Underwriter

Munich Re Specialty - Global Markets; Leeds; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading insurance provider based in Leeds seeks an Underwriter to manage a profitable portfolio while providing technical expertise to support less experienced staff. The ideal candidate will possess high underwriting knowledge and the ability to build strong relationships with intermediaries, balancing their needs with company objectives. This full-time role emphasizes delivering high customer service and achieving long-term trading goals.

Benefits

Critical illness insurance

Life Assurance

Wellbeing and Development Scheme

Qualifications

• Understanding of technical underwriting, philosophy and Company trading strategy.
• Internal relationships with Line of Business Managers and team members are essential.
• External relationships with allocated intermediaries and customers required.

Responsibilities

• Undertake end-to-end handling for the allocated portfolio.
• Make effective decisions for allocated intermediaries efficiently.
• Develop strong relationships with intermediary clients.

Skills

High level of underwriting knowledge

Ability to interpret and effectively use management information

Knowledge of the local market

Job description

Overview

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.

We are currently looking for an Underwriter to be based in our Leeds office on a full-time basis, reporting into the Underwriter & Team Leader.

You to 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.

Provide technical underwriting expertise and guidance to less experienced underwriting staff.

Responsibilities

• Undertaking end-to-end handling for the allocated portfolio to deliver the agreed joint business development plans in line with the Company’s overall trading strategy.
• Make effective 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.
• Assist in maintaining a balanced and high quality portfolio, optimising the use of information gathered.
• Other ad-hoc tasks as required by the business.
• 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 and 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

• High level of underwriting knowledge.
• Understanding of technical underwriting, philosophy and Company trading strategy.
• Ability to interpret and effectively use management information.
• Knowledge of the local market.
• Internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department and the Syndicate.
• External relationships with a range of contacts within the allocated intermediaries and customers.

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