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Head of Broking Designate

Location London, United Kingdom Job type Part-Time Work mode Hybrid Job level Professional Job ID 10850 Company Munich Re Employment type Temporary Area of expertise Claims & Underwriting
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Introduction:

Munich Re Specialty North America (MRSNA) is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.

We are specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, London Market companies, and Munich Re owned capacity in Germany and the US.

Why join us?

We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products, risk appetite and career development opportunities of one of the largest and most successful insurance groups in the world. As our business continues to grow, we are committed to expanding our team and provide development opportunities to ensure we are always supporting our people in their career journey. Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of MRSNA-BA provides access to multiple health and wellbeing benefits, work-life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities

Purpose of the Position:

Day to day management of the US Binding Authority Broking Department.

Broking individual risks and Binding Authorities.

Duties & Responsibilities:

  • Responsibility for supervising and managing the daily tasks and activities of the department and ensuring that all queries are dealt with in a timely manner.
  • Development and training of staff along with regular feedback and appraisal of direct reports.
  • Responsibility for day to day staffing issues.
  • Develop and maintain good relationships with Customers and Market through proactive contact.
  • To arrange and provide renewal information for US Clients, which may be used for servicing and marketing requirements in London.
  • Negotiate and Broking of new and renewal binding authorities with Clients and Markets.
  • Oversee the High Value Homeowner business and Underwrite HVH risks within specific binding authority guidelines.
  • Undertake US travel to Clients/Conventions as and when required.
  • Assist in resolving queries from other departments in a timely manner.
  • Assist in the leadership of the department in order to achieve high level of performance, quality and regulatory compliance.
  • Assist in production / analysis of management information including quarterly Board report, performance reports and budgets.
  • Assist in the operational side of B&C as and when appropriate including proposed projects.
  • Attending courses and keeping up to date with legislative rules / amendments, Market Reform.
  • Awareness of FCA rules and all relevant regulatory and compliance issues as may be applicable. Assist in implementation where applicable.
  • To abide by the policies and procedures of Bell & Clements Ltd.
  • To embrace and actively implement the core principles of Continuous Conversations (Commitments, Feedback and Development) as part of daily activities and with other colleagues.
  • Take ownership of and make personal and professional development a priority as part of Continuous Conversations.
  • In line with Continuous Conversations, establish and achieve development aspirations and needs through the setting of commitments and giving and receiving frequent, constructive feedback (referring to resources provided for support)
  • Lead Data Owner responsibilities:
  • Responsible for applicable business unit(s) for oversight and maintenance of the Data Asset Register
  • Implementation and ongoing oversight of Data Classification, working in conjunction with the Data Protection Officer in respect of any Data Access Requests
  • Reviewing data access rights and use of data (Storage, Transfer and Retention), approve access to data through file share of IT systems, assist in anonymising data and ensure that appropriate controls are in place to manage data.  
  • To be the key point of contact within the applicable business unit(s) for data protection enquiries and where required undertake specific Data Protection training within the business unit(s) e.g. Data Classification training.
  • To work in conjunction with the Data protection Officer, Chief Risk, Compliance and Legal Officer and Compliance Officer to ensure compliance with B&C’s policies and procedures.

About us

You will 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

You are going to experience that 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

You will 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

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.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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