Underwriting Oversight Portfolio Manager

Munich Re; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading specialty insurance provider in Greater London seeks an Underwriting Oversight Portfolio Manager to manage and optimize the underwriting portfolio. The successful candidate will drive performance insights through data analysis and collaborate with senior underwriting teams. Strong experience in portfolio management and stakeholder engagement is essential. This role is an excellent opportunity for professionals passionate about utilizing innovative strategies to enhance portfolio profitability while embracing a diverse and inclusive work environment.

Qualifications

• Comprehensive understanding of cycle management and key levers for improvement.
• Proven experience in reviewing, analysing and managing underwriting portfolios.
• Strong experience dealing with key stakeholders.

Responsibilities

• Drive insights and optimise the Underwriting Portfolio.
• Collaborate with Senior Underwriters and Actuarial teams.
• Develop and maintain performance dashboards for decision-making.

Skills

Degree in a quantitative or business-related field

Understanding of London market practices

Experience in managing underwriting portfolios

Strong understanding of underwriting principles

Effective people management skills

Commercial acumen

Education

Degree in a quantitative or business-related field

Progress towards ACII, FIA, or CFA qualification

Job description

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinnedby an effective and adaptablestrategy,superior products and industry leaders working in a supportive environmentto 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.

Please see our website for more information.

Underwriting Oversight Portfolio Manager

Drive insights, discipline, and optimisation across the Underwriting Portfolio. The role supports strategic underwriting decisions through robust data analysis, cycle management and regular performance monitoring and review of return of Capital. Collaborate with Senior Underwriters, Actuarial, and Risk functions to deliver sustainable underwriting profitability in line with business plan objectives.

Responsibilities

Portfolio Oversight & Performance Management

• Analyse underwriting performance across classes and segments, identifying trends and key levers for maintaining or improving profitability.
• Monitor performance against plan, providing regular reporting and commentary on key outliers.
• Develop and maintain real time performance and analysis dashboards to support decision-making at class and portfolio levels.
• Support regular performance reviews, ensuring ongoing alignment between underwriting strategy and portfolio outcomes.

Strategic Portfolio Optimisation

• Partner with underwriting teams to challenge and refine business mix, line size, and risk appetite to optimise capital utilisation and return on capital.
• Assess the impact of new business opportunities, product development, and market changes on portfolio composition and profitability.
• Provide insight into portfolio diversification, aggregation, and reinsurance strategy considerations.

Governance & Frameworks

• Contribute to the development and maintenance of portfolio management frameworks, ensuring consistency, transparency, and alignment with group and Lloyd’s requirements.
• Ensure all portfolio analyses and recommendations are underpinned by sound methodology and compliant with internal governance standards.
• Make sure that key stakeholders understand any key dependencies in your findings and limitations are clearly communicated and understood.

Collaboration & Stakeholder Engagement

• Work closely with Senior Underwriters, Oversight, Actuarial, Risk, Exposure management, Claims, Finance, and Operations to deliver well rounded portfolio insights.
• Present findings and recommendations to senior management and relevant committees.
• Effectively manage the Performance Management analysts, supporting their development.
• Support the objectives and aspirations of the Underwriting Oversight team and Business Management function.

Knowledge and Skills

• Degree in a quantitative or business-related field; progress towards ACII, FIA, or CFA qualification advantageous
• Comprehensive understanding of London market practices and risk environment.
• Proven experience in reviewing, analysing and managing Underwriting portfolios.
• Strong understanding of underwriting principles, insurance financials, and KPIs
• Comprehensive understanding of cycle management and the key levers for improvement.
• Understanding of business strategy, planning and key support functions across Insurance.
• Effective people management skills.
• Strong experience in dealing with key stakeholders.
• Commercial acumen and ability to challenge constructively within a high-performance underwriting environment
• Ideally experience in multiple specialty lines of insurance

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

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 recognise 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.

Learn more about sustainability at Munich Re – choose your impact!

#BePresent #BeBold #BeCurious