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Professional Indemnity (PI) Underwriter (Birmingham Based)
Munich Re Careers
Birmingham, England, United Kingdom
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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.
[https://www.munichre.com/landingpage/en/munichre-specialty.html]
Professional Indemnity (PI) Underwriter (Birmingham Based)
We are currently looking for a PI Underwriter to be based in Birmingham or
Manchester on a full-time basis, reporting into the Head of Financial Lines
Underwriting. Please apply for this position only if you are
available/interested in working from the Birmingham location.
You will 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. You will provide technical underwriting
expertise and guidance to less experienced underwriting staff.
Responsibilities:
• Proactively develop and convert new and existing business opportunities
through regular in-market engagement with allocated intermediaries and
customers, managing cases end-to-end to deliver business plans and drive
profitable growth aligned with the Company’s trading strategy;
• Identify, define, and close business opportunities, seeking input from other
staff where appropriate to ensure swift and effective handling of business
proposals, securing business for the Company;
• Influence broker behaviour and placement strategies by providing clear
appetite, pricing insight, and feedback, positioning the Company as a
preferred trading partner;
• Manage high-level complex multinational accounts;
• Make effective on-site decisions, within delegated authority, for allocated
intermediaries to ensure work is completed efficiently;
• Work with the Underwriting and Strategic Relationship Management Team to
develop strong relationships with allocated intermediaries, balancing
intermediary needs with the Company’s trading objectives to deliver
profitable and balanced trading growth;
• Deliver technical presentations when required;
• Plan and process own work to assist the team in meeting customer service and
credit control targets;
• Act as a reference point on all issues for allocated intermediaries,
customers, or less experienced staff to ensure a high level of customer
service is delivered;
• Assist in maintaining a balanced and high-quality portfolio by optimising the
use of gathered information;
• Help drive forward good Conduct for the business to deliver the best outcomes
for customers and 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;
• Manage the development and maintenance of key documentation including policy
wordings, endorsements, proposal forms and product information;
• Undertake other duties as directed within the scope of the job function.
Knowledge and Skills
• High level of underwriting knowledge, including technical underwriting,
philosophy, and company trading strategy;
• Proven ability to trade, negotiate, and influence underwriting outcomes;
• Strong market presence and external networking capability with intermediaries
and customers;
• Ability to build long-term broker and client partnerships beyond
transactional interactions;
• In-depth knowledge of the local market;
• Effective interpretation and use of management information;
• Excellent communication skills.
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
[https://www.munichre.com/en/company/sustainability.html] – choose your impact!
#BePresent #BeBold #BeCurious