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Senior Underwriter, Non-Life

Location Sydney, Australia Job type Full-Time Work mode Hybrid Job level Professional Job ID 12173 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
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Munich Re is the leading reinsurer in the Australasian Non-Life market and offers treaty and facultative reinsurance support for all the main classes of business including Property, Liability, Motor and Cyber.

The ambition of our Non-Life team is in positioning Munich Re as the premium discussion partner for our clients through the provision of and access to an extensive depth of local and global knowledge. The Non-Life team strives to be recognised as an innovative solution and large capacity provider by offering tailor-made reinsurance products that support our clients in managing their capital as well as newly emerging risks.

As part of the Casualty Treaty team you will be providing technical support complementing our client management and broader Non-Life initiatives.

You will apply strong technical skills and knowledge of the exposed risks and implement the most appropriate underwriting approach.

This role supports new business opportunities and strengthens existing client relationships, in conjunction with the client management team, by understanding the client’s needs and translating the risk into value.

Your Role

  • Determine the optimal approach for risk assessment and pricing of complex accounts by using underwriting knowledge and expertise across the whole end to end process
  • Develop new pricing methods where required
  • Present solutions for complex issues (client requests and internal projects)
  • Instigate and support new product innovation and enhancement both within the MR Group and with the client base.
  • Take responsibility of data quality in underwriting platforms of nominated accounts and the Casualty Treaty portfolio to enable adequate reporting and monitoring activities
  • Strengthen existing client relationships and develop new ones to achieve expected growth and profit contribution in conjunction with the Client Management team.
  • Take responsibility for the principal contact point of nominated clients.
  • Develop and maintain market profile and visibility as an expert in the industry.
  • Participate on Munich Re group wide projects/ initiatives.
  • Provide technical guidance to the team on both pricing and risk assessment:
    • Be able to identify UW gaps, compliance with handling of UW guidelines and local instructions
    • Provide constructive feedback to Treaty members on technical areas for improvement.
    • Be able to successfully review work of team members without re-underwriting it
  • Support the Casualty Treaty Manager in:
    • preparing and implementing Underwriting strategies for the treaty portfolio, and communicating these to the appropriate internal and external stakeholders
    • Identifying and propose areas of improvement to enhance portfolio and risk management processes
    • Identifying skill gaps and provide technical training for Casualty Treaty Underwriters
    • Identifying market weaknesses and take action to provide solutions
  • Accept responsibilities delegated by the Casualty Treaty manager in the manager’s absence
  • Excellent communication and influencing skills targeted and adaptable to the audience and situation
  • Serving as a credible role model through their performance and behaviour, and being measured by that performance

Your Profile

  • Experience at senior underwriter level in reinsurance, demonstrating excellent understanding of the risk exposure and appropriate methodology to assess the exposure.
  • 10 years+ of experience as a Casualty Treaty Underwriter is preferred.
  • Tertiary qualifications in related area (preferred)
  • Strong analytical skill set.
  • Excellent interpersonal and effective organisational skills.
  • ANZIIF membership (preferred) or equivalent.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.

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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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