate level of underwriting knowledge; 3+ years underwriting Cyber ideally
• Understanding of technical underwriting, philosophy and Company trading strategy.
• Ability to interpret and effectively use management information.
• Knowledge of the local market.
• Dip CII/ACII or substantial progress towards is preferred.

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.

• 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