Underwriter Level 2

Company
Munich Re Specialty Group
Location
Birmingham , United Kingdom

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Underwriter Level 2

We are looking to employ an Underwriter Level 2 to be based in Birmingham and to work with us on a Full-Time basis.

If you’d like to work within an growing and collaborative team atmosphere where you can make difference, we’d love to hear from you.

The Role

• 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.
• Other ad-hoc tasks as required by the business
• 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.
• You are required to comply with the PRA and FCA conduct rules

What we are looking for

With a clear emphasis and primary focus on the underwriting of Renewal Business within Cargo and Freight, to achieve and maintain a sustainably profitable, well balanced and growing portfolio with intermediaries to assist in meeting the long-term trading objectives of the Company.

Provide technical underwriting expertise and guidance to less experienced underwriting staff.

Where necessary assist the underwriting team with the handling of new business

Key Skills & Experience

• Comprehensive underwriting knowledge.
• Competent understanding of technical underwriting, philosophy and Company trading strategy.
• Work towards the interpretation and effective use of management information.
• Excellent communication skills.
• Knowledge of the local market.
• Internal relationships with Executive Directors, Sales & Development Team, Line of Business Managers, Team Leaders and team members, Underwriters, the Claims Department and the Syndicate.
• External relationships with a range of contacts within the allocated intermediaries and customers.

Qualifications

• University Degree and/or relevant professional qualification

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & Inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future.We make it happen. Together.

Push Boundaries. With us. | Munich Re