Senior Green Solutions Underwriter

ENGINEERINGUK; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Green Solutions Underwriter to join their dynamic team in London. This role focuses on underwriting renewable energy risks and developing business strategies to maximize profitability. You will engage with clients and brokers to foster strong relationships while ensuring compliance with regulatory standards. The company promotes a culture of innovation and inclusivity, offering a supportive environment where your contributions can make a significant impact. If you are passionate about renewable energy and insurance, this opportunity is perfect for you.

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

Electric Vehicle Salary Sacrifice Scheme

Study & continuing Professional Development Support

Hybrid Working + IT Home Set-up Support

Qualifications

• Sound technical understanding of renewable energy technologies is essential.
• Advanced knowledge of insurance and renewable energy principles is required.

Responsibilities

• Underwrite and assess the Renewable Energy Account for maximum profit.
• Develop relationships with brokers and clients to secure new business.
• Provide analytical support and technical training to junior staff.

Skills

Technical understanding of renewable energy technologies

Knowledge of insurance principles

Understanding of legal principles and regulations

Analytical skills

Education

Degree in a relevant field

Tools

Risk evaluation tools

Job description

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Sector: Insurance
Role: Senior Executive
Contract Type: Permanent
Hours: Full Time

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.

Senior Green Solutions Underwriter
We are currently looking for a Senior Green Solutions Underwriter to work with us on a full-time basis in London, reporting into the Head of Renewables.
Green Solutions is a business focused on climate risk and finance. We underwrite renewable energy risk, green technology risk, carbon markets and natural capital, as well as blended finance solutions.
You will support the development of and underwrite for the Renewable Energy Account in line with the business plan to facilitate maximum return of profit. The account will focus on a wide spectrum of Clean Energy technology onshore and offshore, during construction and operations.
You will provide an accurate and quality management function for aspects of the Renewable Energy Account, at all times demonstrating care for customers and respect for the regulatory obligations and reputation of the Syndicate.

Responsibilities:

• Assess, price, negotiate and underwrite for the Renewable Energy Account, exercising judgement in all underwriting and remaining aware of own underwriting limits as set out in the Underwriting Authority sheet, all in accordance with the Syndicate Business Plan.
• Conduct and develop effective business relationships with brokers and clients with a view to both securing new business and retaining appropriate renewal business.
• Develop responsibility for the co-ordination of underwriting and development of all business.
• Assist in the underwriting and account development of the Service Companies.
• Provide analytical support to the administrative function of the Renewable Energy Account.
• Review daily claims report and support claims handler on major claims (when required).
• Ensure Renewable Energy Account conforms with the principles of Contract Certainty.
• Provide appropriate technical and training support to junior members of the Renewable Energy Account.
• Contribute to further development of quotation and risk evaluation tools.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

Knowledge and Skills

• Sound technical understanding of current and future renewable energy technologies.
• Advanced knowledge and understanding of underlying principles of insurance, legal principles, FSA rules and regulations, and renewable energy with a focus on offshore/onshore wind, solar plants, and energy storage systems during construction and operations.

Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of identities and backgrounds. We are committed to building an equitable and inclusive work environment where this diversity is celebrated and has equitable opportunities to succeed.

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