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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.
Please see our website for more information.
Underwriter (Level 1)
We are currently looking for an Underwriter to be based in Manchester on a full-time basis, reporting into the Underwriter & Team Leader.
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. You will provide technical underwriting expertise and guidance to less experienced underwriting staff.
Responsibilities:
* Working with the intermediary/customer, undertaking 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.
* Dealing with high level complex multinational accounts.
* Delivering technical presentations where required.
* 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.
* Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
* Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
Knowledge and Skills
* High level of 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 market.
* Internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department and the Syndicate.
* External relationships with a range of contacts within the allocated intermediaries and customers.
Benefits
* 25 days Annual Leave + Bank Holidays
* 10% Non-contributory Pension
* Eligibility for an Annual Bonus
* Private Medical + Dental Insurance
* 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
* Hybrid Working + IT Home Set-up Support
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