Job Description
Job Purpose:
To support Munich Re’s UK clients through the delivery of excellent Operation underwriting services on their Life and Disability products. This includes the assessment of large and/or complex underwriting referrals, audits and process reviews and consultancy on philosophy changes.
Key Responsibilities:
Underwrite large and/or complex life and disability cases referred from our clients
Monitor the quality and appropriateness of the client underwriting philosophy and procedures through audits
Contribute to the overall relationship management (including visits, audits/reviews, training) of a specified group of clients
Provide technical underwriting advice and explain decisions in a clear and manner
Work with other areas of Munich Re’s Life branch to help develop strong internal relationships
General Duties and Tasks:
Work with clients to establish and maintain efficient and appropriate operations of all relevant underwriting and administration arrangements
Contribute ideas and support to the positive development of the client relationship and the Underwriting area in general
Being involved in project work with clients on an ad hoc basis
Represent Munich Re by attending industry events
Develop a working knowledge of companies’ decision-making process for reinsurance, including an understanding of the role of various people
Key Skills and Experience
Extensive experience underwriting Life, Critical Illness and Income Protection benefits
Understand business protection products and financial underwriting requirements
Knowledge of the UK protection market
Experience in planning and conducting Underwriting audits
Confident individual with excellent communication and presentation skills
Knowledge of reinsurance markets and key product lines
Organisational skills in order to meet deadlines and manage client expectations
Producing high quality written material
Desirable Qualifications and Educational Requirements:
DMU (AMS), ACII or studies towards it
This opportunity comes along with a competitive salary, 25 days annual leave along with private medical insurance, on target bonus and employers contributory pension of 10%. We also operate in a hybrid working capacity meaning you have the opportunity to collaborate in the London office and work from home.
About us:
You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning
You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders
We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn
You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions
We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged
Munich Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees
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