Underwriting Oversight Portfolio Manager

Location

London, United Kingdom

Job type

Full-Time

Work mode

Hybrid

Job level

Professional

Job ID

11317

Company

Munich Re Specialty - Global Markets

Employment type

Regular

Area of expertise

Claims & Underwriting

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Please see our website for more information.

Underwriting Oversight Portfolio Manager

Drive insights, discipline, and optimisation across the Underwriting Portfolio. The role supports strategic underwriting decisions through robust data analysis, cycle management and regular performance monitoring and review of return of Capital. Collaborate with Senior Underwriters, Actuarial, and Risk functions to deliver sustainable underwriting profitability in line with business plan objectives.

Responsibilities:

Portfolio Oversight & Performance Management

• Analyse underwriting performance across classes and segments, identifying trends and key levers for maintaining or improving profitability.
• Monitor performance against plan, providing regular reporting and commentary on key outliers.
• Develop and maintain real time performance and analysis dashboards to support decision-making at class and portfolio levels.
• Support regular performance reviews, ensuring ongoing alignment between underwriting strategy and portfolio outcomes.

Strategic Portfolio Optimisation

• Partner with underwriting teams to challenge and refine business mix, line size, and risk appetite to optimise capital utilisation and return on capital.
• Assess the impact of new business opportunities, product development, and market changes on portfolio composition and profitability.
• Provide insight into portfolio diversification, aggregation, and reinsurance strategy considerations.

Governance & Frameworks

• Contribute to the development and maintenance of portfolio management frameworks, ensuring consistency, transparency, and alignment with group and Lloyd's requirements.
• Ensure all portfolio analyses and recommendations are underpinned by sound methodology and compliant with internal governance standards.
• Make sure that key stakeholders understand any key dependencies in your findings and limitations are clearly communicated and understood.

Collaboration & Stakeholder Engagement

• Work closely with Senior Underwriters, Oversight, Actuarial, Risk, Exposure management, Claims, Finance, and Operations to deliver well rounded portfolio insights.
• Present findings and recommendations to senior management and relevant committees.
• Effectively manage the Performance Management analysts, supporting their development.
• Support the objectives and aspirations of the Underwriting Oversight team and Business Management function.

Knowledge and Skills

• Degree in a quantitative or business-related field; progress towards ACII, FIA, or CFA qualification advantageous
• Comprehensive understanding of London market practices and risk environment.
• Proven experience in reviewing, analysing and managing Underwriting portfolios.
• Strong understanding of underwriting principles, insurance financials, and KPIs
• Comprehensive understanding of cycle management and the key levers for improvement.
• Understanding of business strategy, planning and key support functions across Insurance.
• Effective people management skills.
• Strong experience in dealing with key stakeholders.
• Commercial acumen and ability to challenge constructively within a high-performance underwriting environment
• Ideally experience in multiple specialty lines of insurance

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

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact

#BePresent #BeBold #BeCurious

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.