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…
Solution Architect for Finance Group Systems (m/f/d)*
Munich, Bavaria, Germany · Hybrid
Senior
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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…
Skills: Underwriting Operations, Power BI, Data Analysis, Regulatory Reporting, Lloyd's Market Knowledge
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…
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Munich, Bavaria, Germany · On-site
Entry level
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Toronto, Ontario, Canada · Hybrid
$118k–$130k/yr
Mid level
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Toronto, Ontario, Canada · Hybrid
$140k–$186k/yr
Senior
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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 …
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Valuation Actuary, IFRS Operations and Analytics (m/f/d)*
Munich, Bavaria, Germany · Hybrid
Mid level
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Full-time
25 Days Annual Leave, Bank Holidays, 10% Non-contributory Pension, Annual Bonus, Private Medical Insurance, Dental Insurance
Posted 26d ago
Apply by Oct 1
~40 hrs/week
Responsibilities
The role focuses on establishing a profitable construction liability proposition and underwriting new and renewal business in line with company guidelines. It involves managing intermediary relationships and contributing to the overall underwriting strategy and portfolio management.
Requirements
Candidates need a high level of construction liability underwriting knowledge and an understanding of technical underwriting philosophy. Strong communication skills and the ability to build relationships within the local insurance market are essential.
Full job description
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 a Underwriter Level 1 – Construction Liability to be based in Manchester, Birmingham, Leeds, Glasgow or London on a full-time basis, reporting into the Engineering Underwriting Manager.
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:
Underwriting
Contribute to development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability
To underwrite new and renewal business in line with underwriting guidelines and appetite.
Work with the intermediary/customer, undertake 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.
Deal with complex accounts, ensuring tailored solutions and risk appropriate decisions.
Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
Undertake other duties as directed within the level of the job function.
Strategic contributions
Support the creation and implementation of underwriting strategy, forecasts and portfolio management required to achieve profitability and technical excellence.
Identify, define and develop business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively.
Assist in maintaining a balanced and high quality portfolio, optimising the use of information gathered.
Technical expertise
Deliver technical presentations where required.
Act as a reference point for the allocated intermediary/customer or less experienced staff, so that a high level of customer service is delivered.
Ensure the underwriting technical standards are maintained across the portfolio
Intermediary and Customer management
Work with the Underwriting team to 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.
Represent and promote Munich Re externally with intermediaries and customers.
Knowledge and Skills
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 the local insurance market practices.
Build internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department and the Syndicate.
Develop external relationships with a range of contacts within the allocated intermediaries, customers and local market.
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.
Offices: Königinstrasse 107, Munich, Bavaria 80802, DE · 555 College Road East, Princeton, NJ 08543-5241, US · Plantation Place 30 Fenchurch Street, London, EC3M 3AJ, GB · 56 Perimeter Center East, NE, Suite 500, Atlanta, GA 30346-2290, US
cyber insurancereinsuranceprimary insurancemarinespecial enterprise risksbusiness interruptionconstruction riskslife insurancehealth insuranceinternet of things
Offices: Königinstrasse 107, Munich, Bavaria 80802, DE · 555 College Road East, Princeton, NJ 08543-5241, US · Plantation Place 30 Fenchurch Street, London, EC3M 3AJ, GB · 56 Perimeter Center East, NE, Suite 500, Atlanta, GA 30346-2290, US
cyber insurancereinsuranceprimary insurancemarinespecial enterprise risksbusiness interruptionconstruction riskslife insurancehealth insuranceinternet of things