Underwriter Level 1 - Construction Liability

Munich Re Group; Glasgow; On-site; GBP 55,000 - 80,000; Full time

Job summary

Munich Re Group in the United Kingdom seeks an experienced underwriter with a focus on Engineering and Construction products, particularly construction liability. You will underwrite new and renewal business in line with guidelines, liaise with intermediaries/customers, and handle end-to-end cases within allocated portfolios to support the company’s trading strategy.

You will contribute to strategic underwriting decisions and maintain high service standards.

Qualifications

• 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 local insurance market practices.

Responsibilities

• Contribute to development and promotion of Munich Re Engineering and Construction products focusing on construction liability.
• Underwrite new and renewal business in line with underwriting guidelines and appetite.
• Handle end-to-end cases for allocated portfolio to deliver joint business plans.
• Make effective on-site decisions within delegated authority for intermediaries.
• Deal with complex accounts, providing tailored solutions and risk-appropriate decisions.
• Plan and manage own work to meet customer service and credit targets.
• Undertake other duties as directed within the job level.

Skills

Construction liability underwriting

Intermediary relationship management

Underwriting strategy & portfolio mgmt

Technical underwriting standards

Customer service & communication

Credit control awareness

On-site decision making

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.