Underwriter Level 1 - Construction Liability

Munich Re Group; Birmingham; On-site; GBP 65,000 - 90,000; Full time

Job summary

Munich Re Group is seeking an experienced underwriting professional to contribute to development and promotion of Munich Re Engineering and Construction products with a focus on construction liability. You will underwrite new and renewal business, handling cases end-to-end within guidelines to deliver trading strategy.

Work with intermediaries and customers to build strong relationships, provide technical underwriting expertise, manage portfolio quality and ensure high levels of customer service

Qualifications

• Underwriting knowledge of construction liability and portfolio management.
• Ability to interpret management information and market data.
• Excellent communication and stakeholder management.
• Understanding of local insurance market practices.

Responsibilities

• Contribute to development and promotion of Munich Re Engineering and Construction products with a focus on construction liability.
• Underwrite new and renewal business in line with underwriting guidelines and appetite.
• Work with intermediaries/customers to handle end-to-end cases for the allocated portfolio to support joint business plans.
• Make effective on-site decisions within delegated authority for allocated intermediaries.
• Deal with complex accounts, delivering tailored risk solutions and decisions.
• Plan and process own work to meet customer service and credit control targets.
• Assist in maintaining a balanced portfolio and supporting profitability via strategic contributions.
• Deliver technical presentations and act as a reference point for colleagues to ensure high service levels.
• Develop strong relationships with intermediaries and customers to balance trading growth.

Skills

Construction liability underwriting

Technical underwriting

Management information interpretation

Communication skills

Insurance market knowledge

Relationship building

Job description

• Contribute to development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability
• To underwrite new and renewal business in line with underwriting guidelines and appetite.
• Work with the intermediary/customer, undertake 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.
• Make effective on site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
• Deal with complex accounts, ensuring tailored solutions and risk appropriate decisions.
• Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
• Undertake other duties as directed within the level of the job function.

Responsibilities

Underwriting

• Contribute to development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability
• To underwrite new and renewal business in line with underwriting guidelines and appetite.
• Work with the intermediary/customer, undertake 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.
• Make effective on site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
• Deal with complex accounts, ensuring tailored solutions and risk appropriate decisions.
• Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
• Undertake other duties as directed within the level of the job function.

Strategic contributions

• Support the creation and implementation of underwriting strategy, forecasts and portfolio management required to achieve profitability and technical excellence.
• Identify, define and develop business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively.
• Assist in maintaining a balanced and high quality portfolio, optimising the use of information gathered.

Technical expertise

• Deliver technical presentations where required.
• Act as a reference point for the allocated intermediary/customer or less experienced staff, so that a high level of customer service is delivered.
• Ensure the underwriting technical standards are maintained across the portfolio

Intermediary and Customer management

• Work with the Underwriting team to 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.
• Represent and promote Munich Re externally with intermediaries and customers.

Knowledge And Skills

• 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.