Underwriting Apprentice

Munich Re; United Kingdom; On-site; GBP 20,000 - 25,000; Full time

Job summary

Munich Re is seeking an Underwriting Apprentice for a 24-month fixed-term contract in Manchester. This role offers a comprehensive learning journey in underwriting, providing hands-on experience and mentorship from industry professionals. The apprentice will engage in various underwriting functions and develop essential skills for a successful career in insurance.

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

Electric Vehicle Salary Sacrifice Scheme

Study & continuing Professional Development Support

Hybrid Working + IT Home Set-up Support

Qualifications

• Appropriate level of underwriting knowledge.
• Ability to interpret and effectively use management information.
• Good interpersonal and communication skills.

Responsibilities

• Develop strong relationships with intermediaries and manage customer enquiries.
• Plan and process work efficiently to support team objectives.
• Identify and close business opportunities.

Skills

Interpersonal skills

Communication skills

Customer service

Ability to learn

Organizational skills

Job description

About us

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.

Please see our website for more information.

Underwriting Apprentice

We are currently looking for an Underwriting Apprentice to be based in Manchester on a 24 month fixed term contract, reporting into the Head of Underwriting Operations.

As an Underwriting Apprentice at Munich Re, you will embark on a comprehensive learning journey, gaining hands-on experience in various aspects of Underwriting. This apprenticeship is designed to provide exposure to a wide range of Underwriting functions, while you work closely with experienced professionals who are dedicated to mentoring and guiding you throughout your apprenticeship.

Responsibilities:

• Working with the Engineering Underwriting Manager, and the underwriting team, to develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company’s trading objectives in a way that will deliver profitable and balanced training growth.
• Plan and process own work so that the relevant part of the team’s workload is handled efficiently and effectively.
• Make a positive input into the team’s effectiveness, suggesting ways in which work systems and processes can be amended and improved.
• Respond to and take ownership of customer enquiries and allocated mail.
• Identify, define and close business opportunities, seeking the input of other members of staff.
• Act as a reference point on all issues for the customer referring complex issues where necessary, so that a high level of customer service is delivered.
• Ensure open communication and collaboration across all lines of business and the sales and development function.
• Undertake other duties as directed within the level of the job function.
• Help drive forward good conduct for the business to deliver the best outcomes for customers / policyholders.
• Help drive forward good conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

• Build and maintain strong internal relationships with other team members, the Claims Department, the Syndicate and the Leadership team.
• Build and maintain strong external relationships with a range of contacts within the allocated intermediaries and customers.
• Appropriate level of underwriting knowledge.
• Ability to interpret and effectively use management information.
• Ability and willingness to learn and understand established systems and processes.
• Good interpersonal and communication skills.
• Passionate about excellent customer service .
• Ability to prioritise own work and manage workload.

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