Underwriter Level 1 - Manchester, United Kingdom - Munich Re Specialty Group

Munich Re Specialty Group
Munich Re Specialty Group
Verified Company
Manchester, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description
Underwriter Level 1


Company
Munich Re Specialty Group

Location
Manchester, 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 1)


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


If you'd like to work within a positive, high performing and collaborative team atmosphere where you can make difference, we'd love to hear from you.

The Role

  • Working with the intermediary/customer, undertaking endtoend 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.
  • 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.
  • You are required to comply with the PRA and FCA conduct rules.
What we are looking for


The prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm.


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.

Key Skills & Experience

  • 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 Executive Directors, Sales & Development Team, 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
Your career with us


You to 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.

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

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
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