About us
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to 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.
We are currently looking for an Underwriter to be based in one of our UK offices on a full-time basis, reporting into the Head of Underwriting Operations.
You will achieve and maintain a profitable, well-balanced and growing portfolio with allocated intermediaries and customers to assist in meeting long-term trading objectives of the Company.
Responsibilities:
* Undertaking end-to-end handling for the allocated portfolio to deliver the agreed joint business development plans in line with the Company’s overall trading strategy.
* Make effective decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
* Working with the underwriting team, 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.
* Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
* Identify, define and close business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively, securing business for the Company.
* Act as a reference point on all issues for the allocated intermediary/customer or less experienced staff, so that a high level of customer service is delivered.
* Assist in maintaining a balanced and high-quality portfolio, optimising the use of information gathered.
* Undertake other duties as directed within the level of the job function.
* This role has a direct impact on our customers’ satisfaction and how they perceive the quality of our products and services. You must therefore adhere to the following principles:
* Work closely with all areas of the business and external stakeholders to help deliver the best outcomes for customers/policyholders.
Knowledge and Skills
* Industry knowledge of the Cargo and Freight market.
* Proven knowledge and understanding of all company specific procedures that relate to own role and role of those employees that you are supervising.
* Excellent organisational skills.
* Proven grasp of data analysis and performance metrics.
* Ability to problem solve quickly and proactively.
* FCA principle-based regulation and relevant insurance law.
* Lloyds Minimum Standards.
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.
* Critical illness insurance + Life Assurance + Permanent Health Insurance.
* Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility).
* Electric Vehicle Salary Sacrifice Scheme.
* Study & continuing Professional Development Support.
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