Underwriter Level 1

Munich Re; Birmingham; On-site; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a motivated Underwriter Level 1 to join their Birmingham team. This full-time role offers the opportunity to work in a supportive environment that values diversity and inclusion, allowing you to grow while contributing to a leading specialty insurance provider. You will play a key role in underwriting insurance applications, assessing risks, and collaborating with a dynamic team to develop pricing strategies. With a commitment to professional development and a range of benefits, this position is perfect for those looking to advance their career in the insurance sector.

Benefits

Critical illness insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Study & Continuing Professional Development Support

Qualifications

• Strong understanding of risk assessment and insurance underwriting.
• Ability to develop pricing strategies and maintain client relationships.

Responsibilities

• Underwrite insurance applications and assess associated risks.
• Collaborate with the team to develop effective pricing strategies.

Skills

Risk Assessment

Underwriting

Client Relationship Management

Pricing Strategy Development

Education

Bachelor's Degree in Finance or related field

Job description

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 Level 1 to be based in Birmingham on a full-time basis, reporting into the Head of Underwriting Operations.

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.

Responsibilities

1. Underwrite insurance applications and assess risk.
2. Collaborate with the underwriting team to develop pricing strategies.
3. Maintain relationships with clients and brokers.
4. Ensure compliance with company policies and regulatory requirements.

Benefits

• 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