Underwriter Level 1 - Construction Liability

Munich Re; Birmingham; On-site; GBP 55,000 - 75,000; Full time

Job summary

Munich Re is seeking an experienced underwriter to contribute to the development and promotion of Engineering and Construction products with a focus on construction liability. You will underwrite new and renewal business in line with guidelines and appetite, and manage end-to-end cases for an allocated portfolio to deliver joint business development plans.

Role involves making on-site decisions within authority, handling complex accounts, and supporting a high-quality, profitable portfolio while

Qualifications

• High level construction liability underwriting knowledge.
• Understanding of technical underwriting, philosophy and 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.

Responsibilities

• Underwrite new and renewal business in line with underwriting guidelines and appetite.
• Work with intermediary/customer, undertake end-to-end handling of cases for the allocated portfolio to deliver joint business development plans.
• 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 to meet customer service and credit control targets.
• Undertake other duties as directed within the level of the job function.

Skills

Construction liability

Underwriting techniques

Management information

Communication

Local market knowledge

Relationship building

External stakeholder mgmt

Job description

Responsibilities

• 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.

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.