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About the Role

This is a pivotal role focused on establishing a profitable construction liability proposition to complement and expand on our existing high-quality engineering and construction portfolio.

Responsibilities

• Contribute to the development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability.
• Underwrite new and renewal business in line with underwriting guidelines and appetite.
• Work with the intermediary/customer to undertake end-to-end handling of cases for the allocated portfolio to deliver 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 to ensure efficient completion of work.
• Deal with complex accounts, ensuring tailored solutions and risk-appropriate decisions.
• Plan and process own work to assist the team in meeting customer service and credit control targets.
• Undertake other duties as directed within the job function's scope.
• Support the creation and implementation of underwriting strategy, forecasts, and portfolio management for profitability and technical excellence.
• Identify, define, and develop business opportunities, seeking input from other staff to ensure swift and effective handling of business proposals.
• Assist in maintaining a balanced and high-quality portfolio, optimizing the use of gathered information.
• Deliver technical presentations as required.
• Act as a reference point for allocated intermediaries/customers or less experienced staff to ensure a high level of customer service.
• Ensure underwriting technical standards are maintained across the portfolio.
• Work with the Underwriting team to develop strong relationships with allocated intermediaries, balancing their needs with the Company’s trading objectives for profitable and balanced trading growth.
• Represent and promote Munich Re externally with intermediaries and customers.

Requirements

• 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.
• Ability to build internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department, and the Syndicate.
• Ability to develop external relationships with a range of contacts within allocated intermediaries, customers, and the local market.

Skills

• Construction liability underwriting
• Technical underwriting
• Management information interpretation
• Communication
• Local insurance market practices
• Relationship building (internal and external)

Location

• Manchester
• Birmingham
• Leeds
• Glasgow
• London

Work Type

• Full-time
• Hybrid Working

Experience Level

• Underwriter Level 1

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
• IT Home Set-up Support

About the Company

• At Munich Re Specialty – Global Markets (MRS-GM), our ambition is 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.
• Our culture encourages people to be present, bold, and curious, enabling them to achieve their individual goals.
• Our approach to ESG is driven by a desire to seize business opportunities and nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social, and governance topics, including supporting local initiatives and offering volunteering opportunities.

Equal Opportunity

• 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.