Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Portfolio Solutions Underwriter

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 13351 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
Apply Now

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.  

Please see our website for more information.

Portfolio Solutions Underwriter

The Portfolio Solutions team provides capacity to consortia / Broker Facilities / MGAs / Cover holders on a delegated authority basis across a wide range of product lines creating a well-diversified and profitable portfolio.

This role is responsible for assisting the CUO, Portfolio Solutions in underwriting, performance management and portfolio management of the account. The role will also assist the CUO Portfolio Solutions in developing and delivering the strategy to achieve profitable growth of the account. In addition the role will make and build relationships with external partners e.g. brokers and cover holders and attract business to the company.

Responsibilities:

  • Underwrite new and renewal portfolios, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan; referring to CUO Portfolio Solutions when appropriate
  • Ensure the effective management of the portfolio, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits; referring to CUO Portfolio Solutions when appropriate
  • Conduct and develop effective relationships with Coverholders and Brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan
  • Discuss new opportunities, deal pipeline and ideas with the wider underwriting and distribution team to ensure knowledge sharing and alignment
  • Monitor and analyse the performance of the in-force business, through relevant metrics, noting any deviations from business plan and taking corrective action where necessary
  • Embed a data driven approach to underwriting that incorporates commerciality in order to achieve profitable growth
  • Work collaboratively with colleagues in other classes of business to deliver profitable portfolio business and avoid potential misalignment
  • Work collaboratively with internal stakeholders (Delegated Underwriting, Pricing and Reserving, Claims, Capital and Exposure Management) as required
  • Assist in strategy setting, business reporting and business planning activities
  • Attend and contribute to regular and ad-hoc Portfolio Solutions team meetings, meetings with colleagues within MRSG, and meetings with Cover holders, brokers, suppliers and other entities.
  • Actively engage with the market to understand opportunity and market trends

Knowledge and Skills

  • University Degree and/or relevant professional qualification
  • Strong work ethic, with drive and accountability
  • Extensive experience in Underwriting/Pricing/Distribution/Exposure Management functions of insurance companies (commercial/specialty focused is preferred)
  • Previous experience of underwriting delegated authority business
  • Strong analytical, numerical and quantitative skills
  • Excellent presentation, prioritization, and time management skills
  • Excellent stakeholder management and influencing skills
  • Ability to understand complex structures and then clearly articulate these to stakeholders
  • Ability to analyse large and complex datasets and make data driven/informed decisions
  • Highly computer literate, able to use spreadsheets, databases and learn the use of new systems.
  • Capable of developing and maintaining effective cross-functional relationships at all levels.
  • Highly computer literate, able to learn the use of new systems.
  • Ability to multi-task and manage conflicting priorities in order to meet tight deadlines

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.

Learn more about sustainability at Munich Re – choose your impact!

#BePresent #BeBold #BeCurious

Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.