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Underwriter, Private Clients (m/f/d)

The primary objectives of this role are to act as a risk underwriter for Private clients business transacted via our panel of broker partners. You will be joining the business shortly after go-live and as such your focus will be on growing the business, focusing on new business and MTA’s, which are referred either directly from our brokers or which come via the broker platform and require specific risk underwriting. Initially the role will focus on Property but will include HNW Motor, Overseas Holiday Homes and other products as we continue to develop.

 

Location
London , United Kingdom

 

 

      

The primary objectives of this role are to act as a risk underwriter for Private clients business transacted via our panel of broker partners. You will be joining the business shortly after go-live and as such your focus will be on growing the business, focusing on new business and MTA’s, which are referred either directly from our brokers or which come via the broker platform and require specific risk underwriting. Initially the role will focus on Property but will include HNW Motor, Overseas Holiday Homes and other products as we continue to develop.

 

You will work closely with our broker partners to build sustainable, profitable  books of business and work with the Strategic Relationship Manager and other internal stakeholders to manage broker portfolios, undertake reviews of MI and promote cross-selling of other business lines in order to fully maximise their potential.

 

You will also be involved in the wider development of our proposition to continue to enhance our offering. This will include involvement with policy wordings, external TPA partners (surveyors, valuation companies, security/water leak detection, etc) and new projects such as Flood Re as required.

 

Specific Responsibilities:

Your job

This role has a direct impact on our customers’ satisfaction and how they perceive the quality of our products and services. You must therefore adhere to the following principles: -

 

               

Knowledge required

·       FCA principle-based regulation and relevant insurance law

·       Lloyds Minimum Standards

·       A good level of underwriting experience in Personal Lines insurance, ideally property and motor led.

·       Develop and maintain market awareness.

Competencies for the Role

1.     Team orientation

Work cooperatively and flexibly with other members of the team with a full understanding of the role to be played as a team member.

2.     Communication

Communicate clearly and persuasively, both orally and in writing.

3.     Achievement/results-orientation

Get things done well and the ability to set and meet challenging goals, create own measures of excellence and constantly seek ways of improving performance.

4.     Problem-solving

Analyse situations, diagnose problems, identify the key issues, establish and weigh up alternative courses of action and produce a logical, practical and acceptable solution.

5.     Flexibility

Adapt and work effectively in different situations and to carry out a variety of tasks.

6.     Customer focus

Take constant care in looking after the interests of external and internal customers. Ensure that their wants, needs and expectations are given due consideration and that all efforts are made to meet them wherever fair and reasonable, in line with any standards from an industry regulator.

7.     Planning and prioritising

The ability to decide on courses of action, ensure that the necessary resources are available and schedule the work required to achieve a defined result in a desirable manner.

8.     Share knowledge

Share knowledge about the role you perform fully and willingly with others, where this is relevant, in the interests of the organisation.

9.     Self-development

Take responsibility for your own career and actively support ‘continuing professional development’.

10.  Commercial/business awareness

The capacity to understand the business opportunities and priorities of the organisation and constantly seek methods of ensuring that the organisation continues to be business-like and continues to meet the standards and requirements of its regulators.

Your profile

 

          

IT SKILLS:

Generic:

·       MS Office (Excel, Word, PowerPoint)

·       Devops

·       Sharepoint

·       Microsoft Teams

 

 

Company Specific:

·       Majesco Underwriting system

·       Sedgwick claims platform

·       Digital First broker portal

·       Other MRSL systems as appropriate

 

         

Education and Professional Qualifications Required / (preferred)

 

·       Dip CII or equivalent qualifications

·       University degree, minimum 2:1 or

·       At least 5 years relevant underwriting experience in similar roles (subject to references)

 

 

 

 

 

 

 

About us

MRSG UK Services Limited is the employing entity for staff supporting the business activities of Munich Re Syndicate Limited (MRSL), Munich Re Specialty Group Limited (MRSG), Groves, John & Westrup Ltd (GJW), NMU (Specialty) Ltd (NMU) and Roanoke International Brokers Limited (RIBL).

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Hong Kong, Singapore, Labuan and Dubai. We are also represented in Lloyd’s China.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Energy & Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht.

Known for our dedication to excellence and quality of service provision, we pride ourselves on offering you a great place to work.

Munich Re’s employees are the backbone of the Group’s business success. They are the people that drive the business forward and develop new solutions for our clients.

Ensuring that we recruit talented staff is therefore crucial to our future success. Our objective is to make Munich Re the employer of choice for potential employees on the global job market..

To help us achieve this goal we offer a competitive salary and a generous and comprehensive benefits package which we regularly review in accordance with external market data, to ensure you are paid fairly and our benefits are tailored to suit your lifestyle. Creating an inclusive environment is a crucial part of the Munich Re culture and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Please Note: All applications must be received via the website. Any CVs received via email will not be considered.

Re_think, Re_engineer, Re_define, Re_invent, the boundaries of Insurance.

Once you hit apply, there is a short, 10 minute application form to complete. Please ensure you attach your current CV when applying and include details regarding your salary expectations. If you have a disability or special need that requires accommodation, please let us know.

Due to volume, we cannot always provide detailed feedback at CV stage.

Ellie Williams


Talent Acquisition, Diversity & Inclusion Specialist