Underwriter Level 1

Munich Re; Manchester; On-site; GBP 35,000 - 65,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to join their Manchester team. This role involves managing a profitable portfolio, providing technical expertise, and fostering strong relationships with intermediaries. The ideal candidate will thrive in a dynamic environment, making impactful decisions and contributing to the company's long-term objectives. With a commitment to diversity and inclusion, this forward-thinking organization offers a supportive atmosphere for personal and professional growth. If you're ready to take on a challenging yet rewarding position in the insurance sector, this opportunity is perfect for you.

Benefits

Critical Illness Insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Study & Continuing Professional Development Support

Qualifications

• High level of underwriting knowledge and understanding of company trading strategy.
• Ability to interpret management information and maintain external relationships.

Responsibilities

• Manage end-to-end handling of cases for allocated portfolio.
• Deliver technical presentations and maintain high customer service levels.

Skills

Underwriting Knowledge

Technical Underwriting

Management Information Interpretation

Local Market Knowledge

Relationship Management

Job description

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 Manchester on a full-time basis, reporting into the Underwriter & Team Leader.

You will 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. You will provide technical underwriting expertise and guidance to less experienced underwriting staff.

Responsibilities:

1. Working with the intermediary/customer, undertaking end-to-end handling of cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company’s overall trading strategy.
2. Make effective on-site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
3. Dealing with high level complex multinational accounts.
4. Delivering technical presentations where required.
5. Working with 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 trading growth.
6. Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
7. 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.
8. 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.
9. Assist in maintaining a balanced and high quality portfolio, optimizing the use of information gathered.
10. Undertake other duties as directed within the level of the job function.
11. Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders.
12. 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:

1. High level of underwriting knowledge.
2. Understanding of technical underwriting, philosophy and Company trading strategy.
3. Ability to interpret and effectively use management information.
4. Knowledge of the local market.
5. Internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department and the Syndicate.
6. 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 recognize 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.

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