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Underwriter Level 1 - Construction Liability

Location Manchester, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 13713 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
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All locations Manchester, United Kingdom; Birmingham, United Kingdom; Glasgow, United Kingdom; Leeds, United Kingdom; London, United Kingdom;

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!

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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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