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

Facultative Underwriter Construction (CAR/EAR/CECR/IDI) (m/f/d)* - - Limited to 12 month

Location Munich, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 11362 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
Apply Now

GC/NA4.1.8 Engineering writes worldwide facultative Engineering business with the core markets in the USA, Canada, Bermuda and UK. Beside infrastructural projects, the facultative reinsurance team takes care of all fields of construction as well as the operation of civil engineered structures and power plants.
To complement our team we are seeking a dedicated engineering underwriter who has a strong interest in underwriting construction, erection, CECR,  IDI business. The main focus area will be modeling of portfolios and underwriting MBRs. You will help our team realize the worldwide business potential and enhance our market position. 

YOUR JOB

  • Underwriting facility business and MBRs including portfolio modeling and analysis
  • Underwriting new and renewal global single risk engineering and construction business in accordance with agreed strategy and within designated underwriting authority
  • Performing risk assessment including pricing, wording analysis, accumulation management, and acceptance of large and complex engineering risks
  • Conducting negotiations with policyholders and brokers
  • Representing Munich Re as a key market and thought leader within the engineering insurance industry
  • Coordinating and collaborating with the other F&C units worldwide developing, maintaining, and expanding client and broker relationships
  • Contributing to the development of the portfolio by actively acquiring profitable new business
  • Contributing to an inspiring team environment that enables Munich Re’s engineering community to achieve its mid- and long-term goals
  • Contribute to claims handling for major claims

YOUR PROFILE

  • Degree in Engineering, Business Administration, Mathematics, Physics or Science
  • University graduates or long-standing experience in single-risk property underwriting or claims
  • Familiarity with insurance coverages
  • Knowledge of risk assessment as well as proficiency in the analysis of wordings
  • Analytics and modelling skills
  • Knowledge and experience in the application of relevant underwriting tools and reporting tools, including alternative tools (Data Lake) to improve profitability or efficiency
  • Ability to assess risks autonomously with the aid of other MR resources
  • High level of motivation and willingness to learn
  • Team player, open mindset and preparedness to work in a very dynamic environment
  • Excellent command of  English, knowledge of additional languages is of  advantage

About us
As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.  
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. 
Sounds like you? Push boundaries with us and be part of Munich Re. 
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below. 

Unlock your potential

  • Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
  • Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
  • Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.


Rewards & Recognition

  • Competitive salary: appropriate compensation for your high level of commitment.
  • Retirement provision: state of the art in-house pension solutions.
  • Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
  • Health management: focus on your physical and mental health far beyond legal requirements.
  • Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

*Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. 

Münchener Rückversicherungs-Gesellschaft
Yamina Djurisic 
HR Consultant

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.