Underwriter Level 1 - Construction Liability

Munich Re; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Munich Re is seeking an experienced Underwriter focused on construction liability within its Engineering and Construction umbrella. You will underwrite new and renewal business in line with guidelines and appetite, and manage end-to-end case handling for the allocated portfolio to support joint business development plans.

You will make on-site decisions within delegated authority, handle complex accounts with tailored risk solutions, and foster strong relationships with intermediaries and

Qualifications

• High level of construction liability underwriting knowledge.
• Excellent communication skills.
• Knowledge of the local insurance market practices.
• Understanding of underwriting philosophy and Company trading strategy.
• Ability to interpret and effectively use management information.

Responsibilities

• Underwrite new and renewal business in line with underwriting guidelines and appetite.
• Handle end-to-end cases for the allocated portfolio to meet joint business plans.
• Make effective on-site decisions within delegated authority for allocated intermediaries.
• Develop strong relationships with allocated intermediaries and customers.
• Deliver high levels of customer service and meet targets including credit control.

Skills

Construction liability underwriting

Communication skills

Insurance market knowledge

Technical underwriting knowledge

Management information interpretation

Job description

All locations Manchester, United Kingdom; Birmingham, United Kingdom; Glasgow, United Kingdom; Leeds, United Kingdom; London, United Kingdom;

Responsibilities:

Underwriting

• Contribute to development and promotion of Munich Re Engineering and Construction productswith 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.