Underwriter Level 2

6 months ago

Birmingham, United Kingdom Munich Re Specialty Group Full time

Underwriter Level 2

**Company**
Munich Re Specialty Group
**Location**
Birmingham, United Kingdom

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

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 Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable people and businesses to thrive.

Underwriter (Level 2)

We are looking to employ an Underwriter to be based in Birmingham and to work with us on a Full-Time basis.

If you’d like to work within a high performing and collaborative team atmosphere where you can make difference, we’d love to hear from you.

The Role
- Underwrite construction and engineering risks, exercising judgement to make effective decisions 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
- Review new business presentations, renewal presentations, mid-term adjustments and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority
- Review and administer existing contracts and make amendments in line with the firm’s underwriting philosophy
- Working within your team, occasionally visiting intermediaries/customers, undertaking end-to-end handling of straight forward 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 intermediaries so that work is completed efficiently
- Working with the Engineering and Underwriting team, develop strong relationships with
- intermediaries, balancing intermediary needs with the Company’s trading objectives in a way
- that will deliver profitable and balanced trading growth
- Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets
- Working with the Sales & Development Manager and Development Underwriter(s) assist in maintaining accurate records for intermediaries to allow effective communication and interrogation for Marketing Initiatives
- Identify, define and close business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively, securing business for the Company
- Act as a reference point on all issues for the intermediaries or less experienced staff members, so that a high level of customer service is delivered
- Assist in maintaining a balanced and high-quality portfolio, optimising the use of information gathered
- Undertake other duties as directed within the level of the job function
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk
- You are required to comply with the PRA and FCA conduct rules

What we are looking for

The prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm’s reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm.

Achieve and maintain a profitable, well balanced and growing portfolio with allocated intermediaries and customers to assist in meeting long term trading objectives of the Company.

Key Skills & Experience
- Build and maintain strong internal relationships with other team members, the Claims
- Department, the Sales and Development Team, the Syndicate and the Directors
- Build and maintain strong external relationships with a range of contacts within the allocated
- intermediaries and customers
- Appropriate level of underwriting knowledge
- Ability to interpret and effectively us

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