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About the Role

This is a senior client-facing role for an experienced individual who can combine market insight, relationship leadership, disciplined execution and strong commercial judgement whilst acting as a trusted deputy and providing strategic support to the Head of Business Development. The role is integral in delivering Munich Re’s Ambition 2030 and strengthening our position as a strategic partner of choice in the UK and Irish life and protection market.

Responsibilities

Own and develop senior relationships with allocated clients, building trust, credibility and long-term partnership value.
Develop and execute clear business development strategies aligned to Ambition 2030, client priorities, Munich Re’s risk appetite and profitability expectations.
Generate and convert profitable new business opportunities across relevant product lines, ensuring commercial opportunities are appropriately prioritised and progressed.
Take accountability for the profitability and performance of existing business, escalating and leading action where terms, rates, treaty structure or client engagement require review.
Act as a trusted adviser to clients by understanding their strategy, market position, decision-making structures and reinsurance needs.
Use market, competitor and client insight to identify emerging opportunities, threats and areas where Munich Re can differentiate its proposition.
Lead complex client discussions and negotiations, balancing commercial growth, risk, profitability and relationship considerations.
Coordinate internal expertise across pricing, underwriting, claims, operations, legal, product and senior leadership teams to deliver high-quality client outcomes.
Support the Head of Business Development by driving forward agreed strategic priorities, providing clear client insight and acting as a senior representative of the Business Development function.
Contribute to raising Munich Re’s profile in the UK and Ireland market through high-quality client engagement, market representation and proactive relationship-building.
Support the development of Business Development Managers through coaching and mentoring.
Maintain disciplined records of client meetings, actions, opportunities and decisions through the company CRM system.
Ensure compliance with Insurance Distribution Directive.
Satisfy all regulatory reporting requirements in collaboration with the reporting function.
Liaise with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship.
Ensure compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

Requirements

Client relationships are stronger, broader and more senior, with Munich Re viewed as a credible strategic partner.
Business development activity is targeted, commercially disciplined and visibly aligned to Ambition 2030.
New business opportunities are identified early, progressed with momentum and converted where they meet Munich Re’s commercial and risk criteria.
The Head of Business Development has greater strategic support, market intelligence and senior capacity across priority client relationships.
Internal teams are well coordinated, with clear ownership, timely follow-through and strong client delivery.
Existing business is actively managed, with risks, profitability concerns and relationship issues addressed proactively.
Development through feedback and reflection, seeking out opportunities to learn and demonstrate growth in the role.
Act as a trusted deputy and strategic support to the Head of Business Development where required.
Operate as a senior member of the Business Development team, setting a high standard for client engagement, follow-through and commercial discipline.
Anticipate future client and market needs, translating long-term opportunities and risks into clear strategic plans.
Provide constructive challenge and insight to support better commercial decisions.
Role-model collaboration across functions, ensuring client opportunities are progressed in a way that reflects the strength of the whole Munich Re proposition, holding yourself and others accountable.
Demonstrate resilience in the face of setbacks, learning quickly and adapting the approach to maintain momentum and deliver strong client and commercial outcomes.
Bring energy, curiosity and external perspective to help the team adapt and succeed as the market evolves.
You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re.
You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
You will treat your colleagues and sales and business partners fairly and with respect.

Skills

Strong business development, account management and strategic client relationship experience in financial services, insurance or reinsurance.
Deep commercial judgement, with the ability to balance client opportunity, profitability, risk appetite and long-term relationship value.
Proven ability to lead senior client conversations, influence decision-makers and negotiate commercially robust outcomes.
Strong understanding of the UK protection market.
Excellent communication skills, including the ability to produce high-quality material and present complex issues clearly to senior audiences.
Strong internal influencing skills, with the ability to mobilise technical experts and senior stakeholders around client priorities.
Highly organised and disciplined, with the ability to manage multiple client priorities, actions and deadlines at pace.
Comfortable operating with autonomy, ambiguity and accountability in a senior commercial role.
Actuarial, underwriting, pricing, product, reinsurance or broader protection market experience would be advantageous.
Strategic mindset
Ensures accountability
Managing complexity
Sponsors work
Develops talent
Being resilient

Location

Munich

Work Type

Full-time

Experience Level

Senior
Experienced

Education Level

Qualified actuary (desirable)

Benefits

On target bonus
25 days annual leave with the option to purchase more
Private medical insurance
Employers' contributory pension of 10%
Fully paid 6 months family leave

About the Company

With the office in Munich, it forms the Life 1 division of Munich Re.
The UK life market is one of the, if not the, most competitive life markets in the world.
Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes.
This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition.
UK & Ireland Life has three pillars to its business strategy: protection, longevity and reinsurance structuring.
Clients are trusted as experts of their business and provided with the financial strength of the world’s largest reinsurer, global expertise and sharp pricing.
We work in an environment where we think big: Change and culture are continuously role-modelled.
We create and articulate a compelling and ambitious shared purpose, vision and direction.
We pave the way towards success and see failure as learning.
We care & dare: We are empathetic. We know when to lead and know when to let others lead.
We attract, grow and coach future leaders.
We communicate in a clear & authentic way: We interact with a positive and humble spirit.
We solicit feedback, ask and listen, learn and unlearn.
We grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients.
We embrace new ways of working using digitalisation to deliver solutions.
We lead the We: We have a passion for winning and growing as a team.
We inspire people to be capable of joint performance.
We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged.

Equal Opportunity

At Munich Re, embracing the power of differences is at the core of who we are.
We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better.
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.
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!
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.