Junior Construction Liability Underwriter

Munich Re Group; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Munich Re Group in London is seeking an experienced Underwriter to contribute to the development and promotion of Engineering and Construction products, with a focus on construction liability. You will underwrite new and renewal business, handle end-to-end cases with intermediaries, and deliver on joint business plans.

Working within delegated authority, you will make on-site decisions, manage complex accounts, and plan work to meet service targets.

Qualifications

• 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.

Responsibilities

• Contribute to development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability.
• Underwrite new and renewal business in line with underwriting guidelines and appetite.
• Collaborate with intermediaries/customers to handle cases end-to-end for the allocated portfolio and achieve joint business plans.
• Make effective on-site decisions within delegated authority for allocated intermediaries.
• Deal with complex accounts, delivering tailored solutions and risk-appropriate decisions.
• Plan and prioritise own work to help the team meet customer service and credit targets.
• Undertake other duties as directed within the level of the job function.
• Support underwriting strategy, forecasts and portfolio management to achieve profitability and technical excellence.
• Identify and develop business opportunities to ensure swift, effective proposals.

Skills

Construction liability

Underwriting strategy

Intermediary management

Portfolio management

Management information

Customer service

Communication skills

Local market knowledge

Job description

Munich Re Group in London is seeking an experienced Underwriter to contribute to the development and promotion of Engineering and Construction products, with a focus on construction liability. You will underwrite new and renewal business, handle end-to-end cases with intermediaries, and deliver on joint business plans.

Working within delegated authority, you will make on-site decisions, manage complex accounts, and plan work to meet service targets.